Busted convertible - Study guides, Class notes & Summaries

Questions and Elaborated Answers For CAIA Exam 2023 Absolute Returns - CORRECT ANSWER-An absolute return standard means that returns are evaluated relative to the riskless rate, or zero, and therefore independently of performance in equity markets, debt markets, or any other markets. Jarque-Bera test - CORRECT ANSWER-involves a statistic that is a function of the skewness and excess kurtosis of the sample: JB = (n∕6)[S2 + (K2 ∕4)] where JB is the Jarque-Bera test statistic, n is th...