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A one-year project has a 98% chance of leading to a gain of $2 million, a 1.5% chance of a loss of $4 million, and

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A one-year project has a 98% chance of leading to a gain of $2 million, a 1.5% chance of a loss of $4 million, and a 0.5% chance of a loss of $10 million The VaR with a 99% confidence level is $4 million What if the confidence level is 99.9%? What if it is 99.5%

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