单选题 A distribution of returns that has a greater percentage of small deviations from the mean and a greater percentage of large deviations from the mean compared to a normal distribution:

A、

A. is positively skewed.
B、

B. has positive excess kurtosis.
C、

C. is negatively skewed.

【正确答案】 B

【答案解析】A distribution that has a greater percentage of small deviations from the mean and a greater percentage of large deviations from the mean will be leptokurtic and will exhibit positive excess kurtosis. The distribution will be taller (more peaked) with fatter tails than a normal distribution.