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    Market Risk - Chapter 6, page 121, 10-day VaR

    Hi On page 121 in the market risk book, "The number $1.7486 million is the 10-day VaR on a 99% confidence level. This means that on average once in a hundred 10-day periods (so once every 1,000 days) this VaR number of $1. 7486 million will be exceeded. If we have roughly 250 trading days in a...
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