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The Value at Risk approach: (choose one) a. chooses the valuable large outcome over small in a portfolio b. determines the highest expected value of
The Value at Risk approach: (choose one) a. chooses the valuable large outcome over small in a portfolio b. determines the highest expected value of terminal wealth in a portfolio. c. only looks at the likelihood of bad outcomes. d. involves a trade-off of expected return and a bad outcome in a portfolio
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