(Finance) (Financial Economics)

Referring to the attachment,

(a)Briey describe how the 80% and 98% range of returns for price and volatilityfollow from the CDF graph.

(b)Using the graph give a rough estimate of the range of returns for price and volatility that correspond to 99.8% coverage.

(Note:following your analysis to question1a above the price-return range should be straightforward; the range of volatilityreturns, on the other hand, is less straightforward and open to some creativity.)