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NEW QUESTION: 1
A. Option B
B. Option C
C. Option D
D. Option A
E. Option E
NEW QUESTION: 2
If the daily 90% confidence level VaR of a portfolio is correctly estimated to be USD 5,000.00, one would expect that:
A. in 1 out of 10 days, the portfolio value will decline by USD 5,000.00 or less.
B. in 1 out of 10 days, the portfolio value will decline by USD 5,000.00 or more.
C. in 1 out of 90 days, the portfolio value will decline by USD 5,000.00 or more.
D. in 1 out of 90 days, the portfolio value will decline by USD 5,000.00 or less.