Question: Given a portfolio with a 9 7 . 5 % one - day VaR of $ 8 , 0 0 0 , what can be

Given a portfolio with a 97.5% one-day VaR of $8,000, what can be inferred about the
Expected Shortfall (ES) if the portfolio has heavy-tailed risk characteristics?
Given a portfolio with a 97.5% one-day VaR of $8,000, what

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