In the Black-Scholes Call Option Pricing Model, N(d₁) Is the Probability

Multiple Choice

In the Black-Scholes call option pricing model, N(d₁) is the probability that:

A) A standardized, normally distributed random variable is less than or equal to d₁.
B) A standardized, normally distributed random variable is greater than or equal to d₁.
C) The call will finish in the money.
D) The call will finish out of the money.
E) The call will finish at the money.