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4. Consider a position consisting of a $500,000 investment in Microsoft and a $100,000 investment in Tesla. Assume that the daily volatilities of each is

4. Consider a position consisting of a $500,000 investment in Microsoft and a $100,000 investment in Tesla. Assume that the daily volatilities of each is 1% and 1.5% receptively. The coefficient of correlation between their returns is 0.3. Estimate the 5-day 99% VaR.

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