NO.PZ2020042003000021
问题如下:
Lily has equity of $100 in cash. She
creates a short position in stock A. The current price of stock A is 100 and Lily
sells it. The cash for the short sell remains in the dealer’s account and
cannot be used to fund other investments. In addition, Lily puts up $50 as
collateral. According to the information above, what is the position’s
leverage?
选项:
A. 2
4
3
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.
请问这里能否这样理解:她本身有100的equity,然后她卖了100的股票,又多了100元asset,然后asset就变成了200,然后leverage就是200/100=2?