Assume that a firm is calculating Value at Risk (VaR) at the 3 sigma level. These calculations only focus on outcomes involving blank that lie blank the blank probability level. Returns calculations of this type typically use a blank curve whereas asset prices typically use a blank profile.

1 pointWhich of the following is a key advantage of using value at risk (VaR) as a market risk management tool for a trading portfolio

Return on investment (ROI) Blank______.Multiple choice question.is calculated by dividing the average net income for two years by the average total assetsis normally calculated using net income as the measure of the returnis sometimes referred to as return on equity (ROE)is calculated by dividing net income earned during the year by the total assets at the end of the year

Most companies compute the material price variance when materials are Blank______ and the material quantity variance when materials are

An indirect measure of risk that tells us how much a firm earned for each dollar invested by its owners is called Blank______.Multiple choice question.return on salesearnings per sharereturn on equitythe current ratio

Because they indicate a firm's financial health and stability, the use of Blank______ are key factors in management decision making.Multiple choice question.ledger entriesfinancial statementsannual reportstax returns