The following GARCH (1,1) model is used to forecast the daily return variance of an asset:
  Suppose the estimate of the volatility today is 6.0% and the asset return is -3.0%. What is the estimate of the long-run average volatility per day?
  A.        1.12%
  B.        1.29%
  C.        1.85%
  D.        1.91%
  Answer: A