$3.$ The Business is asking approval for a $$1$bn block trade on a stock with $$200$m ADV $($Average Daily Volume$)$ and $32\%$ volatility. They expect to be left with a residual of $50\%$ after placing the other $50\%$ with their clients. What is the $95\%$ VaR on the residual? What is the $2$ stdev cost of liquidation$?$