Using the attached code load closing prices data for SPDR Gold Shares (GLD), Financial Sector SPDR Fund (XLF) and SP500 (^GSPC) from finance.Yahoo for the period 2005-01-01 to 2020-04-05. Create the returns variable for each variable and plot graphs.

1. You have a portfolio of $1,000,000 of Gold stocks which are represented by the SPDR Gold Shares (GLD). What was the 99% one day Value at Risk for this portfolio when the market opened on Monday April 6, 2020? Show work.

1. Using the quantile from one year history it is? __________
2. Using the quantile from five-year history it is? __________
3. Using the quantile from ten-year history it is? __________
4. Using the quantile from the full data set it is? __________
5. Using the normality assumption and a GARCH(1,1) model, it is? __________
6. Using the GJR-GARCH model with normality, it is? __________

e) Using the GJR-GARCH model with bootstrapped residuals, it is? __________