ques9.

The use of expected shortfall (ES) is most appropriate when

Select one:

A. the probability distribution is skewed to the right.

B. a continuous probability distribution cannot be constructed.

C. the probability distribution indicates there is a possibility of a "fat tail" loss.

D. the VAR indicates there is no possibility of losses so another method must be used to determine market risk.

E. there is a small sample size used to estimate probability distributions.