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RISK MANAGEMENT AND INSURANCE = 3) Suppose loss distribution follows a Nu = 2,000,02 = 20,000) distribu- tion (annual mean and annual variance) Find the

RISK MANAGEMENT AND INSURANCE
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= 3) Suppose loss distribution follows a Nu = 2,000,02 = 20,000) distribu- tion (annual mean and annual variance) Find the VaR with 95% 98% and 99% confidence levels for time horizons two days and two weeks. HINT: One year is equal to 225 working days

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