Based on a 90% confidence level, how many exceptions in backtesting a VAR would be expected over a 250-day trading year? a. 10 b. 15 c. 25 d. 50

International Financial Management
14th Edition
ISBN:9780357130698
Author:Madura
Publisher:Madura
Chapter9: Forecasting Exchange Rates
Section: Chapter Questions
Problem 19QA
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Based on a 90% confidence level, how many exceptions in backtesting a VAR would be expected over a 250-day trading year?

a. 10

b. 15

c. 25

d. 50

Continuing with the previous question, what is the annualized rate of return earned on a cash-and-carry trade entered into in March and closed out in June?

a. 9.8%

b. 8.9%

c. 39.1%

d. 35.7%

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