- CFA Exams
- CFA Level I Exam
- Topic 9. Portfolio Management
- Learning Module 41. Measuring and Managing Market Risk
- Subject 1. Value at Risk
CFA Practice Question
The 5% VaR of a portfolio is $2.2 million over a one-day period. If a stock option is added, the VaR will become $2.1 million. The IVaR in this case would be ______.
B. $2.2 million
C. $0.1 million
A. $2.1 million
B. $2.2 million
C. $0.1 million
Correct Answer: C
The IVaR is the difference between the before and after VaR: 2.2 - 2.1 = $0.1 million.
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