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You make an investment to 6 independent financial tools. Each tool has a %60 chance to make a profit of 50.000 TL and %40 chance
You make an investment to 6 independent financial tools. Each tool has a %60 chance to make a profit of 50.000 TL and %40 chance to make a loss of 30.000 TL in the next 10 days. Please calculate value at risk (VaR) for the next 10 days in %95 confidence interval. Answer: 20.000b
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