Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

20 14 age Time left 0:45:52 You short-sell 100 shares of stock and put in 1/4 of the initial value of the shares as your

20 14 age Time left 0:45:52 You short-sell 100 shares of stock and put in 1/4 of the initial value of the shares as your equity a.k.a. "margin deposit." Subsequently, the shares that you shorted experience a return of 23%. What was the return on your equity for this short-sale? Write a gain as a positive number and a loss as a negative number and go out two decimals - for example, write 26% as .26. Answer: Next pe

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Personal Financial Planning

Authors: Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk

15th Edition

978-0357438480, 0357438485

More Books

Students also viewed these Finance questions

Question

=+Construct a data- and research-driven SWOT analysis

Answered: 1 week ago

Question

=+Who are our customers?

Answered: 1 week ago

Question

=+What are our goals presently?

Answered: 1 week ago