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Please see the screenshot below. It is a full question. 1. Consider the following information on the rate of return of two stock markets: A

Please see the screenshot below. It is a full question.

1. Consider the following information on the rate of return of two stock markets: A B Mean 5% 4% Volatility 25% 25% Skewness 0.75 0.75 Kurtosis 3 Write down a value of the kurtosis coefficient that is compatible with market efficiency. Explain your

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