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Good Afternoon! Could you please help explain this derivatives finance question to me? Thanks! Calculate the daily value at risk at the 5% level for

Good Afternoon!

Could you please help explain this derivatives finance question to me? Thanks!

Calculate the daily value at risk at the 5% level for a portfolio with an annual expected return of 9% and an annual standard deviation of returns of 20%. Assume that there are 250 trading days per year. The critical z values are given as:

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