Value at risk will most likely decrease if _____.

• A. the level of confidence increases (e.g., from 95% to 99%)
• B. the periodic standard deviation of the underlying interest rate decreases (e.g., from 0.4% to 0.3%)
• C. the time period over which VAR is measured increases (e.g., from two weeks to a month)
• D. the asset's duration increases (e.g., you are considering a different bond with higher duration)
• E. all of the above