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Question: investment a common stock general motors position value 500000 average...

Question details
Investment A
Common stock: General Motors
Position value: $500,000
Average daily log return %: 0%
σ (SD) of daily log return %: 0.88%
Confidence Interval: 95%
Time period: 10 days
10 days VaR%: 4.47%

Investment B
Common stock: Exxon Mobil
Position value: $10,000,000
Average daily return %: -0.06%
σ (SD) of daily return %: 1.61%
Confidence Interval: 99%
Time period: 5 days
5 days VaR%: 8.28%

Which of the two VaR numbers is the higher % of the position value? Explain why.
Note: The returns used in the example are log-returns.
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