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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 leading to a loss of $4
A one-year project has a 98% chance of leading to a gain of $2 million, a 1.5% chance of leading to a loss of $4 million and a 0.5% chance of leading to a loss of $10 million.Use the cumulative loss distribution in portfolio value to determine the VaR with a confidence level of 99.5% and a one-year time horizon.
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