李同学2019-05-30 16:17:06

Shoeless Joe Jackson purchased 500 shares of a company at $32 per share. The stock was bought on 75 percent margin. One month later, Jackson paid interest on the amount borrowed at a rate of 2% per month. At that time, Jackson received a dividend of $0.50 per share. Immediately after that he sold the shares at $28 per share. He paid commissions of $5 on the purchase and $5 on the sale of the stock. What was the rate of return on this investment for the one-month period? 在答案解析中，我对于分子的地方需要+0.5*500=250是理解，如果题目变形成为short一个stock资产，而且margin=75%，其他条件都一样，那么在持有期间这个dividend在分子是否为：-（500*0.5*（1-75%）），即只对借取的资产部分的Dividend偿还，不算入return%中