The management of an investment company would like to know the riskfulness of their investment portfolio. The management has forwarded to you the following data for your evaluation. Consider the following three securities and the relevant data on each.

Required: Given that the following proportions were assigned to each stock in the portfolio? Stock 1= 0.6 Stock 2= 0.4 Determine the 10-days 99% Value at Risk for this portfolio given that the portfolio is worth Kshs. 250 million (At 99% confidence N~ (-2.33))

Probability	Stock 1% return	Stock2% return
0.2	10	22
0.3	13	18
0.1	15	14
0.2	17	10
0.2	20	8