Cornbelt Bank's trading portfolio has the following equity positions: long 1,250 shares of Rio Tinto,a London mining and basic materials company,at a price of $40.00;long 2,500 shares of Intel at a price of $32.50;long 3,500 shares of Exxon/Mobile at a price of $65.00;short 1,000 shares of Credit Suisse at a price of $35.75;and short of 500 shares of Intel.What is the amount of capital that Cornbelt is required to keep against this portfolio according to the Basel Standardized approach?

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The Answer of Cornbelt Bank's trading portfolio has the following equity positions: long 1,250 shares of Rio Tinto,a London mining and basic materials company,at a price of $40.00;long 2,500 shares of Intel at a price of $32.50;long 3,500 shares of Exxon/Mobile at a price of $65.00;short 1,000 shares of Credit Suisse at a price of $35.75;and short of 500 shares of Intel.What is the amount of capital that Cornbelt is required to keep against this portfolio according to the Basel Standardized approach?

Cornbelt Bank's Trading Portfolio Has the Following Equity Positions: Long