10 free Series 28 practice questions in the real exam format, covering the official content areas, with an explanation for every answer.
Series 28 Practice Test 15Tutor mode
Question 1 of 10
Customer Protection, Funding and Cash Management
Whitlock Securities holds a $200,000 secured demand note, with the collateral listed below. Under Appendix D, SDN collateral is valued at market value less the 15c3-1 haircuts, except that equity securities take a flat 30% reduction instead of 15%. The Treasury notes take a 3% haircut. By how much, if at all, does the collateral value fall short of the unpaid principal?