In the Black-Scholes Option Pricing Formula,N(d₁)is the Probability That a Standardized,normally

Multiple Choice

In the Black-Scholes option pricing formula,N(d₁) is the probability that a standardized,normally distributed random variable is:

A) less than or equal to N(d₂) .
B) less than one.
C) equal to one.
D) equal to d₁.
E) less than or equal to d₁.