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The 1-month loss is normally distributed with mean 1 ($ million) and standard deviation 2 ($ million). (a) Find the 1-month 99% VaR. (b) Find

The 1-month loss is normally distributed with mean 1 ($ million) and standard deviation 2 ($ million). (a) Find the 1-month 99% VaR. (b) Find the 1-month 99% ES.

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