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2. Which of the following describe the definition of risk? a. The return expected by investors over a long-term holding period. b. A prior periodic

2. Which of the following describe the definition of risk? a. The return expected by investors over a long-term holding period. b. A prior periodic return. c. The uncertainty of future returns. d. The market premium, defined as the difference between the market and the return on a risk-less asset, such as a T-bill.

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