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Suppose you invest all your wealth on the S&P 500 index, and returns on S&P 500 are estimated to be normally distributed with 10% mean

Suppose you invest all your wealth on the S&P 500 index, and returns on S&P 500 are estimated to be normally distributed with 10% mean and 30% standard deviation over the next year.

What is the one-year VaR of your investment with 99% confidence interval?

How to interpret the VaR in words?

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