Suppose that each of two investments has a 4% chance of a loss of $10 million, a 2% chance of a loss of $1 million, and a 94% chance of a profit of $1 million. They are independent of each other. What is the VaR for one of the investments when the confidence level is 95%?（ ）
A: $1 million
B: $10 million
C: $8.2 million
A: $1 million
B: $10 million
C: $8.2 million
举一反三
- Bangkok has a population of ______. A: 1 million B: 5 million C: 8 million D: 10 million
- A country has been in existence for only two years. In the first year, tax revenues were $1.0 million and outlays were $1.5 million. In the second year, tax revenues were $1.5 million and outlays were $2.0 million. At the end of the second year, the total government debt was ________. A: $0.5 million B: $1 million C: $2.5 million D: $3.5 million
- Most experts agree that millions of cases of cancer could be prevented every year by considering environmental factors. How many million? A: 1 million B: 2 million C: 3 million D: 4 million
- Initial Investment Cash flowProject A $35 million $14 million per year for four yearsProject B $21 million $7 million per year for five years Project C $14 million $7 million per year for four years Project D $21 million $10.5 million per year for three years An investor has a budget of $35 million. He can invest in the projects shown above. If the cost of capital is 8%, what investment or investments should he make? A: Project A B: Project B C: Project B and Project C D: Project C and Project D
- In a firm， if the net sales are 200 million dollars， the cost of goods sold is 50 million dollars， what is the gross profit？（ ） A: 300 million dollars B: 250 million dollars C: 350 million dollars D: 150 million dollars