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Question about margin (borrowing overnight) |
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Monday, 01 September 2008 |
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Posted by Sky123987 in the Stocks forum:
Hi, Question 1
If the interest rate of borrowing stocks is 6%. and you borrow overnight from Monday to Tuesday, what is the interest rate you pay? A) Principle * (0.06 / 365)
B) Principle * (0.06 / # business days)
Question 2
If the interest rate of borrowing stocks is 6%. and you borrow overnight from Friday to Monday, what is the interest rate you pay?
A) Principle * (0.06 / 365) * 3
B) Principle * (0.06 / 365) * 1
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FAQ