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After reading carefully the following article http://www.nytimes.com/2009/01/04/magazine/04risk-t.html?& Please answer the following questions: 1- Define Value at Risk 2- Summarize the strengths of VaR as a
After reading carefully the following article http://www.nytimes.com/2009/01/04/magazine/04risk-t.html?&
Please answer the following questions:
1- Define Value at Risk
2- Summarize the strengths of VaR as a risk management tool.
3- Summarize the weaknesses of VaR.
4- Does reliance on imperfect measures of risk lead to better or worse risk management?
Explain your reasoning clearly!!!!
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