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What is the conclusion of empirical research about the distribution of security returns? A. Is approximately Normal distribution B. Has positive skewness and high kurtosis

What is the conclusion of empirical research about the distribution of security returns?

A. Is approximately Normal distribution

B. Has positive skewness and high kurtosis

C. Has positive skewness and low kurtosis

D. Has negative skewness and high kurtosis

E. Has negative skewness and low kurtosis

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