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Volatility smile: A. implies that we should use different option pricing models to find the implied volatility from options that are the same but plots
Volatility smile:
A. implies that we should use different option pricing models to find the implied volatility from options that are the same but plots the implied volatility of options that are alike in all aspects but differ in their moneyness
B. None of these are correct
C. means that implied volatility must be the same for all options expiring on the same date regardless of strike price
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