A. When simulating asset returns using Monte Carlo simulation, a sufficient number of trials must be used to ensure simulated returns are risk neutral

B. Bootstrapping is an effective simulation approach that naturally incorporates correlations between asset returns and non-normality of asset returns, but does not generally capture autocorrelation of asset returns

C. The historical simulation approach is a nonparametric method that makes no specific assumption about the distribution of asset returns

D. Monte Carlo simulation can be a valuable method for pricing derivatives and examining asset return scenarios