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Suppose you are a money manager. Suppose, too, that you take the last 99 end-of-closing-day changes in portfolio value and sort them from highest to

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Suppose you are a money manager. Suppose, too, that you take the last 99 end-of-closing-day changes in portfolio value and sort them from highest to lowest. The bottom 10 changes in value are shown below. According to the historical simulation method of estimating VaR, what is your company's daily VaR at the 5% level? What is one of the big problems with using VaR as a financial risk measure

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