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MAXWELL, Inc

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MAXWELL, Inc. is a U.S.-based exporting firm that expects to a receive payment of C$400,000 in five days. Today's spot rate is C$1.25/US$. Based on data for the last five years, Volusia estimates the standard deviation of daily percentage changes to be 0.3% for the Canadian dollar. What is the 5-day 99% VaR? Assume that returns are normally distributed with mean zero.