1. a) All outcome between a loss of -$60 million to a gain of $140 million are equally likely on a one year project. Compute the 1 year 99% VaR

b) The gains of a portfolio over the last 10 days are -1M, -5M, 6M, 2M, 0M, -4M, 7M, -3M, 1M and 2M Where M stands for million USD. What is the 10 day 90% VaR? What is the 10 day 80% VaR?

c) The 30 day 99% VaR for Portfolio loss is $10 M. Assuming that the daily portfolio losses are independent, What is a one day 99% Var? What is the quarterly 99% VaR?