Consider a position consisting of a $$100,000$ investment in asset A and a $$120,000$ investment in

asset B$.$ Assume that the daily volatilities of assets are $1\%$ and $1\mathrm{.}2\%$ and that the coefficient of

correlation between their returns is $0\mathrm{.}3.$ What is the $5-$day $99\%$ VaR for the portfolio? $($Hint:

$$

$(0\mathrm{.}01)=2\mathrm{.}326)$