Question: Question II: VaR (10 Points 5 each) You have a $100,000 investment in the Trump International Value Investment Fund. a. First, suppose that a fund

Question II: VaR (10 Points 5 each) You have a $100,000

Question II: VaR (10 Points 5 each) You have a $100,000 investment in the "Trump International Value Investment Fund." a. First, suppose that a fund manager announces that the fund's one-month 95% VaR is 6% of the size of the portfolio. How do you interpret this announcement? b. Now suppose that a fund manager announces that the fund' s one-month 95% expected shortfall is 6% of the size of the portfolio. How do you interpret this announcement

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