Which of the following is true as time to maturity increases?
A. The volatility smile for currency options tends to become more pronounced
B. The volatility smile for currency options tends to become less pronounced
C. The volatility smile for currency options first becomes less pronounced and then becomes more pronounced
D. The volatility smile for currency options remains approximately the same
B
The volatility smile tends to become less pronounced as the time to maturity increases. (This does not mean that its impact on prices becomes less pronounced.)
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What will be an ideal response?
Companies controlled by other companies, but where less-than-majority owners may exercise control by a variety of means, both those involving stock ownership and those involving nonownership mechanisms are ___________.
Fill in the blank(s) with the appropriate word(s).
Phyllrox Co, a large manufacturer, purchased a forklift from Brown's Equipment Co Phyllrox made a down payment in cash and signed a promissory note for $7,500 . For $7,200 Brown's sold the note to Corporate Bank, who took it in good faith without notice of any problems with it. After Phyllrox used the forklift for two weeks, it broke down and could not be repaired. Phyllrox refuses to make any
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