104. Your bank is using the internal models approach to estimate its general market risk charge. The multiplication factor ‘k’, set by the regulator, is 3 and banks are allowed to use the square root rule to scale daily VaR. The previous day’s one-day VaR estimate is EUR 3 million, and the average of the daily VaR over the last 60 days is EUR 2 million. Given the above information, what will be the market risk charge for your bank?

a.
EUR 9.49 million
b.
EUR 28.46 million
c.
EUR 6.32 million
d.
EUR 18.97 million


请教答案过程，谢谢！