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  Regarding historical and prospective scenario analysis,which of the following is not wrong?
  A.     Historical scenario analysis only considers recent history.
  B.     Prospective scenario analysis provides a long-term perspective.
  C.     The time period and frequency of observations is critical to prospective analysis.
  D.     The long history of data does not provide adequate observations to *uate stress situations.
  Answer: D
  The drawback to historical scenario analysis is the lack of available events to model portfolio values in stress situations.