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Which of the following is the interpretation of a VAR of $5 million for one year at .05. a. the probability is .05 that the

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Which of the following is the interpretation of a VAR of $5 million for one year at .05. a. the probability is .05 that the firm will lose at least $5 million in one year b. the probability is at least .05 that the firm will lose $5 million in one year c. the probability is .05 that the firm will lose $5 million in one year d. the probability is less than .05 that the firm will lose $5 million in one year e. none of the above

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