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You are trying to measure the VAR of a $10m portfolio over the next year. The annual expected return is 12% and the annualized standard

You are trying to measure the VAR of a $10m portfolio over the next year. The annual expected return is 12% and the annualized standard deviation is 18%. What is the 1% VAR? -1,770,000 -180,000 -996,000 -2.994.000

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