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Which of the following is likely NOT a problem when modeling energy commodity volatility? a. Volatility varies over time b. Volatility is two-dimensional c. As

Which of the following is likely NOT a problem when modeling energy commodity volatility? a. Volatility varies over time b. Volatility is two-dimensional c. As we get closer to expiration, volatility declines, exacerbating time decay d. Volatility is different for different points on the forward curve

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