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6. Sumitomo Bank's risk manager has estimated that the VaRs of two of its major assets in its trading portfolio, foreign exchange and bonds, are

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6. Sumitomo Bank's risk manager has estimated that the VaRs of two of its major assets in its trading portfolio, foreign exchange and bonds, are -$150,000 and -$250,000, respectively What is the 10-day VAR of Sumitomo's trading portfolio if the correlation among assets is assumed to be - 1.0? A. -S100,000 B. -$1,106,797 C. -$316,228. D. -S1,264,911. E. -$1,204,161

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