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If a returns distribution of returns has unusually long thick tails, then: O risk is low. O the probability of very high or very low
If a returns distribution of returns has unusually long thick tails, then: O risk is low. O the probability of very high or very low returns is greater than that of a normal distribution. the probability of large upside returns is greater than the probability of large downside returns. O mean return is high. O mean return is low
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