An
investor bought a stock on margin. The margin requirement was 60%, the
current price of the stock is $80, and the investor paid $50 for the
stock 1 year ago. If margin interest is 5%, how much equity did the
investor have in the investment at year-end? A) 67.7%. B) 73.8%. C) 60.6%. D) 55.0%
The correct answer was B) 73.8%. Margin debt = 40% × $50 = $20; Interest = $20 × 0.05 = $1. Equity % = [Value – (margin debt + interest)] / Value $80 - $21 / $80 = 73.8% 我觉得margin debt是50/0.6*0.4 啊; 请指点
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