Question: QUESTION 10 13 Marks Carefully explain the concept of implied volatility and its importance for option pricing and, more generally, for market participants. Make sure

 QUESTION 10 13 Marks Carefully explain the concept of implied volatility

QUESTION 10 13 Marks Carefully explain the concept of implied volatility and its importance for option pricing and, more generally, for market participants. Make sure you illustrate the VIX index

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