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Feedback for ABC Bank trading book daily mark-to-market profit & loss (P&L) for thelast 300 days. The ten worst losses were (in millions): 17.0, 16.0, 15.0, 14.0, 13.0, 9.0, 8.0, 7.0, 6.0, 5.0. What is the historical 99.0% daily expected shortfall?

Incorrect solution. ES will be calculated using only the worst 2 outcomes. In this question, VaR = 15M, ES = (17+16)/2 = 16.5M. Please please please work on making better quiz. It has been an absolutely horrible experience so far, one cannot rely on your material for preparing for the exam because it’s loaded with errors. 

Location: F1B4C1 Measures of Fin Risk Quiz

Incorrect solution. ES will be calculated using only the worst 2 outcomes. In this question, VaR = 15M, ES = (17+16)/2 = 16.5M. Please please please work on making better quiz. It has been an absolutely horrible experience so far, one cannot rely on your material for preparing for the exam because it’s loaded with errors. 

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