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2. You are bullish on VAZ stock. The current market price is $60 per share, and you have $360,000 of your own to invest. You

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2. You are bullish on VAZ stock. The current market price is $60 per share, and you have $360,000 of your own to invest. You borrow an additional $240,000 from your broker at an interest rate of 5% per week and invest $600,000 in the stock. VAZ pays no dividends. The maintenance margin is 40%. a. Suppose the price of VAZ stock falls immediately after your purchase. How low can the price of VAZ stock fall before you receive a margin call? b. What is your rate of return if the price of VAZ stock has gone up by 15% after a week? (8 marks)

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