Option Pricing in Continuous Time Makes Use of Wiener Processes $W _ { t }$

Option pricing in continuous time makes use of Wiener processes.Which of the following is not a property of a Wiener process $W _ { t }$ ,given $W _ { 0 } = 0$ ?

A) The process has independent increments $W _ { t } - W _ { s }$
,for
$t > s$
)
B) Increments are normally distributed.
C) For each $\pm$
,
$W _ { t }$
Is normally distributed with mean zero and variance
$t ^ { 2 }$
)
D) The process $\left( W _ { t } \right)$
Is a symmetric random walk around zero.

Correct Answer:

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