A portfolio manager has positions in Silver (worth 250,000) and City Corp (worth 325,000). The weekly standard deviation of the value of each position is 5% for Silver and 7.5% for City Corp. The correlation is: 0.3 (positive) assume 4 weeks in a month and 5 days per week (250 days a year)

955% confidence level = 1.645 Critical value

1A) Calculate the 95% 1-month Value at Risk (VaR) measure for the position in Gold and ABCo

1B) Calculate the 95% 1-month Value at Risk (VaR) measure for the portfolio of two assets.