A Branching Tree for the Binomial Model

Multiple Choice

A branching tree for the binomial model:

A) should capture 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 should capture all possible futures paths for the asset; and 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.
E) Both should capture all possible futures paths for the asset; and has a move down followed by a move up on a subsequent branch to end at the same value as the reverse path.