5.At the end of Monday, the estimated volatility of asset A is 32%per year(rememberit's per year). On Tuesday asset X produces a return of 5%.An EWMA model with lambda equal to 0.8 is used.What is an estimate of the volatility of asset Xat the end of Tuesday?

Select one: a. 0.01% b. 2.87% c.0.00030 d. 0.95% e. 2.12%