Download the annual returns on the combined NYSE/NASDAQ/AMEX markets as well as the S&P 500 from the Online Learning Center at www.mhhe.com/bkm. For both indexes, calculate:
a. Average return.
b. Standard deviation of return.
c. Skew of return.
d. Kurtosis of return.
e. The 5% value at risk.
f. Based on your answers to parts (b) - (e), compare the risk of the two indexes.