Assuming daily and 10-day returns follow a normal
A bank reports a daily 95% VaR as $18,000. Assuming daily and 10-day returns follow a normal distribution, calculate the 99% 10-day VaR.
Present your answers with two decimal places.
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a bank reports a daily 95 var as 18000 assuming daily and 10-day returns follow a normal distribution calculate the 99
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