If expected equity risk premiums are overestimated, then most U.S. private pensions are likely to be:

Name: If expected equity risk premiums are overestimated, then most U.S. private pensions are likely to be:
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If expected equity risk premiums are overestimated, it means that the actual returns on equity investments will likely be lower than anticipated. This would lead to pension funds having less money than expected to cover future liabilities, resulting in underfunding.

If Expected Equity Risk Premiums Are Overestimated, Then Most U