1. Monthly Return of a stock follows normal distribution with average return is 10%, and standard deviation is 15%. Calculate probability that next month return is more than 20%. a. 0.1293 b. 0.3707 c. 0.6293 1.0.8707 e. None above 2. Suppose we hold a portfolio of $1 million. Using the data above, calculate 99% Value At Risk a. $249,500 b. $194,000 c. $147,500 d. $92,000 e. None above 3. Same information as in number 1 and 2, calculate 70% Value at Risk a. $22,000 b. $26,300 c. $61,300 d. $70,000 e. None above