An empirical distribution that exhibits a fatter right tail than that of a lognormal distribution would indicate（ ）
　　A.Equal implied volatilities across low and high strike prices.
　　B.Greater implied volatilities for low strike prices.
　　C.Greater implied volatilities for high strike prices.
　　D.Higher implied volatilities for mid-range strike prices.
　　Answer: C
　　An empirical distribution with a fat right tail generates a higher implied volatility for higher strike prices due to the increased probability of observing high underlying asset prices.