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Over a period of 252 days (1 year), a firm's unconditional VaR (p) was exceeded 19 times. a) Construct a 95% confidence interval for

Over a period of 252 days (1 year), a firm's unconditional VaR (p) was exceeded 19 times. a) Construct a 95% confidence interval for the unconditional VaR violation rate. b) Qualify the evidence for model misspecification.

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