ed lag question If extreme returns occur at a higher frequency compared with normal distribution, the distribution is said to have? a. Fat Tails b. Positive Skewness c. Negative Skewness d. Thin tails does/do not need to be adjusted for inflation: a. Risk Free Rate ab. All are correct c. excess return O d. Expected Return Clear my choice Combing assets together reduces portfolio risk because: a. market risk affects all assets b. unique risk sources are dependent c. market risk affects part of the assets d. unique risk sources are independent