NO.PZ2020042003000021
问题如下:
Lily has equity of $100 in cash. Shecreates a short position in stock A. The current price of stock A is 100 and Lilysells it. The cash for the short sell remains in the dealer’s account andcannot be used to fund other investments. In addition, Lily puts up $50 ascollateral. According to the information above, what is the position’sleverage?
选项:
A.
2
B.
4
C.
3
D.
1
解释:
考点:对Leverage的理解
答案:本题选A
解析:
Lily的Asset有200,有50元的Cash,以及150 due from broker,150里面有100是Short Stock A获得的,50是Collateral。
Lily的Equity为100,因此Leverage ratio = 2.
如题,这样理解对吗?另外,拿出50元做抵押后,抵押的钱也依旧是自己的asset对吗?