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Your estimation of the 1% value at risk of a portfolio is 10%. If you estimate the portfolios fifth-percentile VaR (the value below which lies
Your estimation of the 1% value at risk of a portfolio is 10%. If you estimate the portfolios fifth-percentile VaR (the value below which lies 5% of the returns), the 5% VaR will be greater than 10%.
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The Concise Guide To Mergers Acquisitions And Divestitures Business Legal Finance Accounting Tax And Process Aspects
Authors: R. Brown
1st Edition
0230600786,0230608949
