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3) The change in the value of a portfolio in three months is normally distributed, with a mean of $500,000 and a standard deviation of

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3) The change in the value of a portfolio in three months is normally distributed, with a mean of $500,000 and a standard deviation of $3 million. Calculate the Value-at-Risk and the Expected Shortfall for a confidence level of 99.5% and a time horizon of three months

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