2. You calculated that the average return of your portfolio is 3% and the standard deviation is 22%, what is the value at risk (VaR) at 5% for your portfolio?

3.

You have been following a stock for 4 months and the following is its past return

Year 1: 1%

Year 2: 10%

Year 3: -1%

Year 4: -2%

What is the expected return based on historical data? (Put answer in decimal points instead of percentage)