there is an investment that has a 94% chance of making a profit of $3 million, a 2% chance of losing $2 million and a 4% chance of losing $10 million.

- The VaR for this investment with a confidence level of 95% is?

- The expected shortfall with a confidence level of 95% is?

Suppose there is another independent investment with a 93% chance of making $7 million and 7% chance of losing $13 million.

- The VaR for a portfolio consisting of the two investments with a confidence level of 95% is?

- With a confidence level of 95%, the chance of losing $23 million in total given a default is?

- With a confidence level of 95%, the chance of losing $15 million in total given a default is?

-The expected shortfall for a portfolio consisting of the two investments with a confidence level of 95% is?