32. An analyst calculated the excess kurtosis of information, we conclude that the distribution of returns is: A. normally distributed. B. thin-tailed compared to the normal distribution. C. fat-tailed compared to the normal distribution. From

32. An analyst calculated the excess kurtosis of information, we conclude that the distribution of returns is: A. normally distributed. B. thin-tailed compared to the normal distribution. C. fat-tailed compared to the normal distribution. From

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Question

32. An analyst calculated the excess kurtosis of a stock's returns as -0.75. From this
information, we conclude that the distribution of returns is:
A. normally distributed.
B. thin-tailed compared to the normal distribution.
C. fat-tailed compared to the normal distribution.

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