Question 835 VaR, no explanation
A company has a 95% daily Value at Risk (VaR) of $1 million. The units of this VaR are in:
(a) Dollars ($).
(b) Dollars per day ($/day).
(c) Dollars per day squared ($/day^2).
(d) Dollars squared per day ($^2/day).
(e) Dollars squared per day squared ($^2/day^2).
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