What is the correct interpretation of a EUR 5,000,000.00 one-week VaR figure with a 99% confidence level?

Question

Options

• AA loss of at least EUR 5,000,000.00 can be expected in 99 out of the next 100 weeks.
• BA loss of at most EUR 5,000,000.00 can be expected in 1 out of the next 100 weeks.
• CA loss of at most EUR 5,000,000.00 can be expected in 1 out of the next 100 days.
• DA loss of at least EUR 5,000,000.00 can be expected in 1 out of the next 100 weeks.

• A
  3% (1)
• B
  9% (3)
• C
  12% (4)
• D
  76% (25)

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