(q1)An investor determines that stock ABC has an annual expected rate of return 10% and a standard deviation of 12%. Given a 99% confidence level,

1. what is the annual %VaR?
2. what is the monthly %VaR?

(q2)A portfolio manager determines that his portfolio has an expected return of $20,000 and a standard deviation of $45,000. Given a 99% confidence level, what is the portfolio's VAR?

(q3)John Dumas is in charge of $100 million of equity portfolio. He expects a return of 10% with a standard deviation of 8%. What will be the minimum value of portfolio at 99% probability.

(q4)Gregory Chambers is interested in estimating the daily VAR (with 95% probability) of bank's fixed income portfolio, currently valued at $30 million. The portfolio has the following returns over the past 100 days (ranked from high to low).

1.9%, 1.87%, 1.85%, 1.79%......-1.78%, -1.81%, -1.84%, -1.87%, -1.91%

What will be the VAR estimate using the historical method?