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The net trading positions of EE Bank have a net value of $1,200 and a computed 1- day 99% VaR of $46,000. What is the

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The net trading positions of EE Bank have a net value of $1,200 and a computed 1- day 99% VaR of $46,000. What is the minimum percentage loss that would be considered a tail event for this portfolio? Note: Your answer in must be expressed in percentage terms and accurate to within 0.01%. E.g., if you find the minimum percentage loss is 12.34%, then put 12.34 as your

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