Examlex
In 1665,________ used a microscope that he had built to examine thin slices of ________.While examining this material,he observed tiny compartments that he called cellulae.
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.
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