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58. If a company has a one- day 5% Value at Risk of $1 million, this means: 5% of the time the firm is expected

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58. If a company has a one- day 5% Value at Risk of $1 million, this means: 5% of the time the firm is expected to lose no more than $ 1 million in a day 95% of the time the firm is expected to lose no more than $ 1 million in a day 5% of the time the firm is expected to lose at least $ 1 million in one day 95% of the time the firm is expected to lose at least $ 1 million in one day

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