John buys $280,000 of securities on Day 1. Regulation T would requires the customer to deposit a

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John buys $280,000 of securities on Day 1. Regulation T would requires the customer to deposit a margin of 50 percent, in payment for the securities.

Assume that on Day 2 the market value of the securities falls to $173,239. The minimum maintenance margin requirement for the account is 25 percent.

Calculate the dollar value of securities the firm will liquidate in the account to meet the maintenance margin call.

Round the answer to two decimals

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Sep 16, 2023 05:16 AM

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John buys $280,000 of securities on Day 1. Regulation T would requires the customer to deposit a

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