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Paula Flox, global risk manager for Green Asset Management, wants to implement a stress testing program. She asks Richard Volk, a junior analyst, to prepare a report on stress testing. When she receives the completed report, Flox is extremely unhappy because it includes only one true conclusion. Which of Volk’s conclusions regarding stress testing is CORRECT? Stress analysis: A. is not useful for determining the probability of an expected loss. B. is weak when it comes to highlighting effects of inappropriate assumptions. C. can incorporate delta risks, but fails to account for gamma risks. |