A bank holds a trading portfolio (long position) valued at $100,000. The daily returns on this portfolio are not independently distributed. Based on the bank's estimation, the DEAR for the bank’s portfolio is $3000. Further, based on an independent estimate, the bank estimates that over the 10-day horizon, the portfolio value could go up by 10% or go down by 8% with a 5% chance. What is the 10-day VAR?

What impact might an economic downturn have on a borrower’s fixed-rate mortgage? a. it might cause a borrower’s payments to go up. b. it might cause a borrower’s payments to go down. c. it has no impact because a fixed-rate mortgage cannot change. d. it has no impact because the economy does not affect interest rates.

From what part of income should someone take savings?

Tl & co. is following a related-linked diversification strategy, and soar inc. is following a related-constrained diversification strategy. how do the two firms differ from each other? a. soar inc. generates 70 percent of its revenues from its primary business, while tl & co. generates only 10 percent of its revenues from its primary business. b. soar inc. pursues a backward diversification strategy, while tl & co. pursues a forward diversification strategy. c. tl & co. will share fewer common competencies and resources between its various businesses when compared to soar inc. d. tl & co. pursues a differentiation strategy, and soar inc. pursues a cost-leadership strategy, to gain a competitive advantage.