Question: (b) Using a real-life practical scenario within the context of business administration and using appropriate referencing compare and contrast: (i) Value-at-Risk (ii) Expected shortfall (iii)

(b) Using a real-life practical scenario within the context of business administration and using appropriate referencing compare and contrast:

(i) Value-at-Risk

(ii) Expected shortfall

(iii) Profit-at-risk

Use Excel to compute the different measures and detail the steps clearly.

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