85）An investor buys stock on margin and holds the position for exactly one year.
shares purchased 700
purchase price $22/share
call money rate 4%
dividend $0.6/share
leverage ratio 1.6
total return on the investment 12%
Assuming that the interest on the loan and the dividend are both paid at the end of the year, the price at which the investor sold the stock is closet to:
A $23.05 B $23.38 C $23.98作者: apf薛老师 时间: 2013-9-17 03:42
把这道题当成是一个算HPY的问题。
首先：由leverage ratio 1.6 可以得出 Initial Margin = 1/1.6=0.625，所以借款部分为1-0.625=0.375
