11. A volatility surface is a table showing the relationship between which of the following A. Implied volatility, time to maturity, and strike price B. Implied volatility, historical volatility, and time to maturity C. Historical volatility, strike price, and time to maturity D. None of the above 12. Which of the following causes a volatility smile that is a "frown"? A. There is a small probability of a large stock price decrease in one week B. There is a small probability of a large stock price increase in one week E. The outcome of a lawsuit [roughly equal chance of being favorable or unfavorable] will create a large movement up or down in one week D. None of the above 13. Which of the following could be a result of "crashophobia"? A. High volatilities for in-the-moneyr calls B. High volatilities for in-the-moneyr puts C. High volatilities for at-the-mo ney calls D. Low volatilities for at-the-mone'yr puts