Question: Assume that arithmetic returns are distributed according to tdistribution with 5 degrees of freedom. Observed mean is 0.05 and standard deviation is 0.15. Portfolio is

Assume that arithmetic returns are distributed according to tdistribution with 5 degrees of freedom. Observed mean is 0.05 and standard deviation is 0.15. Portfolio is currently worth $500. Calculate the 95% VaR.

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