MMC Bank has an equity trading portfolio that consists of long positions of 2,750 shares of McDonald's Corp at a price of $97.50; 3,500 shares of Duke Energy at a price of $65.00; and 1,000 share of the Swiss firm USB Bancorp at a price of $47.50.In addition the bank has sold short 1,500 shares of the Japanese technology firm Sony at a price of $32.00 and 750 shares of McDonald's Corp.What is the amount of capital that MMC Bank is required to keep against this portfolio according to the Basel Standardized approach?
A)$135,360.52
B)$98,373.59
C)$36,987.33
D)$116,044.60
E)$102,843.33

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The Answer of MMC Bank has an equity trading portfolio that consists of long positions of 2,750 shares of McDonald's Corp at a price of $97.50; 3,500 shares of Duke Energy at a price of $65.00; and 1,000 share of the Swiss firm USB Bancorp at a price of $47.50.In addition the bank has sold short 1,500 shares of the Japanese technology firm Sony at a price of $32.00 and 750 shares of McDonald's Corp.What is the amount of capital that MMC Bank is required to keep against this portfolio according to the Basel Standardized approach?
A)$135,360.52
B)$98,373.59
C)$36,987.33
D)$116,044.60
E)$102,843.33

MMC Bank Has an Equity Trading Portfolio That Consists of Long