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Portfolio Manager Sally holds an equity portfolio with a value of $10.0 million and volatility of 18.0% per annum. She estimates it would require ten

Portfolio Manager Sally holds an equity portfolio with a value of $10.0 million and volatility of 18.0% per annum. She estimates it would require ten (10) trading days to liquidate the portfolio. If there are 250 trading days in a year, which is nearest to the 99.0% confident liquidity-adjusted VaR? a. $264,836 b. $433,725 c. $519,646 d. $623,080

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