![In the black scholes formula how can N(d1) represent the expected return in the event of an exercise and at the same time also mean 'delta' - probability that the option will In the black scholes formula how can N(d1) represent the expected return in the event of an exercise and at the same time also mean 'delta' - probability that the option will](https://qph.cf2.quoracdn.net/main-qimg-6945f76aa40770f89ca46cf8e6b89c53.webp)
In the black scholes formula how can N(d1) represent the expected return in the event of an exercise and at the same time also mean 'delta' - probability that the option will
![In the black scholes formula how can N(d1) represent the expected return in the event of an exercise and at the same time also mean 'delta' - probability that the option will In the black scholes formula how can N(d1) represent the expected return in the event of an exercise and at the same time also mean 'delta' - probability that the option will](https://qph.cf2.quoracdn.net/main-qimg-2bfe2048752bb64ad141d4d3bbea08fd.webp)
In the black scholes formula how can N(d1) represent the expected return in the event of an exercise and at the same time also mean 'delta' - probability that the option will
Lecture 12: The Black-Scholes Model Steven Skiena Department of Computer Science State University of New York Stony Brook, NY 11
![An alternative calculation of the Black Scholes formula for effective hedging programmes - The Global Treasurer An alternative calculation of the Black Scholes formula for effective hedging programmes - The Global Treasurer](https://www.theglobaltreasurer.com/wp-content/uploads/2022/09/Table1-with-formulas-below.png)