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You are tasked with finding 1% Value at Risk based on about two years of historical returns (500 daily observations) using Weighted Historical Simulation. Ten

You are tasked with finding 1% Value at Risk based on about two years of historical returns (500 daily observations) using Weighted Historical Simulation. Ten smallest returns over this period are presented in Table 1, along with the time index of the day of observation (1 being the earliest observation and 500 being today's observation). Please report the conservative 1% VaR using Weighted Historical Simulation with the weigting parameter=0.94

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