Question: Future equity risk premiums may not be equal to past equity risk premiums due to which of the following factors? Multiple select question. Past equity

Future equity risk premiums may not be equal to past equity risk premiums due to which of the following factors?
Multiple select question.
Past equity risk premiums are not reasonable estimates.
The degree of risk aversion for investors does not change.
The risk aversion of investors will change in the future.
Future risk is different from historical risk.

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