The Following Was NOT a Major Development in the History

Multiple Choice

The following was NOT a major development in the history of option pricing:

A) the Black-Scholes-Merton model for pricing European options
B) the James-Jones model for dollar dividend adjustment
C) the Merton and Jarrow-Turnbull models for pricing derivatives with credit risk
D) Harrison-Kreps and Harrison-Pliska's martingale pricing methodology
E) Vasicek,Ho-Lee,and the Heath-Jarrow-Morton (HJM) ,and HJM Libor models