Assume an FI's daily earnings at risk are $5000 and that the FI is required to hold its position for 10 days. What is the position's VAR (round to two decimals) ?
A) $5000 = $15 811.39
B) $5000 = $15 000.00
C) 10 = $707.11
D) (10 - 1) = $636.40
Correct Answer:
Verified
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