The probability distribution of a less risky return is more peaked than that of a riskier return.
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The probability distribution of a less risky return is more peaked than that of a riskier return. What shape would the probability distribution have for?
(a) Completely certain returns and
(b) Completely uncertain returns?
DistributionThe word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Financial management theory and practice
ISBN: 978-0324422696
12th Edition
Authors: Eugene F. Brigham and Michael C. Ehrhardt
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