True or false:

Systematic risk is measured by standard deviation.
		Standard deviation measures total risk, which includes systematic and unsystematic risk.
		Fat tails implies there is lower probability mass in extreme events in the tails.
		It is obvious that securities have similar degrees of systematic risk.
		Expected returns are based on the probabilities of possible returns.
		Fat tails implies that there is greater probability mass in extreme events in the tails.
		Market risk is the risk that results from the use of debt capital.
		If you want to have an indication of the expected rate of return for an investment, you would prefer to look at the arithmetic average return over the period of interest.
		Normal distribution has a kurtosis equal to 3.
		"Investors panic causing security prices around the globe to fall precipitously" is an example of unsystematic risk.