Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. as a portfolio manager for bank of america merrill

As a portfolio manager for Bank of America Merrill Lynch, you are managing a portfolio...

90.2K

Verified Solution

Question

Finance

image

As a portfolio manager for Bank of America Merrill Lynch, you are managing a portfolio of $48.50 million. You would like to estimate how much your portfolio might be losing over the next 9 trading days. Suppose the portfolio has a daily volatility of 2.5%. a. What is 9 day volatility? (sample answer: 15.50% or 0.1550) b. What is the VaR (in dollars) over a 9 day time period at a 95% confidence level? (Sample answer: $2.5 million; or $2,500,000.0)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Advance Math
1.2K views

Assume the carrying capacity of the earth is 15 billion. Use the 1960s peak annual growth rate...

Physics
1.2K views

discuss the history of heron's fountain in 100-200 words

Basic Math
1.2K views

A technician compares repair costs for two types of microwave ovens (type I and type II). He...

Biology
1.2K views

on 36 What do eosinophils and basophils and neutrophils share in common 1 they are...

Basic Math
1.2K views

Which of the following are causes of the increased irrationality in our society Post modernism...

Basic Math
1.2K views

If an insurance policy covers individual losses up to $10,000 and has a deductible of...

Statistics
1.2K views

Frequency 12 10 90 2 90 100 10 Question 2 11 2 101 111 121...

Algebra
1.2K views

Change the logarithmic statement to an equivalent statement involving an exponent log 39 x The...

Accounting
1.2K views

I need help with this ASAP! It has been three months since you graduated with...

Accounting
1.2K views

Face 2 Face Corporation reports 230 outstanding shares, 1,150 authorized shares, and 115 shares of...

Accounting
1.2K views

Details: This trip will depart at 6:00 p.m. on Friday after dinner and return at...

Accounting
1.2K views

Product Costs Bobs Bistro produces party-sized hoagie sandwiches. For next year, Bobs Bistro predicts that...