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CNC markets is a large investor in the stock market. The company holds a stock...

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Finance

CNC markets is a large investor in the stock market. The company holds a stock in its portfolio which has the
following discrete probability distribution of payoffs:
At a 99% confidence level, what is the expected shortfall?
(Please only provide the magnitude of Expected Shortfall, i.e. without a minus sign, and round your answer
to two decimal places in terms of millions of dollars - please do not show the $ sign in the answer. e.g. if the
answer is - $2.13 million, enter 2.13)
Answer:
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