Question: There is a portfolio whose current value is $2 million. Its daily return is normally distributed with a mean of 2% and a standard deviation

There is a portfolio whose current value is $2 million. Its daily return is normally distributed with a mean of 2% and a standard deviation of 0.7.

A.Compute the daily 99% and 95% VaRs of a portfolio

B.Interpret the results

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