21 What is the approximate VaR for the bond position at a 99% confidence interval
(equal to 2.33 standard deviations) for one month (with 21 trading days) if daily
yield volatility is 1.50% and returns are normally distributed?
A $1,234,105
B $2,468,210
C $5,413,133
关于VaR的计算：2.33*1.5%* √21 =0.16，但是为什么答案和老师都说变动是16bp呢？相差的100倍怎么理解？
