A company reports a one-week VaR of $1 million at the 95% confidence level. Which of the following statements is most likely to be true?
A company reports a one-week VaR of $1 million at the 95% confidence level. Which of the following statements is most likely to be true? A.The daily return on the company portfolio follows a normal distribution so that a one-week VaR could be computed.; B.The one-week VaR at the 99% confidence level is $5 million.; C.With probability 5%, the company will lose $1 million or more in one week.; D.With probability 95%, the company will not experience a loss greater than $95 million in one week.