CFA Practice Question

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CFA Practice Question

Consider the following statements:

I. Monte Carlo simulation is used to generate a large number of random samples from a probability distribution.
II. Monte Carlo simulation allows us to experiment with a proposed policy before actually implementing it.
III. Monte Carlo simulation is used to develop estimates of Value at Risk.

Which of the following is (are) TRUE?
A. I and III
B. II and III
C. All of the above

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