Yousef, the risk management officer at Socit Gnrale Bank, is interested in calculating the VaR of a commodity that he is considering adding to the

Yousef, the risk management officer at Société Générale Bank, is interested in calculating the VaR of a commodity that he is considering adding to the bank’s portfolio. If the asset has a daily standard deviation of returns equal to 1.4% and the asset has a current value of $5.3 million, calculate the following:

 A. 1-day 5% VaR on both a percentage and dollar basis.

 B. 10-day 1% dollar VaR 

C. Annual 1% dollar VaR