Question: Based on historical data, you calculated the loss probabilities. Suppose that each of the two projects has: 4% chance of a loss of $10 million,

Based on historical data, you calculated the loss probabilities. Suppose that each of the two projects has: 4% chance of a loss of $10 million, 2% chance of a loss of $1 million 94% chance of a profit of $1 million. What is the Value at Risk for one of the projects when the confidence level is 99%

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