D. Star Bank uses back simulation approach for estimating market risk of its trading portfolio. Which of the following statements about the approach used by the bank is FALSE? Select one: A. OB. There is no need to calculate the correlations of asset returns. There is no requirement to synthetically generated more observations by simulation in order to improve the reliably of estimates O C. There is no need to assume a symmetric (normal) distribution for asset returns. O D. Calculations require assumption about the specific underlying distribution of asset returns, although the distribution need not be symmetric (normal)