DO NOT COPY ANSWERS ALREADY ON CHEGG. i will REPORT.

3. Suppose that you decide to extend the US evidence from Wang (2021) to an emerging market. Select the market and justify your selection. [8 marks] 4. For the selected market, present and interpret descriptive statistics of (i) overnight returns, (ii) intraday returns, and (iii) total [15 marks] returns. 5. Select one method to filter conditional volatility. Present and interpret descriptive statistics of conditional volatility of (i) overnight returns, (ii) intraday returns, and (iii) total returns. [20 marks]