You Invest $100 Each in Two Bonds $- 20$
B) Zero

You invest $100 each in two bonds. Each bond will pay you $110 at the end of the year with probability 0.98 and nothing with probability 0.02. The correlation between the bonds is zero. In this scenario, the 99%-VaR of your portfolio is

A) $- 20$ .
B) Zero.
C) $90
D) $200