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Historical VaR Rational Investment, is estimating VaR using the historical simulation method at the 9 8 % confidence level, for its fixed income portfolio currently

Historical VaR
Rational Investment, is estimating VaR using the historical simulation method at the 98% confidence level, for its fixed income portfolio currently valued at $700. Using daily returns for the last 290 days (ordered in decreasing order), the largest negative daily returns are the following:
-1.99,-1.98,-1.95,-1.95,-1.91,-1.85,-1.81,-1.79,-1.74,-1.72
a. What is your estimate of the daily dollar VaR?
$ million
Round your answer to two decimal places. Ignore the negative sign
b. What is your estimate of the daily dollar expected shortfall?
$ million
Round your answer to two decimal places. Ignore the negative sign.
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