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When investors require higher rates of return for investments that have a higher variability of returns, 1) This is evidence of risk aversion 2) This
When investors require higher rates of return for investments that have a higher variability of returns,
1)
This is evidence of risk aversion
2)
This is evidence that the distribution of returns is normal
3)
This is evidence that the distribution of returns is NOT normal
4)
This is evidence of irrational behavior
5)
None of the above
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