On Nov 7th, Omar issued short sale order to his broker for 1000 shares of...
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Accounting
On Nov 7th, Omar issued short sale order to his broker for 1000 shares of International Food Co. Stock at $100. On Feb 5th, the stock price decreased to $80. The initial margin is 50%.
- What are the balance sheets as in Nov 7th and Feb 5th?
- Compute the ROE on Feb 5th if the interest rate 10%.
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