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Question
A portfolio has a 2.5 percent chance of losing 16 percent or more according to the VaR when T = 1. This can be interpreted to mean that the portfolio is expected to have an annual loss of 16 percent or more once in every how many years?A. 1.0
B. 2.5
C. 25
D. 40
E. 100
Answer
This answer is hidden. It contains 16 characters.
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