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YouTube T4-12: How to interpret N(d1) and N(d2) in Black Scholes Merton

Nicole Seaman

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N(d1) is the option's delta and N(d2) is the probability that a call option will be exercised; that is, N(d2) is the probability that S(T) will be greater than K.

David's XLS is here: https://trtl.bz/2E8qsmw

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