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14. Suppose that an investment has a 2% chance of a loss of $100 million, a 5% chance of a loss of $200 million, a

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14. Suppose that an investment has a 2% chance of a loss of $100 million, a 5% chance of a loss of $200 million, a 3% chance of a loss of $50 million, and a 90% chance of a gain of $50 million. What is the approximate Expected Shortfall of this investment when the confidence level is 94%? a. $183 million b. $200 million c. $167 million d. $150 million -nate has a %

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