Which of the following is closest to the value of total risk weighted assets (RWA) required under Basel I for a bank that has the following transactions with a corporation. Assume no netting.

A five-year exchange rate swap with a notional principal of $350 million and a current market value of $4.2 million.

A three-year Gold swap with a notional principal of $500 million and a current value of -$5.5 million.

A nine-month equity derivative with a principal of $75 million that is currently worth $2.7 million.

Note: This question asks you to calculate RWA, which is 50% of the credit equivalent amount.

a) $21.4 Million

b) $26.95 Million

c) $53.90 Million

d) $78.32 Million