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The probability density function (PDF) for daily profits at ABC Inc. can be described by the following piecewise function (see figure below),p= 8/100for 100p= 2/100for
The probability density function (PDF) for daily profits at ABC Inc. can be described by the following piecewise function (see figure below),p= 8/100for 100p= 2/100for 0+10
a) What is the one-day 99% VaR for ABC Inc.?
b) What is the one-day 99% ES for ABC Inc.?
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