Sample Questions: 27

Question 1 of 10

A broker-dealer enters into a reverse repurchase agreement with another dealer in a risk trade for a 15-year Treasury Bond, which the dealer takes into custody. The contract price for resale, not including accrued interest of $21,000, is $1,031,000 while the current market value of the bonds is $1,030,000. Under Rule 15c-3-1, the charge to net capital is: