The option describes the option's price response to changes in the volatility. \begin{tabular}{l} rho \\ \hline delta \\ \hline gamma \\ \hline vega \\ \hline Question 34 \\ \hline The option gamma provides a "curvature correction" to the change in the option price predicted by \\ the option: \\ \hline rho \\ \hline beta \\ \hline alpha \\ \hline delta \\ \hline pts \\ \hline \end{tabular} Question 35 2.5 pts Each of the greeks can be represented in closed-form in the setting. Black-Scholes White-Shoals Trinomial Binomial Question 36 2.5 pts Interest rate swaps are intimately related to: gamma corrections call options forward-rate agreements credit default swaps