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    GARP.FRM.PQ.P2 2016 Practice exam q 64 volatility smile (garp16-p2-64)

    Hi David, for practice exam Q64, would the exam specify the shape of the smile? (e.g. heavy lift tail, lighter right tail). Or are we suppose to know the shape? if yes, could you please advise what's the correct shape of the volatility smile for each type of options? thank you! 64. A committee...