Ultimate access to all questions.
Upgrade Now 🚀
Sign in to unlock AI tutor
In the context of a wealth management firm that oversees assets amounting to JPY 86 billion, determine the closest approximation to the daily Expected Shortfall (ES) at a 97.5% confidence level, utilizing the given daily Value at Risk (VaR) values.
A
JPY398million
B
JPY400million
C
JPY 484 million
D
JPY497million