Using the information from the table below, in dollar terms what is the value at risk associated

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Using the information from the table below, in dollar terms what is the value at risk associated with a $1,000 investment?
The value at risk is $ _____?
$1129 or $129
They both are wrong answers!
State of the Economy Return Probability High Growth 0.2 +30% Normal Growth 0.7 +12% Recession -15%I 0.1
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Auditing a risk based approach to conducting a quality audit

ISBN: 978-1133939153

9th edition

Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg

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