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

Name: In the Black-Scholes option pricing formula, N(d1) is the probability that a standardized, normally distributed random variable is:
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N(d1) represents the cumulative distribution function of a standard normal distribution evaluated at d1, indicating the probability that a standardized, normally distributed random variable is less than or equal to d1.

In the Black-Scholes Option Pricing Formula, N(d1) Is the Probability