please answer both questions

Using the following information for the next two questions Cerra Co. expects to receive 5 million euros tomorrow as a result of selling goods to the Netherlands. Cerra estimates the standard deviation of daily percentage changes of the euro to be 1 percent over the last 100 days. Assume that these percentage changes are normally distributed. Use the value-at-risk (VAR) method based on a 95% confidence level (t=1.65) for the following question(s). 19. What is the maximum one-day loss if the expected percentage change of the euro tomorrowis 0.5% ? a. 0.5% b. 2.2% c. 1.5% d. 1.2% 20. What is the maximum one-day loss in dollars if the expected percentage change of the euro tomorrow is 0.5% ? The current spot rate of the euro (before considering the maximum one-day loss) is $1.01. a. $75,750. b. $60,600. c. $111,100. d. $25,250