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Financial Risk Manager Part 1

Financial Risk Manager Part 1

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A risk manager is tasked with calculating the Value at Risk (VaR) for an investment fund. To do so, they use a dataset consisting of 50 weekly returns. From this data, they determine that the mean weekly return is 8% and the standard deviation of these returns is 17%. Assuming that the weekly returns are independent and identically distributed, calculate the standard deviation of the average weekly return for the fund.

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