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The expected return on a portfolio is 14%, and tht the returns have a standard deviation of 10%. Also, the returns are approximately normally distributed.

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The expected return on a portfolio is 14%, and tht the returns have a standard deviation of 10%. Also, the returns are approximately normally distributed. What would be the 1% "value at risk" (VaR) for this portfolio, if the size of the portfolio is $1 million? $372,500 $225,500 $24,500 $92,500

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