[Solved] What is the 3-month VaR of a $10 million

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What is the 3-month VaR of a $10 million portfolio with normally distributed returns at the 5% level? Assume the annual expected return is 20%

What is the 3-month VaR of a $10 million portfolio with normally distributed returns at the 5% level? Assume the annual expected return is 20% and the annual standard deviation is 25%.

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