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One of your portfolio managers has computed that your company's portfolio has a 5 % weekly VAR of $ 3 . 5 million. What does

One of your portfolio managers has computed that your company's portfolio has a 5% weekly VAR of $3.5 million. What does this number mean?
A)There is a 5% probability that the portfolio's weekly return is going to be -$3.5 million or better.
B)There is a 95% probability that the portfolio's weekly return is going to be -$3.5 million or worse.
C)There is a 95% probability that the portfolio's weekly return is going to be exactly -$3.5 million.
D)There is a 5% probability that the portfolio's weekly return is going to be -$3.5 million or worse.

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