medium · Frm Part 2 Liquidity & Treasury Risk

A bank calculates its 95% monthly VaR to be $2.10m for a corporate bond position.

If the spread has a mean of 60 bps and a volatility of 35 bps, what is the Liquidity-adjusted VaR (LVaR) using a 3-sigma spread stress multiplier for a $50m position?

  1. $2.9250m
  2. $2.1825m
  3. $1.6875m
  4. $2.5125m

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