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The VaR at a 95% confidence level is estimated to be 1.56 from a historical simulation of 1,000 observations. Which of the following statements

The VaR at a 95% confidence level is estimated to be 1.56 from a historical simulation of 1,000 observations.

The VaR at a 95% confidence level is estimated to be 1.56 from a historical simulation of 1,000 observations. Which of the following statements is most likely true? O The parametric assumption of normal returns is correct O The historical distribution has thinner tails than a normal distribution O The historical distribution has fatter tails than a normal distribution The parametric assumption of lognormal returns is correct

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