Question: Assume that Alliance Data Systems Corp has an annual expected profit of 220 million dollars and a historical standard deviation estimation of 220 million dollars

Assume that Alliance Data Systems Corp has an annual expected profit of 220 million dollars and a historical standard deviation estimation of 220 million dollars for its profit distribution. If the Value at Risk (VaR) level is set at 0.01 and corresponding Z-value is 2.33, find how much Alliance Data Systems Corp could potentially lose in millions of dollars for a given year.

A-- none of the answers is correct

B-- 156.23

C-- 282.60

D-- 355.03

E-- 292.60

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