In contrast to normal distributions, lognormal distributions: A. are skewed to the left. B. have outcomes that

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In contrast to normal distributions, lognormal distributions:

A. are skewed to the left.

B. have outcomes that cannot be negative.

C. are more suitable for describing asset returns than asset prices.

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2024 CFA Program Curriculum Level I Volume 1

ISBN: 9781953337672

1st Edition

Authors: CFA Institute

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Question Posted: Feb 01, 2024 08:29 AM

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In contrast to normal distributions, lognormal distributions: A. are skewed to the left. B. have outcomes that

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B is correct By definition log...View the full answer

2024 CFA Program Curriculum Level I Volume 1

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