Question: When estimating the future equity risk premium, it is important to include assumptions about the: Multiple Choice historical distribution of returns on derivative securities only.

When estimating the future equity risk premium, it is important to include assumptions about the:

Multiple Choice

historical distribution of returns on derivative securities only.

future risk environment and the amount of risk aversion of future investors.

historical distribution of returns on derivative securities and the future risk environment.

amount of risk aversion of future investors only.

future risk environment only.

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