Question: 3. The following are 40 recent retums in the spot market on platinum that have been solted from highest to lowest return: 0.1776 0.1486


3. The following are 40 recent retums in the spot market on platinum that have been solted from highest to lowest return: 0.1776 0.1486 0.1129 0.0959 0.0932 0.0903 0.0813 0.0698 0.0649 0.0335 0.0295 0.0288 0.0269 0.0200 0.0192 0.0161 0.0093 0.0015 -0.0022 -0.0029 -0.0031 -0.0276 -0.0329 -0.0385 -0.0404 -0.0422 -0.0434 -0.0491 -0.0587 -0.0594 -0.0652 -0.0658 -0.0691 -0.0810 -0.0949 -0.1289 -0.1456 -0.1516 -0.1637 -0.2091 Find the 90% 4 month VAR for a $ 1 investment in platinum (show the answer in telms of dollars). (6 points)
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