ACI
3I0-012 · Question #526
3I0-012 Question #526: Real Exam Question with Answer & Explanation
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Question
If the daily 90% confidence level VaR of a portfolio is correctly estimated to be USD 5,000.00, one would expect that:
Options
- Ain 1 out of 10 days, the portfolio value will decline by USD 5,000.00 or less.
- Bin 1 out of 90 days, the portfolio value will decline by USD 5,000.00 or less.
- Cin 1 out of 10 days, the portfolio value will decline by USD 5,000.00 or more.
- Din 1 out of 90 days, the portfolio value will decline by USD 5,000.00 or more.
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