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John buys $ 2 8 8 , 0 0 0 of securities on Day 1 . Regulation T would requires the customer to deposit a
John buys $ of securities on Day Regulation T would requires the customer to deposit a margin of percent, in payment for the securities Assume that on Day the market value of the securities falls to $ The minimum maintenance margin requirement for the account is 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.
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