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When assessing tail risk by looking at the 5 worstcase scenario, the VaR is the a. Most optimistic as it takes the highest return (smallest

When assessing tail risk by looking at the 5 worstcase scenario, the VaR is the

a. Most optimistic as it takes the highest return (smallest loss) of all the cases

b. Most optimistic as it takes the highest return (smallest loss) of all the cases

c. Most realistic as it is the most complete measure of risk

d. Most optimistic as it is the most complete measure of risk

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