Question: In the geometric Brown motion process for a variable S, I. S is normally distributed. II. dln(S) is normally distributed. III. dS/S is normally distributed.

In the geometric Brown motion process for a variable S, I. S is normally distributed.

II. dln(S) is normally distributed.

III. dS/S is normally distributed.

IV. S is lognormally distributed.

a. I only

b. II, III, and IV

c. IV only

d. III and IV

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