10. Assume you have a portfolio worth $2 million and the expected return over the next week is .7% with a standard deviation of 9%. Previously you were estimating your VAR at the 1% level, but you have decided to now use a 5% level. If you assume normal distribution, what is the difference between your old VaR and your new VAR? (4 Points) 11. Consider the following investments: Investment C Investment A Return (%) Probability 3 0.4 4 0.3 6 0.1 7 0.1 9 0.1 Investment B Return (%) Probability 4 0.1 6 0.2 8 0.1 9 0.2 10 0.4 Return (%) Probability 5 0.1 7 0.1 0.2 8 9 0.2 11 0.4 If R. equals 7% what is the order of preference of the three investments using Roy's Safety-first criterion? Show Clearly why. (4 Points)