After Stating the Like Quantities, It Is Necessary to Reduce

question 5

Short Answer

After stating the like quantities, it is necessary to reduce the ratio to ____________________ terms.

---

Definitions:

Excess Returns

The return on an investment above the return expected from risk-free investments or the market's benchmark.

Risk-free Asset

An investment that is assumed to have no risk of financial loss, often exemplified by government bonds.

Kurtosis

A statistical measure that describes the shape of a distribution's tails in relation to a normal distribution, indicating the potential for extreme outcomes.

Distribution

In finance, the way returns are spread out over time or the manner in which assets are allocated within an investment portfolio.