A company uses the following GARCH (1,1) model for forecasting daily volatility, t2=0.00006+0.15rt12+0.74t12. Suppose that the most recent estimate of the volatility is 2.6% and the most recent percentage change in the asset price is 1.7%. What is the new volatility? Answer New volatility (in \%, round to two decimal places) = Question 8 thet answered Marked out of 3.00 p Flag question A company uses the following GARCH(1,1) model for forecasting daily volatility, t2=0.00007+0.13rt12+0.7t12. What is its long-run volatility? Answer Long-run volatility (in \%, round to two decimal places) =