15. "Value at Risk (VaR)" and the "Conditional Value at Risk CVar)". The value of a portfolio is lognormally distributed. The average value is approximately $3.3 million dollars with a standard deviation of almost $100,000. This corresponds to the parameters a=15 and b=0.03. A. What is the value of the portfolio such that there is only a 1% chance of going below that value? B. What is the expected value of the portfolio conditional (not partial) on going below the cutoff? 15. "Value at Risk (VaR)" and the "Conditional Value at Risk CVar)". The value of a portfolio is lognormally distributed. The average value is approximately $3.3 million dollars with a standard deviation of almost $100,000. This corresponds to the parameters a=15 and b=0.03. A. What is the value of the portfolio such that there is only a 1% chance of going below that value? B. What is the expected value of the portfolio conditional (not partial) on going below the cutoff