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Consider $10 million in IBM stock, N = 10 days (two trading weeks), and X = 99% confidence level. Assume daily volatility of 2% and

Consider $10 million in IBM stock, N = 10 days (two trading weeks), and X = 99% confidence level. Assume daily volatility of 2% and daily mean return of 1%. What is the biggest drop in value that we could expect over the next two weeks with a 1 per cent probability

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