1. Most financial assets have positive or negative skewness. If the investor knows the degree of asymmetry (skewness) of the asset or portfolio studied, he will be able to estimate with greater precision whether future returns will be higher or lower than the returns of the previous period. a. true b. false

2. The arithmetic average of a series of returns on a financial asset is a measure that is mostly used to make a rough estimate of expected future returns. a. true b. false 

3. We can affirm that when a portfolio is diversified it is because assets from different classes (diversification between) and different assets within each class (diversification within) were included. a. true b. false