A portfolio is composed of two securities and has the following characteristics: - Investment in X: USD 1.8 million - Investment in Y: USD 3.2 million - Volatility of X: 8% - Volatility of Y: 4% - Correlation between X and Y: 15% The portfolio diversified VaR at the 95% confidence level is closest to: | Financial Risk Manager Part 2 Quiz - LeetQuiz