Consider two asset classes: Stocks and Bonds. You estimate the following parameters for these two asset class funds.

correlation matrix b$/$n Stocks and Bonds

E$($r$)$ sd$($r$)$ Stocks Bonds

Stocks $19\%28\%10\mathrm{.}5$

Bonds $10\%8\%0\mathrm{.}51$

Consider a $$80,000$ portfolio consisting of $$60,000$ in Stocks and $$20,000$ in Bonds. So$,$ the portfolio is $75\%$ in Stocks and $25\%$ in Bonds. Given the expected return on the portfolio is $16\mathrm{.}75\%,$ and the standard deviation of the portfolio return is $22\mathrm{.}07\%,$ what is the $2\mathrm{.}5\%$ value at risk $($note: the $95\%$ confidence interval lower limit on the portfolio value is the value of the portfolio at this level of loss$)?($use $2$ decimals without $$,$ so a loss of $-$$$10\mathrm{.}00$ is $-10\mathrm{.}00)$