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P3 Test Chapter 4 ( Question 2 &3)

Forums › Ask CIMA Tutor Forums › Ask CIMA P3 Tutor Forums › P3 Test Chapter 4 ( Question 2 &3)

  • This topic has 1 reply, 2 voices, and was last updated 7 years ago by Ken Garrett.
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    Posts
  • October 19, 2017 at 12:22 pm #412460
    motlanalo
    Member
    • Topics: 2
    • Replies: 2
    • ☆

    Hi. I am stuck on Question 2 & 3. VaR. Please see my workings below and advise where I went wrong.Perhaps

    Q2.
    1 day 95% VaR = 1.65 x $1m = $1 650 000

    Q3.
    1 day 99% VaR = 2.33 x $1m = $2 330 000
    therefore 9day VaR = 1day VAR x ^9
    = 2 330 000 x 3
    =6 990 000

    October 20, 2017 at 10:49 am #412573
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10591
    • ☆☆☆☆☆

    See my answer to your posting at the test.

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