CFA Practice Question

There are 294 practice questions for this study session.

CFA Practice Question

Returns are, in fact, not normally distributed. This means that the ______

I. returns are skewed.
II. returns are not symmetrical around the mean.
III. returns' distribution can be defined by mean and variance only.
Correct Answer: I and II

User Contributed Comments 1

User Comment
angusmyers I don't know if i agree with this... you could hypothetically have a uniform distribution on returns (satisfying the non 'normal distribution') but a uniform distribution is not skewed left or right? Could the same be said for a bimodal distribution? Hence I think only II should be the correct answer. Thoughts?
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