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Why is Value at Risk ( VaR ) a popular risk measure in finance? a . It provides a clear, quantifiable risk estimate. b .

Why is Value at Risk

(

VaR

)

a popular risk measure in finance?

.

It provides a clear, quantifiable risk estimate.

.

It is easy to understand and communicate.

.

It accounts for every type of financial risk.

.

It predicts exact future losses.

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