Consider a 1-year option with exercise price $105 on a stock with annual standard deviation 10%. The T-bill rate is 2% per year. Find N(d1) for stock prices (a) $100, (b) $105, and (c) $110.

One of every 20 customers reports poor customer service on your company’s customer satisfaction survey. you have just created a new process that should cut the number of poor customer service complaints in half. what percentage of customers would you expect to report poor service after this process is implemented? 1.) 5% 2.) 10% 3.) 2% 4.) 2.5%