7. John is preparing a presentation on the attributes of value at risk. Which of John's following statements is not correct? A. VaR can account for the diversified holdings of a financial institution, reducing capital requirements. B. VaR (10%) = $0 indicates a positive dollar return is likely to occur on 90 out of 100 days. C. VaR (1%) can be interpreted as the number of days that a loss in portfolio value will exceed 1%. D. VaR was developed in order to more closely represent the economic capital necessary to ensure commercial bank solvency