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Here is information about the prices of IBM stock: Date Price 31 Jan 2001 150 28 Feb 2001 145 31 Mar 2001 140 IBM paid
Here is information about the prices of IBM stock: Date Price 31 Jan 2001 150 28 Feb 2001 145 31 Mar 2001 140 IBM paid a dividend of $5 per share on 17 Feb 2001. On 28 Feb 2001, I shorted $15,000 worth of IBM and invested $20,000 in my bank account which pays 5% per month. I close out all my positions on 31 Mar 2001. How much approximately do I have on that date? (A) 5,000 (B) 5,197 (C) 6,517 (D) 7,000 Here is information about the prices of IBM stock: Date Price 31 Jan 2001 150 28 Feb 2001 145 31 Mar 2001 140 IBM paid a dividend of $5 per share on 17 Feb 2001. On 28 Feb 2001, I shorted $15,000 worth of IBM and invested $20,000 in my bank account which pays 5% per month. I close out all my positions on 31 Mar 2001. How much approximately do I have on that date? (A) 5,000 (B) 5,197 (C) 6,517 (D) 7,000
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