Which One of These Statements Is True

Multiple Choice

Which one of these statements is true?

A) The Black-Scholes model is most applicable to complex situations.
B) The binomial model is limited to a two-period time sequence.
C) The binomial model is limited to ten time intervals for any single analysis.
D) The binomial model is basically equivalent to the Black-Scholes model when there is a single time interval.
E) The Black-Scholes model is simpler to use,but for complex situations,the binomial model is preferred.