Question: The normal quantile plot of daily stock returns for General Motors during 19921993 (507 trading days) shows an anomaly, a flat spot at zero. (a)

The normal quantile plot of daily stock returns for General Motors during 1992€“1993 (507 trading days) shows an anomaly, a flat spot at zero.
(a) What€™s happened?
(b) Why does the anomaly not appear in the histogram?

0.081 0.07 0.06 0.05 0.04 0.03 0.02 0.01 0 o.01 0.02 0.03 0.04 0.05 0.06 0.07 (909-3-2-1 Count Normal Quantile Plot

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a The anomaly is due to rounding During this period ... View full answer

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