Ivana 🍭 · 2023年02月23日
NO.PZ2022061307000017
问题如下：
Question
An investor buys a stock on margin. Assume that the interest on the loan and the dividend are both paid at the end of the holding period. The data related to the transaction are as follows:
选项：
A.15.6%. B.16.7%. C.21.4%.解释：
Solution
C is correct.
老师 请问题目给的leverage ratio是3.33（不是百分比的时候），要怎么计算借来的资金？
王园圆_品职助教 · 2023年02月23日
嗨，从没放弃的小努力你好：
同学你好，首先，请看以下讲义截图，其中黄色框框是leverage ratio的定义——意思是初始购买该资产的总计金额 除以 自有资金 得到的比例，就是leverage ratio
所以，按照定义，本题既然股票初始价格是28，购买份额为500份，那根据leverage ratio = 3.33，就可以得到自有资金 = (2.88*500)*1/3.33,而借来的资金 = (2.88*500)*2/3.33
----------------------------------------------就算太阳没有迎着我们而来，我们正在朝着它而去，加油！
NO.PZ2022061307000017 问题如下 Questioninvestor buys a stoon margin. Assume ththe interest on the loanthe vinare both paithe enof the holng perio The ta relateto the transaction are follows:The investor’s totreturn on this investment over the margin holng periois closest to: A.15.6%. B.16.7%. C.21.4%. SolutionC is correct. 题目写的年利率5%，为什么6个月要乘以6呢，不应该是5%/12*6吗？
NO.PZ2022061307000017问题如下 Questioninvestor buys a stoon margin. Assume ththe interest on the loanthe vinare both paithe enof the holng perio The ta relateto the transaction are follows:The investor’s totreturn on this investment over the margin holng periois closest to: A.15.6%.B.16.7%.C.21.4%. SolutionC is correct. 绿色那里。为什么要x leverage ratio 的倒数
NO.PZ2022061307000017问题如下 Questioninvestor buys a stoon margin. Assume ththe interest on the loanthe vinare both paithe enof the holng perio The ta relateto the transaction are follows:The investor’s totreturn on this investment over the margin holng periois closest to: A.15.6%.B.16.7%.C.21.4%. SolutionC is correct. 黄色部分是指购买的commission吗？为啥用加不是和后面sale那部分一样用减呢
NO.PZ2022061307000017 问题如下 Questioninvestor buys a stoon margin. Assume ththe interest on the loanthe vinare both paithe enof the holng perio The ta relateto the transaction are follows:The investor’s totreturn on this investment over the margin holng periois closest to: A.15.6%. B.16.7%. C.21.4%. SolutionC is correct. 所以，按照定义，本题既然股票初始价格是28，购买份额为500份，那根据leverage ratio = 3.33，就可以得到自有资金 = (2.88*500)*1/3.33,而借来的资金 = (2.88*500)*2/3.33... 1/3.33 和 2/3.33 是怎么得出来的？equity 中leverage ratio不是E 吗？
