Suppose that the standard deviation of daily returns for a stock in the past quarter is 1.6 percent, and that the expected daily return of the stock is 0.01 percent. Using a 98 percent confidence interval, if the daily returns are normally distributed, the lower boundary is approximately 2.326 standard deviations away from the expected outcome. Using the value-at-risk method, the maximum percentage one-day loss based on a 98 percent confidence level is: -4.009 percent -3.712 percent -3.564 percent -3.304 percent Suppose an investor has $14 million invested in that stock. The maximum one-day loss is estimated to be: -$441,728 -$478,106 -$519,680 -$576,845 Grade It Now Save

answer; trojan horse;

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.