What is the correct meaning of implied volatility?

Finance Research Letters 2007 Vol. 4; Iss. 3

What is the correct meaning of implied volatility?

In Joon Kim, Gun Youb Park, Jung-Soon Hyun
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Volume:
4
Year:
2007
Language:
english
DOI:
10.1016/j.frl.2007.02.003
File:
PDF, 116 KB
english, 2007
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