Given the model inputs below, what is the value of N(d1) as defined in the Black Scholes option pricing model? Current Stock Price: $100.00 Annual Standard Deviation: 25.00% Risk Free Rate (Annual): 3.00% Strike Price: $105.00 Maturity (Years): 0.75 Und. Asset Yield (Dividend Yield): 1%
1. (0.143)
2. (0.345)
3. 0.481