CIRO CFO Practice Questions - Chief Financial Officer (CFO) Exam

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A Dealer Member has an audited balance sheet equity of $4,000,000 and has $1,000,000 in subordinated debt approved by CIRO. The firm has $800,000 in non-allowable assets and a total margin requirement of $1,200,000. What is the firm's Risk-Adjusted Capital (RAC)?
Correct Answer:
$$3,000,000

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