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2. (VaR of Discrete Loss Distribution) Assume that the loss is characterized by the random variable L with the following distribution { 1 2 3
2. (VaR of Discrete Loss Distribution) Assume that the loss is characterized by the random variable L with the following distribution { 1 2 3 k P(L = 1) What is the 99.5% VaR? 2. (VaR of Discrete Loss Distribution) Assume that the loss is characterized by the random variable L with the following distribution { 1 2 3 k P(L = 1) What is the 99.5% VaR
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