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What is the VaR of a $55 million portfolio with normally distributed returns at the 5% VaR? Assume the expected return is 12% and the

What is the VaR of a $55 million portfolio with normally distributed returns at the 5% VaR? Assume the expected return is 12% and the standard deviation is 18%. What does this VaR mean for your investment. (read the answer choices carefully). 17.52%, maximum loss of $9.64 million 17.52%, maximum gain of $9.64 million -17.52%, maximum loss of $9.64 million -17.52%, minimum loss of $9.64 million -17.52%, minimum gain of $9.64 million

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