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whew1110

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tT
发表于 2011-7-13 16:44 | 只看该作者

CFA mock Q 79

225
Did anyone have a hard time with this Q? I dont know how they get 4,225 = [(28,000*500)/(1/3.33)+(.05*500)]. I get 4,229.
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Bulla564

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发表于 2011-7-13 16:44 | 只看该作者
I also have $4229. but I can't get why it's $9800 at margin interest paid. Can someone please explain? Many thanks

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MythosHF

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3#
发表于 2011-7-13 16:44 | 只看该作者
I got 4229 also, I think they're wrong

(500*28)/3.33 = 4204, which is the equity

500*28 = 14000 is original amount

14000-4204 = 9796 which is the amount borrowed (I'm a few dollars off, not sure why)

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suyash1989

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发表于 2011-7-13 16:44 | 只看该作者
Thanks for the clear explanation.

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Beatnik

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5#
发表于 2011-7-13 16:44 | 只看该作者
ikoreaii Wrote:
-------------------------------------------------------
> I also have $4229. but I can't get why it's $9800
> at margin interest paid. Can someone please
> explain? Many thanks


Yes, that's what I'm getting too! It's so frustrating when you spend so much time trying to figure out something where they just made a mistake. I hope it wont happen on the real exam!

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Finalnub

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6#
发表于 2011-7-13 16:44 | 只看该作者
its a rounding issue. its the difference of

0.30 * 14000 = 4,200
OR
0.3003 * 14000 = 4,204.2042

the extra 25 comes from the 5 cent commision.

0.3003 comes from figuring out the margin %, which is 1 / 3.33



Edited 1 time(s). Last edit at Friday, June 3, 2011 at 10:05PM by mnieman.

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