7. Which of the following statements are true about kurtosis?

Select one or more:

a.

It is very unstable and can change dramatically with the change or addition of just a few observations

b.

It is the third moment of a distribution

c.

It is often likened to a measure of the risk of extreme events

d.

It is a measurement of asymmetry of a distribution around the mean

e.

It is the fourth moment of the distribution

f.

It is a key input into the CAPM model when determining expected rates of return