If you have a sample of returns and the p$-$value of a Kolmogorov$-$Smirnov test is $0\mathrm{.}005,$ what do you conclude?

What is the difference between a European call option and an American call option?

Define the Capital Market Line $($CML$).$

Define the market risk, liquidity risk, credit risk.

Explain briefly the concepts of implied volatility and volatility smile.

What is the Value$-$at$-$Risk?