# Louis the analyst researches the Jazz fund over the last 1,500 days. He notices that 75 days had daily returns

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## Question:

Louis the analyst researches the Jazz fund over the last 1,500 days. He notices that 75 days had daily returns of -0.5% or less. The current value of the fund is $1 million.

What is the daily value at risk at a 95% probability level for the fund?

**Related Book For**

## Smith and Roberson Business Law

ISBN: 978-0538473637

15th Edition

Authors: Richard A. Mann, Barry S. Roberts

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**Question Details**

Chapter #

**47**Section: Cases

Problem: 3