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Daily expected return is 0 . 0 4 % and standard deviation is 1 . 1 % , and daily 5 % VaR is $

Daily expected return is 0.04% and standard deviation is 1.1%, and daily 5% VaR is $1.77 million. If the portfolio is worth $100 million, what is closest to the annual 5% VaR?
$28 million
$19 million
$25 million
$15 million

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