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Question 1 : Answer in two or three sentences to each of the following questions i) What is a leptokurtic distribution ? ii) How to

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Question 1 : Answer in two or three sentences to each of the following questions i) What is a leptokurtic distribution ? ii) How to define a leverage effect ? iii) What is the term structure of volatility ? iv) What is an integrated process I(1)

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