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Thank You, in particular confirming the level of understading required for these parameters. I do have Hull so I will read again, however like many others I find your approach of delivering this subject matter excellent.

Your article Option Pricing Models (OPM). Part 4: Black-Scholes provides a very intutive explainantion. Is there an equivalent intutive explaination to the parameters d1, and d2 to the cumulative normal distribution functions used in the BS formulae. Thank you.