Historical VaR

Rational Investment, is estimating VaR using the historical simulation method at the 99% condence level, for its xed income portfolio currently valued at $600. Using daily returns for the last 290 days (ordered in decreasing order), the largest negative daily returns are the following:

[2.00,2.00,1.92,1.90,1.79,1.75,1.74,1.73,1.73,1.71]

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.