Question

Which of the following statements regarding the lognormal distribution is/are TRUE? a.Products of independent lognormal random variables are lognormally distributed. b.Any number could occur when you draw from the distribution. Its median is always less than or equal to its mean. c.In the binomial model, the continuously compounded stock return approaches normality as the number of steps increases.

Answer 1

Explanation:

Any number could occur when you draw from the distribution the median is always less than or equal to mean. c. I the binomial model, the continuously compounded stock return approaches normality as the number of step increases