(Solution) - A securities firm has the following balance sheet in millions The -(2025 Original AI-Free Solution)

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A securities firm has the following balance sheet (in millions):

The debt securities have a coupon rate of 6 percent, 20 years remaining until maturity, and trade at a yield of 8 percent. The equity securities have a market value equal to book value, and the other assets represent building and equipment which was recently appraised at $80 million. The company has 1 million shares of stock outstanding and its price is $35 per share. Is this company in compliance with SEC Rule 15C 3-1?