Question: Options And Mathematics: The Number Of Points Assigned To The Tasks In This Part Will Be Based On The Amount Of Details Provided In The Solution. Use Your Own Words And Explain Each Step In The Proof, In Details. Do Not Skip Calculations! Give And Explain The Definition Of Implied Volatility Of European Call Options

Options and mathematics:

The number of points assigned to the tasks in this part will bebased on the amount of details provided in the solution. Use yourown words and explain each step in the proof, in details. Do notskip calculations!

Give and explain the definition of implied volatility ofEuropean call options