Question: When calculating the Expected Rate of Return (ERR), the probabilities assigned to each possible outcome must: Question 9 Answer a. Sum to more than 1

When calculating the Expected Rate of Return (ERR), the probabilities assigned to each possible outcome must: Question 9 Answer a. Sum to more than 1 b. Be equal to the actual historical frequencies of the outcomes c. Sum to exactly 1 d. Reflect the risk-free rate

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