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Which of the following is true with respect to the binomial model in practice? A. Cannot be relied upon. B. Less accurate than the Black-Scholes

Which of the following is true with respect to the binomial model in practice?

A. Cannot be relied upon.

B. Less accurate than the Black-Scholes pricing model.

C. Provides only a rough estimate of price when only one or two binomial steps are considered.

D. Is a simpler alternative to the Black-Scholes pricing model.

E. None of the above.

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