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The monthly returns on a stock assumed to be independent and normally distributed with mean 0.009 and standard deviation 0.006. Suppose that you have today

The monthly returns on a stock assumed to be independent and normally distributed with mean 0.009 and standard deviation 0.006. Suppose that you have today 1200 euros of this stock. The 3% Expected shortfall for this position, until next month, is approximately equal to:

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