Imagine that you are managing a trading portfolio worth $130 million. The return on your portfolio is normally distributed with an annual standard deviation of 32%. What is the 10-day VAR with 99% confidence? Hint: VAR (99%) = 2.33 X AS x 6 Assume there are 250 trading days. 6year = 6day (250^0.5) 6day = 6year / 2500.5 610-day = 6day X (10^0.5) O 12.63 million 19.39 million 12.49 million O 16.47 million O 17.02 million