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R&K does business in Asia. It has currency holdings in the Indonesian rupiah and the Thai baht. They have calculated that the standard deviation of

R&K does business in Asia. It has currency holdings in the Indonesian rupiah and the Thai baht. They have calculated that the standard deviation of their currency portfolio is 0.05 (about 6.43%). Calculate value at risk at a 90% CL if the dollar value of these holdings is $650,000.

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