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12. Which one is NOT the possible applications of VIX? Your answer: ________________ (a) It is considered as the fear gauge on the wall street.

12. Which one is NOT the possible applications of VIX? Your answer: ________________ (a) It is considered as the fear gauge on the wall street. (b) It can be used to forecast the future realized volatility. (c) It is the underlying asset of other derivatives such as futures and options. (d) It can be used to predict the long-run stock market performance.

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