My local bank has a portfolio of $250 million invested in an NYSE Index. The regulators want a 5% 20-day VAR and have recommended that the statistical analysis method be used. Over the past year, the NYSE Index has had an average daily return of 0.0475% and a daily standard deviation of 1.7589%. Assume a 253 day trading year.

	$30,072,415
	$11,606,695
	$21,756,287
	$32,447,415
	$142,734,250