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The following are highly ranked losses for the 700 different scenarios under the historical simulation. What is the 5-da

Posted: Fri Mar 04, 2022 9:36 am
by answerhappygod
The following are highly ranked losses for the 700 different
scenarios under the historical simulation. What is the 5-day 99%
VaR?
Scenario Number
Loss ($000s)
494
477.841
339
345.435
349
282.204
329
277.041
487
253.385
227
217.974
131
202.256
238
201.389
473
191.269
306
191.050
477
185.127
495
184.450
376
182.707
237
180.105
365
172.224


A. $452,258
B. $202,256
C. $566,586
D. $253,385
Please show steps as to how you got the answer, thanks!