2. Practice with VaR. Explicitly compute VaR(L) assuming L has the following distributions/probability distribution functions (pdfs). (a) (7 Points) L is a "double-sided" exponential with threshold l0 in that L has pdf f(l)=aebl0+beal0ab(eall1ll0+ebll1l>l0);lR where a,b>0. Here, you may assume b/(b+ae(a+b)l0). (b) (6 Points) L is a binomial random variable with n number of trials and p probability of success on any given trial. Give an explicit answer when n=6,p=1/2 and =.9. (c) (7 Points) L=Y/Z where Y and Z are independent exponential random variables with means 1/ (for Y ) and 1/( for Z )