Which of the Following Is a False Statement

Multiple Choice

Which of the following is a false statement?

A) Expected returns are not always predicted accurately.
B) Expected returns may differ from actual returns because of an unforeseen recession.
C) Historical returns can be calculated with more confidence than expected returns.
D) Accurate predictions of expected returns depend on the analyst's ability to estimate probabilities.
E) Although expected returns may differ from actual returns, they seldom do.