15. The profit calculation in the chapter assumes that you borrow at a fixed interest rate to...
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15. The profit calculation in the chapter assumes that you borrow at a fixed interest rate to finance investments. An alternative way to borrow is to short-sell stock. What complications would arise in calculating profit if you financed a \($1000\) S&R index investment by shorting IBM stock, rather than by borrowing \($1000?\)
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Derivatives Markets Pearson New International Edition
ISBN: 978-1292021256
3rd Edition
Authors: Robert L. Mcdonald
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