What is the correct interpretation of a $3 milion overnight VaR figure with 99% confdence level?A. The institution can be expected to lose at most $3 million in 1 out of next 100 days B.The institution can be expected to lose at least $3 million in 95 out of next 100 days C.The institution can be expected to lose at least $3million in 1 out of next 100 days D.The institution can be expected to lose at most $6 milion in 2 out of next 100 days

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