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Apple Co. expects to receive 5 million British pounds tomorrow as a result of selling goods to the England. Apple estimates the standard deviation of

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Apple Co. expects to receive 5 million British pounds tomorrow as a result of selling goods to the England. Apple estimates the standard deviation of daily percentage changes of the British pounds to be 9 percent over the last 200 days. Assume that these percentage changes are normally distributed. Use the value-at-risk (VAR) method based on a 95% confidence level for the following question(s). What is the maximum one-day loss if the expected percentage change of the British pounds tomorrow is 50%? FI Til Select one: 30.-35.15% b.-5.15% O c.-13.35% d.-8.75% Clear my choice

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