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Simple VaR time transform A commodity - trading firm has a portfolio with a 1 7 - day Value at Risk ( VaR ) of

Simple VaR time transform
A commodity-trading firm has a portfolio with a 17-day Value at Risk (VaR) of $9.5 million. What would be an appropriate translation of this VaR to a 5-day horizon under normal conditions?
$ million
Round your answer to two decimal places. Ignore the negative sign.
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