Calculate the one-day var for the asset

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Question 1: Assume that a risk manager has computed the weekly VaR (95%) of a particular asset to be $20,000. Calculate the 1-day VaR for this asset. Assume that 5 days per week.

Option 1: $ 4,000.0

Option 2: $ 2,857.1

Option 3: $ 8,944.3

Option 4: $ 44,721.4

Reference no: EM132606349

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