1. If a portfolio with 90 past returns at a 5% level in the left tail has the following 5 returns in the left tail: -43.21%, -42.12%, -35.11%, -22.14%, -20.15%. What is the value at risk at 5% level in the left tail? 2. What is the expected shortfall at 5% in the left tail for the portfolio in question 1 above?