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Because VaR has certain limitations, managers will often backtest their VaR models. In addition, there are measures that can be used as supplements to the

Because VaR has certain limitations, managers will often backtest their VaR models. In addition, there are measures that can be used as supplements to the regular VaR measure (i.e., supplement the information provided by VaR).

List and describe three complementary measures that can be used as supplements to VaR.

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