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Question (6) (20 marks) Examine the mean-variance relation for (i) overnight returns, (ii) intraday returns, and (iii) total returns. Interpret. (While writing have to follow

Question (6) (20 marks)

Examine the mean-variance relation for (i) overnight returns, (ii) intraday returns, and (iii) total returns. Interpret.

(While writing have to follow academic writing style format relying on Journal articles)

Requirement:

Examine the mean-variance relation for three returns.
Interpret

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