If the daily volatility of an asset is 0.20%, assuming that there are 250 trading days in a year, the annual volatility would be % (two decimal places). What is the name of a statistic that quantifies the extent of possible financial losses within a firm, portfolio, or position over a specific time frame. 1.O Volatility 2.O Net present value 3. Sunk cost 4. O Value at risk 5. Expected return