Question You invest $100 at 5% with a standard deviation of 10%. What is the 95% VAR noting that the critical one tail Z is 1.65. 1) More than $10 2) Between $0 and $10 3) There is no VAR Question Efficient markets theory suggests 1) that you cannot use past or even current information to predict stock price movements 2) only experts can outperform the market 3) Both a and b