Question: Problem 9 Intro The current exchange rate between the yen (M) and the U.S. dollar is $0.0089 per . The yen is expected to depreciate

Problem 9 Intro The current exchange rate between the yen (M) and the U.S. dollar is $0.0089 per . The yen is expected to depreciate by 0.3% per day against the dollar and the standard deviation of the of daily percentage changes in the yen against the dollar is 0.1% Part 1 Attempt 1/10 for 10 pts. What is the maximum one-day depreciation of the yen against the dollar with a 95% confidence level (VaR5%)? 5+ decimals Submit Part 2 Attempt 1/10 for 10 pts. What is the expected value of the yen if the maximum one-day loss from the previous part occurs (in $ per V)? 4+ decimals Submit

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