Question: Consider Pr(St < K), equation (18.23), and E(St|St < K), equation (18.28). Verify that it is possible to pick parameters such that changes in t

Consider Pr(St < K), equation (18.23), and E(St|St < K), equation (18.28). Verify that it is possible to pick parameters such that changes in t can have ambiguous effects on Pr(St < K) (experiment with very short and long times to maturity, and set α > 0.5σ2). Is the effect of t on E(St|St

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