Which of the following best represents a calculation for Annual Loss Expectancy (ALE)?

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Which of the following best represents a calculation for Annual Loss Expectancy (ALE)?
A . Value of the asset multiplied by the loss expectancy
B . Replacement cost multiplied by the single loss expectancy
C . Single loss expectancy multiplied by the annual rate of occurrence
D . Total loss expectancy multiplied by the total loss frequency

Answer: C