1) An investor holds $400,000 worth of Stock X and $600,000 worth of Stock Y in his portfolio. The daily volatility of Stock X is 1.3% and the daily volatility of Stock Y is 1.5%. The correlation between the two stocks is -0.2. a) What is the daily VaR of this portfolio at the 95% level of confidence? b) What is the monthly VaR of this portfolio at the 95% level of confidence? (Assume 22 trading days per month.) c) What is the daily VaR of this portfolio at the 99% level of confidence? d) What is the monthly VaR of this portfolio at the 99% level of confidence? (Assume 22 trading days per month.)