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Suppose each of two independent projects has a probability 90% of a loss of $3 million and 10% probability of a loss of $6.5 million
Suppose each of two independent projects has a probability 90% of a loss of $3 million and 10% probability of a loss of $6.5 million during a one-month period. The 90% VaR for the portfolio of two projects over a one-month period is
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