Use the information from question 1 to answer questions 2-5.

1. If the Annual Volatility of Stock XYZ = 24%, then what is XYZ's daily volatility? 1.512% =0.24/(SQRT(252) 2. If you are holding a $300,000,000 ($300 million) position in Stock XYZ, what is the annual volatility (or annual o = annual standard deviation) of XYZ in dollars ($'s)? 3. If you are holding a $300,000,000 ($300 million) position in Stock XYZ, what is the daily volatility (or daily o = daily standard deviation) in dollars ($'s)? 4. What is the 1-day, 95% VaR for a $300 million equity position in Stock XYZ if Stock XYZ's annual volatility is 24%? [Use the Excel NORM.INV() function]. 5. What is the 9-day, 98% VaR of a $300 million equity position in Stock XYZ if Stock XYZ's annual volatility is 24%