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7- You are invested in a $ 100 million portfolio with the following sample probability distribution of annual returns. Based on this probability distribution, determine

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7- You are invested in a $ 100 million portfolio with the following sample probability distribution of annual returns. Based on this probability distribution, determine the yearly VAR at 1% and 5% levels both in percentage and as $ VAR. Interpret the VAR values at the 5% level. Return on Portfolio Probability I Less than -40% -40% to -30% -30% to -20% -20% to -10% 10% to -5% -5% to -2.5% 2.5% to 0% 0% to 2.5% 2.5% to 5% 5% to 10% 10% to 20% 20% to 30% 30% to 409 Greater than 40% 0.01 0.01 0.03 0.05 0.10 0.125 0.175 0.175 0.125 0.10 0.05 0.03 0.01 0.01 1.000

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