Question
You are pessimistic about IBM so you sell short 50 shares at $42 per share. Assume the initial margin is 50%. You later buy
You are pessimistic about IBM so you sell short 50 shares at $42 per share. Assume the initial margin is 50%. You later buy back the shares at $50 per share. What is your return? 19% -19% -38% 38%
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Public Finance
Authors: John E. Anderson
2nd edition
978-0538478441, 538478446, 978-1133708360, 1133708366, 978-1111526986
