Which of the following statements is CORRECT with respect to the determinants of credit value at risk (CVaR)? Select one: O a. The higher confidence level the firms have in withstanding losses, the lower the CVaR. O b. In most circumstances, the longer the time horizon that firms are concerned about losses, the larger the loss. O c. The typical shape of a loss distribution is not symmetric, i.e. there is a low probability of experiencing small losses and a high probability of having large losses. O d. B and C are both correct