WHICH OF THE FOLLOWING IS LEAST LIKELY AN ADVANTAGE OF SCENARIO RI...

18. Which of the following is least likely an advantage of scenario risk measures? Scenarios

A. do not rely on the assumption of a normal distribution to understand the effects of shocks

on portfolio value.

B. may be built to assess the effects on concentrated positions due to adverse market

movements.

C. based on historical observations specify assets future returns because of timely

identification of movements in risk factors.