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Indicate Whether the Tails Mentioned Below Are Fatter or Thinner

Question 2

Short Answer

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 _ _ _ _ _ _

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