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Describe the VAR approach to market risk. Is VAR related to the normal distribution? Can VAR handle extreme events (black swans)? Explain how VAR is

Describe the VAR approach to market risk. Is VAR related to the normal distribution? Can VAR handle extreme events (black swans)? Explain how VAR is applied to portfolios.

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VAR is a statistical term used to denote the values that are at risk in the market VAR is mostly use... blur-text-image

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