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Assume that you toss an unbiased coin for 8 times. If a head comes up, you win 100 TL and if a tail comes up

Assume that you toss an unbiased coin for 8 times. If a head comes up, you win 100 TL and if a tail comes up you lose 60 TL. Calculate value at risk (VaR) in the following confidence intervals.

u %98 u %95

u Answers: u -320 u -160

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