If the 10% VaR of some assets is -15%, it means that ______.

A. with 100%-10% = 90% probability (or 90% of the times), the return on the asset is -15%

B. with probability 10% (or 10% of the times), the return is above -15%

C. None of the provided answers is correct

D. returns are normally distributed

E. with 10% probability (or 10% of the times), the return on the asset is -15%

F. returns have a fat-tail distribution