
Explanation:
Therefore,
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Q.3144 Jack Wills is a portfolio manager at a sovereign wealth fund. His portfolio has a VaR of $8,000,000. The portfolio is made up of investments in four companies: Sahara Petroleum, Burki Refinery, Dumsim Drillers, and RedSea Exploration. The four company assets are equally weighted within the portfolio with each position valued at $10,000,000:
Based on the above information, what is the marginal VaR of Burki Refinery?
A
0.8
B
0.14
C
1.12
D
0.28
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