Assume that over short periods of time, the stock price is approximately normally distributed with mean return of 10% per year and annual standard deviation of 30%.Q1What would be the one-week, 5% VaR on the stock? Express your answer as a percentage loss on the stock position.Q2 What would be the one-day 5% VaR on the stock? Express your answer as a percentage loss on the stock position. There are 250 trading days in a year. Q3 Suppose that the expected number of discrete stock price jumps is 2 per year. What would be the probability of a jump in any particular trading day? Assume 250 trading days per year and express your answer as a decimal, not a percentage.