Assertion: financial institution's function | /r/HasProperty | to communicate price
Facets:
value: within institutions
type: LOCATION
value: via implied volatilities
type: MANNER
value: largely
type: DEGREE
Source sentences:
text: Within institutions, the function of Black-Scholes is now, largely, to communicate prices via implied volatilities, much like bond prices are communicated via YTM; see Black–Scholes model § The volatility smile.