Series 7 - General Securities Representative Exam

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In a short account, the credit balance is $260,000. The SMV is $175,000 and the EQ is $125,000. What is the maintenance market value?

$85,000
A
$220,000
B
$50,000
C
$200,000
D

Explanations

To solve, just use the market value at maintenance formula. CR divided by 1.3 . CR / 1.3 = $200,000