1. A financial institution owns a portfolio of options dependent on the US dollar-sterling exchange rate. The delta of the portfolio with respect to percentage changes in the exchange rate is 6.1 . If the daily volatility of the exchange rate is 0.5% and a linear model is assumed. The estimated 10 -day 99% VaR is \$ Round your final answer to four decimal places (e.g., 0.2345) 2. A fund manager announces that the fund's three-month 99% VaR is 8.2% of the size of the portfolio being managed. You have an investment of R1,000,000 in the fund. There is a 1% chance that you will R or more during a three-month period. Enter a numerical number without spaces or commas for thousand separators (E.g 24000)