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Which of the Following Is True as Time to Maturity

Question 3

Multiple Choice

Which of the following is true as time to maturity increases?


A) The volatility smile for currency options tends to become more pronounced
B) The volatility smile for currency options tends to become less pronounced
C) The volatility smile for currency options first becomes less pronounced and then becomes more pronounced
D) The volatility smile for currency options remains approximately the same

Correct Answer:

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