When a mutual insurer becomes a stock company, the process is called

A certain state in the U.S. declares that its citizens should only wear modest clothing. Which of the following conclusions is made when this law is tested for substantive due process?

A) unconstitutional for compulsion B) invalid for violation of the Equal Protection Clause C) void for vagueness D) invalid for violating freedom of expression

Which of the following is assumed by the Black-Scholes-Merton model?

A. The return from the stock in a short period of time is lognormal B. The stock price at a future time is lognormal C. The stock price at a future time is normal D. None of the above