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A company currently has $5 million invested in commodity X and $3 million invested in commodity Y.The daily sigma of commodity X is 1 percent,

A company currently has $5 million invested in commodity X and $3 million invested in commodity Y.The daily sigma of commodity X is 1 percent, the daily sigma of commodity Y is 1.5 percent, and the coefficient of correlation between returns from the two commodities is 0.7.What is the total investment's VaR for the next 10 days with a 99 percent confidence level?

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