Suppose that you believe that a stock's one-year expected return (i.e., mean) (continuous compounded) is 15% and that the one-year volatility (i.e., vol or standard deviation) is 24%. The stock's price is currently $35. Calculate the one year VaR (in terms of stock price) at 95%. Note, the stock does not pay dividends.

Please do it correct and thoughtful. The other post's answer is wrong here. Understanding this would help a lot to understand the concept.

The answer is $27.4 !! I need the way how you get to the answer. Thank you very much for your time! :)