Question
Which of the following statements is not correct? A) A 1% VaR implies a downward move of 1%. B) A 5% VaR implies a move
Which of the following statements is not correct?
A) A 1% VaR implies a downward move of 1%. B) A 5% VaR implies a move of 1.65 standard deviations less than the expected value. C) A one standard deviation downward move is equivalent to a 16% VaR.
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Managerial Accounting
Authors: Hartgraves And Morse
6th Edition
1934319805, 978-1934319802
