Your portfolio is made up like this: you hold $60\%$ in the U$.$S$.$ stock market,

with a mean monthly return rate of $1\%$ and standard deviation $2\%$; you hold

$10\%$ in the global stock market, with a mean monthly return rate of $0\mathrm{.}6\%$ and

standard deviation $1\%$; you hold $30\%$ in risk$-$free assets with annual interest rate

$5\%.$ Assume normal distribution for the return rates of the stock markets. The

correlation between the U$.$S$.$ market and the global market is $0\mathrm{.}25.$ What is the

monthly VaR at a $99\%$ level for your portfolio if the portfolio value today is

$$100,000?$