Exercise 投资学.docVIP

1、Suppose you purchases 10 shares of Apple on margin at $110 per share and short sells 1000 shares of GM at $2 per share on April 1. The initial and maintenance margin rate are 60% and 30%, respectively. On May 31, GM is selling for $1 and Apple for $130. Draw your balance sheet on April 1. Draw your balance sheet on May 31. Determine whether your account is restricted on May 31. Assuming the cash dividend for GM is $0.01, calculate your rate of return on GM. Assuming the cash dividend for Apple is $0.05, calculate your rate of return on Apple. Calculate your total rate of return. 2、If the o