Answer: 2,297,854

**Calculation:** Annual VaR = Daily VaR × √(number of trading days) × √(variance scaling factor) × confidence multiplier Given: - Daily VaR = 6,247,000 - Number of trading days = 250 - Variance scaling factor = 0.0002 - Confidence multiplier = 1.645 Annual VaR = 6,247,000 × √250 × √0.0002 × 1.645 = 6,247,000 × 15.8114 × 0.01414 × 1.645 = 2,297,854 The solution confirms: "Annual VaR = 6,247,000 × (250^0.5) × (0.0002^0.5) × 1.645 = 2,297,854"

Author: LeetQuiz Editorial Team