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I want answer with explanation... I'll upvote you... What is the correct interpretation of a daily VaR (DVaR) of $5 million, with a confidence level

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What is the correct interpretation of a daily VaR (DVaR) of $5 million, with a confidence level of 95%? The institution...

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A. You can expect to lose at most $5m. in 19 of the next 20 days. B. You can expect to lose at least $5m. in 1 of the next 20 days. C. You can expect to lose at least $5m. in 19 of the next 20 days. D. You can expect to lose at most $5m. in 1 of the next 20 days. E. Answers A and B are correct. F. Answers C and D are correct.

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