59. Revised Question A portfolio manager is managing a diverse set of options and forward contracts for a non-dividend paying stock identified as TUV. The portfolio includes: - 5,000 deep in-the-money call options for TUV, - 20,000 deep out-of-the-money call options for TUV, - 10,000 forward contracts on TUV. The current price of TUV stands at USD 52. The portfolio operates within a trading year consisting of 252 days, with an annual volatility rate of 12%. Each option and forward contract is tied to a single share of TUV. In light of this information, which of the following values would closely approximate the 1-day 99% Value at Risk (VaR) for the portfolio? | Financial Risk Manager Part 2 Quiz