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Each of two independent projects has a probability 0.9 of a loss of $1 million and 0.1 probability of a loss of $10 million What

Each of two independent projects has a probability 0.9 of a loss of $1 million and 0.1 probability of a loss of $10 million

What is the 90% VaR for each project?

What is the 90% expected shortfall for each project?

What is the 90% VaR for the portfolio?

What is the 90% expected shortfall for the portfolio?

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