Question: long answer please QUESTION 2 [TOTAL MARKS: 25) (a) From a portfolio perspective, explain the normal distribution and its two moments of mean and standard
QUESTION 2 [TOTAL MARKS: 25) (a) From a portfolio perspective, explain the normal distribution and its two moments of mean and standard deviation. Given that market returns are typically non-normal, provide an explanation of the higher order effects of skewness and kurtosis. Use graphs to support your answer. (10 ml
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