alleryStart learning →A one-day 5% VaR is also described as which confidence-level VaR?
A105% VaR
B5% VaR only
C50% VaR
D95% VaR
Answer & Solution
Correct answer: D. 95% VaR
The probability level is often stated as one minus the breach probability, so 5% VaR equals 95% VaR.
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