Question: Interpret the following statements about value at risk so that they would be easily understood by a nontechnical corporate executive: a. VAR of $ 1.5

Interpret the following statements about value at risk so that they would be easily understood by a nontechnical corporate executive:
a. VAR of $ 1.5 million, one week, probability = 0.01.
b. VAR of $3.75 million, one year, probability = 0.05?

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