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) completelycertain returns and (b) completely uncertain returns?

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Financial management theory and practice

ISBN: 978-1439078099

13th edition

Authors: Eugene F. Brigham and Michael C. Ehrhardt

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