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A portfolio of stocks has $800,000 market value. If the Recent volatility of the portfolio, as measured by the standard deviation is 3.2%, what is
A portfolio of stocks has $800,000 market value. If the Recent volatility of the portfolio, as measured by the standard deviation is 3.2%, what is the estimated 10-day value at risk (VAR) using a 99% level of confidence? Assume the returns are normally distributed. Show all work and formulas.
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