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QUESTION 11 (4 marks) Our guest speaker, Jay Soloff, talked about the call skew. Explain how and why the shape of the call skew has

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QUESTION 11 (4 marks) Our guest speaker, Jay Soloff, talked about the "call skew". Explain how and why the shape of the call skew has changed over time. In particular, explain the mechanism behind the call skew that materialized during and after the COVID-related market crash of early 2020

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