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An MNC ' s European subsidiary is valued at Euro 5 million. What is the MNC maximum weekly loss due to exchange rate movements using

An MNC's European subsidiary is valued at Euro 5 million. What is the MNC maximum weekly loss due to exchange rate movements using the value at risk method with a 95% confidence, if the expected weekly appreciation/depreciation of the Euro is 9% and the weekly standard deviation of exchange rate changes is 18%?

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