A broker-dealer headquartered in Florida has a Net Capital requirement of $50,000. The firm has an office in Georgia, where the Net Capital requirement is $25,000 and an office in Tennessee where the Net Capital requirement is $35,000.
Under Uniform State Law, the Net Capital requirement for this broker-dealer is:
A. $25,000
B. $35,000
C. $50,000
D. $110,000
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