I sold a $3,000 stock short immediately after a dividend payment. I managed to buy it back for X after exactly three years. My margin requirement was 65%, with a 6% annual rate, and the stock pays 7.5% (on the $3,000) dividends annually. If my yield was 11.5%, what is X.

Answer rating: 100% (QA)

Total Net Return YieldNumber of Years 1153 345 Initial Margin Paid Stock Pr... View the full answer