I have seen both stated. Which is more accurate? My intuition is that the returns for long spans of time are lognormally distributed because they cannot go to zero, but they might follow more of a t-distribution for shorter periods of time.
Edit: Conflated stock price with return price. Question is answered.
Submitted June 24, 2017 at 04:25PM by gnurd http://ift.tt/2sDdeYX
