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Why is the answer a. How did they compute it 2. mln) : A trading position has the following distribution of daily profits and losses

Why is the answer a. How did they compute it

2. mln) : A trading position has the following distribution of daily profits and losses (in \$ What is ES(0.95;1), i.e. the daily expected shortfall at the 95% confidence level for this position? (a) 440 (b) 800 (c) 400 (d) 620

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