S. The following table shows static (i.e, non time-varying) means and standard deviations for the daily returns of Yum!, IBM, and Walmart during the past five years Yum! IBM Walmart 0.00025 0.0121 0.00052 0.0142 0.00014 0.0125 a) For a portfolio consisting of $10,000 in Yum stok, an investor faces a 0.05 probability of losing at lcast Saaccording to the Value at Risk (VaR) calculation. Note: gnorm(1-9.85)-1.645 b) For a portfolio consisting of $10,000 in IBM stock, an investor faces a 0.05 probability of losing at least renal, according to the VaR calculation. Note: qnorm( 1-e . e5)#1645 c) For a portfolio consisting of $10,000 in Walmart stock, an investor faces a 0.05 probability of losing at least-pocaS according to the VaR calculation. Note: gnorm(1-e.es)-1.645 d) Your client wishes to purchase S10,000 worth of shares in the least risky of the three stocks. You advise him to purchase YUM!/IBM/WALMART. (Circle the correct answer.) e) If, instead of VaR, you had instead calculated expected shortfall ES) in parts (a), (b), and (e), the ES numbers would be SMALLER/BIGGER than the VaR numbers