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Basic Question 0 of 4
What is the primary focus of the historical approach to estimating the equity risk premium (ERP)?
A. Future market expectations
B. Current stock prices
C. Past market data
D. Expected cash flows
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Tamara Schultz
Learning Outcome Statements
describe the steps in the financial statement analysis framework
CFA® 2025 Level I Curriculum, Volume 2, Module 1.