Today, you purchase 2500 shares of stock X at S25 per share and simultaneously sell SHORT1800 shares of stock Y at S33 per share. There are no trading commissions.Broker charges a 5% interest on loan balances and credits a 2.59% interest on any cash balance.Stock borrow fees are 1.5%. All rates are effective annual rates, and there are no dividends.

The margin requirements are 50% on both sides. Assume that the next trading date is threemonths from today, and there is no margin recalculation before the end of these three months.

What is the value of the account's equity today?

A56.430

B58.650

C60.950

D.62.090

How much loan interest will be payable in three months from today? A$384 B$389 C$394 D$399

How much stock borrow fees will be payable in three months from today?

A.S217 B 222 C 227 D.S232