Top Posters
Since Sunday
4
n
3
j
3
x
2
c
2
2
p
2
n
2
3
2
C
2
z
2
k
2
Home Q & A Board Other Fields Homework Help Business Insurance
New Topic  
elf_fu elf_fu
wrote...
Go to Answer
Posts: 705
Rep: 2 0
6 years ago
Assume that an investor lends 100 shares of Jiffy, Inc. common stock to a short seller. The bid-ask prices are $32.00 - $32.50. When the position is closed, the bid-ask prices are
$32.50 - $33.00. The commission rate is 0.5%. The market interest rate is 5.0% and the short rebate rate is 3.0%. Calculate the gain or loss to the lender. Assume the lender is not subject to a bid-ask loss or commissions.
A) $164.00 gain
B) $164.00 loss
C) $100.00 gain
D) $100.00 loss
Textbook 
Derivatives Markets

Derivatives Markets


Edition: 3rd
Author:
Read 88 times
1 Reply
Replies
Answer verified by a subject expert
phuongha2892phuongha2892
wrote...
#1
Posts: 471
Rep: 49 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

elf_fu Author
wrote...

6 years ago
Thank you, thank you, thank you!
jasonbourne
wrote...

Yesterday
Brilliant ツ
elizabetheldrid
wrote...

2 hours ago
You make an excellent tutor!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1048 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 878
  
 1153
  
 1103
Your Opinion
How often do you eat-out per week?
Votes: 79
Previous poll results: Do you believe in global warming?