Consider a portfolio consisting of a single stock with current value St = 100. Each year, the stock price either increases by 4% with probability 0.8 or decreases by 4% with probability 0.2. Compute V aRα for
α ∈ {0.7, 0.95, 0.96, 0.99} over a time horizon of two years

Match the scale and the actual area to the area of the corresponding scale drawing. scale: 1 inch to 4 feet actual area: 128 square feet scale: 1 inch to 7 feet actual area: 147 square feet scale: 1 inch to 8 feet actual area: 256 square feet scale: 1 inch to 5 feet actual area: 225 square feet area of scale drawing scale and actual area scale drawing area: 3 square inches arrowright scale drawing area: 8 square inches arrowright scale drawing area: 4 square inches arrowright scale drawing area: 9 square inches arrowright