Question: In Edelman's example, why did short term returns appear much less volatile? Group of answer choices They appeared less volative because less can happen in

In Edelman's example, why did short term returns appear much less volatile?
Group of answer choices
They appeared less volative because less can happen in a shorter timeframe.
None of the above.
Because they actually were less volatile in reality.
They did not appear less volatile, they actually appeared more volatile.

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