Which one of the following four formulas correctly identifies the expected loss for all credit instruments?

Which one of the following four formulas correctly identifies the expected loss for all credit instruments?
A . Expected Loss = Probability of Default x Loss Given Default x Exposure at Default
B . Expected Loss = Probability of Default x Loss Given Default + Exposure at Default
C . Expected Loss = Probability of Default x Loss Given Default – Exposure at Default
D . Expected Loss = Probability of Default x Loss Given Default / Exposure at Default

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Answer: A