Consider a portfolio that has $900,000 in shares of Starbucks Corporation (SBUX) stock. Assume that the estimated volatility of SBUX is 5% per day. Also, consider another portfolio consisting of $2,200,000 dollars position in Facebook (FB) stock, and suppose the daily volatility of FB is 9%. (a) Find the one-year 96% VaR of portfolio (SBUX) using the model-building approach. (b) Find the one-year 96% VaR of portfolio (FB) using the model-building approach. (c) Calculate the diversification benefits for a consolidated portfolio, if Starbucks and Facebook shares have a correlation of -0.33. (A) 1250607.61 (B) 1250607.63 (C) 1250607.55 (D) 1250607.59 (E) 1250607.57 : Select v 1 Part (a) choices. (A) 5502673.40 (B) 5502673.36 (C) 5502673.42 (D) 5502673.34 (E) 5502673.38 : Select v 1 Part (b) choices. (A) 1528195.18 (B) 1528195.20 (C) 1528195.16 (D) 1528195.14 (E) 1528195.22