according to my understanding: IMR=400*$25*0.5=$5000 MMR=400*$25*0.25=$2500 Investor go short, and pay 0.5cent divident, which is total 400*0.5=$200 Investor cashflow: $5000-$200=$4800, and each $1 increase in share, the investor lose $400, so when will he reach $2500 in account? when share worth $30, $2800 in account, $35, $800 in account. So i guess c [em03] |