In Predicting the Expected Future Return of the Market,one of the Dangers

Multiple Choice

In predicting the expected future return of the market,one of the dangers is that:

A) the past is not indicative of the future.
B) the past period measured is too short to get a reasonable estimate of the future.
C) the equity premium does not include the premium on debt.
D) the past is not indicative of the future and the past period measured is too short to get a reasonable estimate of the future.
E) the past is not indicative of the future and the equity premium does not include the premium on debt.