Given the following short sample of hypothetical returns, compute the 10% & 20% VaR using HS

Time	Returns
1	1.92
2	0.53
3	-0.40
4	0.50
5	-0.53
6	0.08
7	-0.02
8	-2.77
9	2.02
10	-0.15
11	-0.78
12	0.85

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Here are the steps to compute the 10 and 20 VaR using the Historical Simulation HS method for the gi... View the full answer