Indicate whether the tails mentioned below are fatter or thinner than the tails for a lognormal distribution based on the implied volatility.
i) Left tail of foreign currency implied distribution _ _ _ _ _ _
ii) Right tail of foreign currency implied distribution _ _ _ _ _ _
iii) Left tail of stock index implied distribution _ _ _ _ _ _
iv) Right tail of stock index implied distribution _ _ _ _ _ _

Question

Quizplus · Accepted Answer

The Answer is i) fatter
ii) fatter
iii) fatter
iv) thinner

Indicate Whether the Tails Mentioned Below Are Fatter or Thinner