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(a) What does value at risk attempt to measure? (b) What does a daily VaR of $5,000,000 at a 99% confidence level mean? (c) What
(a) What does value at risk attempt to measure? | |||
(b) What does a daily VaR of $5,000,000 at a 99% confidence level mean? | |||
(c) What data is required to estimate VaR? How is the amount of data required | |||
mimimized? | |||
(d) What are some of the limitations in the use of VaR? | |||
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