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An MNC's European subsidiary is valued at Euro 22 million. What is the MNC maximum weekly loss due to exchange rate movements using the value

An MNC's European subsidiary is valued at Euro 22 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 -2% and the weekly standard deviation of exchange rate changes is 23%? Provide your answer rounded to the nearest integer.

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