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A portfolio has a 2.0% chance of losing 15% or more according to the VaR when T = 1. This can be interpreted to mean
A portfolio has a 2.0% chance of losing 15% or more according to the VaR when T = 1. This can be interpreted to mean that the portfolio is expected to have an annual loss of 15% or more once in every how many years? a. 1 b. 2 c. 25 d. 50 e. 100
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