A Branching Tree for the Binomial Model

Multiple Choice

A branching tree for the binomial model:

A) Should captures all possible futures paths for the asset.
B) Has a move down followed by a move up on a subsequent branch to end at the same
Value as the reverse path.
C) Has a move down followed by a move up on a subsequent branch to end at a lower
Value than a move up then a move down.
D) Both A and C.
E) Both A and B.