QUIZ: Statistical Measures of Asset Returns

Practice questions provided by PrepNuggets are intended as a supplementary resource and should be used after mastering the comprehensive ones provided by the CFA Institute (accessible under candidate resources, or at the end of each reading in the curriculum textbook). While PrepNuggets’ questions test topic understanding, they may not mirror the exam’s exact question types. Prioritise the CFA Institute’s questions for optimal exam preparation.

Why is the language of the Learning Outcome Statements (LOS) different from the curriculum?
The LOS are protected under the CFA Institute's copyright, and we don't have permission to duplicate them verbatim. Therefore, we've rephrased the LOS and included alphabetical labels (a, b, c, …) to simplify cross-referencing with the original LOS in the curriculum when needed.

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