Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You have shorted 10 shares in a company at $88. The initial margin was 60% and the maintenance margin is 25%. A few days after

You have shorted 10 shares in a company at $88. The initial margin was 60% and the maintenance margin is 25%. A few days after the transaction, the company paid $1 dividends and after another few days, the shares price went to $95.

What is your percentage margin? Provide your answer in percent, rounded to two decimals, omitting the % sign.

On March 31, a company's share price is $42. On April 4th the company had a 2:5 reverse split and on April 7th it paid $0.4 dividend. What was the return for the company in the month of April, if its price at the end of April is $139? Provide your answer in percent rounded to two decimals omitting the % sign.

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

Step: 3

blur-text-image

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

Contemporary Issues In Development Finance

Authors: Joshua Yindenaba Abor, Robert Lensink, Charles Komla Delali Adjasi

1st Edition

1138324329, 978-1138324329

More Books

Students also viewed these Finance questions