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PLEASE SHOW SOLUTIONS & Answers. Thank! Example: Suppose the one-day VaR with a confidence level of 95% is $1.5 million. Using the assumption that the

PLEASE SHOW SOLUTIONS & Answers. Thank!
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Example: Suppose the one-day VaR with a confidence level of 95% is $1.5 million. Using the assumption that the distribution of changes in portfolio value is normal with mean zero. Please calculate the250-day VaR with a confidence level of 99%

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