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Suppose you work for a UK bank and have a portfolio of Argosy Plc stocks with a total market value of USD25million and that the

Suppose you work for a UK bank and have a portfolio of Argosy Plc stocks with a total market value of USD25million and that the annual volatility has been around 25% per annum and that there are 252 trading days in a year. Calculate the 1 day Value at Risk (VAR) at 95% confidence level or 1.645 image text in transcribed . The ruling exchange rate is GBP 1 =US$1.344.

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