One of your clients has a combined margin account with the following dollar figures: Long market value = $30,000 Short market value = $25,000 Debit balance = $18,000 Credit balance = $40,000 Long account SMA = $1,500 With Regulation T set at 50%, what is the combined equity in your client’s account?
(A) $25,500
(B) $27,000
(C) $28,500
(D) $30,000
