Consider the following 4 scenarios with their probabilities and the associated returns Probability return (%) 1. 5% -46.2% 2. 25% -11.65% 3. 40% 13.10% 4. 30% 26.24%

Mean Return: 7.89% SD: 18.81% Calculate Kurtosis of the distribution of returns (this is the example in the slides where the scenario returns are expressed as cont compounded rates but that doesn't affect the analysis or the calculations)

Question 17 options:

	0.99
	1.91
	0.12
	-0.54