Percentage losses on an exposure of $47,400 have a mean of 1.7% and a standard deviation of 6.30%. What is the expected dollar loss? Note: Your answer must be accurate to within one dollar. Your Answer: An investment portfolio has a 1-day 97.5% ES of $4 million. This means that the portfolio has a 2.5% chance of $4 million over the next day. (a) losing more than (b) losing on average (c) making more than (d) making on average Both (a) and (c) Both (b) and (d)