You have information on 153 returns of ABC. Among these, the lowest 10 returns are: Return -21% -22% -35% -38% -39% -45% -54% -56% -64% -68% Rank (Highest to Lowest) 144 145 146 147 148 149 150 151 152 153 Amber has currently $587,414 invested in stocks of ABC. What is Amber's VaR at the 4% level?
You have information on 153 returns of ABC. Among these, the lowest 10 returns are: Return -21% -22% -35% -38% -39% -45% -54% -56% -64% -68% Rank (Highest to Lowest) 144 145 146 147 148 149 150 151 152 153 Amber has currently $587,414 invested in stocks of ABC. What is Amber's VaR at the 4% level?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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You have information on 153 returns of ABC. Among these, the lowest 10 returns are: Return -21% -22% -35% -38% -39% -45% -54% -56% -64% -68% Rank (Highest to Lowest) 144 145 146 147 148 149 150 151 152 153 Amber has currently $587,414 invested in stocks of ABC. What is Amber's VaR at the 4% level? (i.e., the amount she could lose). Should be a negative number. Note: round to the nearest return before computing the $ amount.
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