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Question 1 A fund manager announces that the funds one-month 95% VaR is 7% of the size of the portfolio being managed. You have an

Question 1 A fund manager announces that the funds one-month 95% VaR is 7% of the size of the portfolio being managed. You have an investment of $100,000 in the fund. How do you interpret the portfolio managers announcement? a) There is a 5% chance that you will lose ___________ or more during a one-month period.

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