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Suppose you are using the volatility-weighted historical simulation approach to estimate value at risk (VaR) and expected shortfall (ES) for asset Y. The actual return for the asset 30 days ago was 1.5% with a daily volatility estimate of 1.0%. What is the volatility-adjusted return if the current daily volatility is 1.4%?
A
0.9%
B
1.6%
C
1.8%
D
2.1%