The CBOE web site quotes the CEO of an investment advisory firm as saying: The VIX Index

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The CBOE web site quotes the CEO of an investment advisory firm as saying: “The VIX Index is an important and popular tool for measuring investor sentiment.” Briefly explain in what sense the VIX is a measure of investor sentiment.

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Money, Banking, and the Financial System

ISBN: 978-0134524061

3rd edition

Authors: R. Glenn Hubbard, Anthony Patrick O'Brien

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