Hailey has $1,500 to invest in the market. She is considering the purchase of 50 shares of Comet Airlines at $30 per share. Her broker suggests that she may wish to consider purchasing warrants instead. The warrants are selling for $5, and each warrant allows her to purchase one share of Comet Airlines common stock at $32 per share. a. How many warrants can Hailey purchase for the same $1,500 ? Note: Do not round intermediate calculations and round your answer to the nearest whole number. b. If the price of the stock goes to $45, what would be her total dollar and percentage return on the stock? Note: Do not round intermediate calculations. Round the first answer to the nearest whole dollar. Input the second answer as a percent rounded to 2 decimal places. c. At the time the stock goes to $45, the speculative premium on the warrant goes to 0 (though the market value of the warrant goes up). What would be Hailey's total dollar and percentage returns on the warrant? Note: Do not round intermediate calculations. Round the first answer to the nearest whole dollar. Input the second answer as a percent rounded to 2 decimal places. d. Assuming that the speculative premium remains $3.50 over the intrinsic value, how far would the price of the stock have to fall from $45 before the warrant has no value? Note: Do not round intermediate calculations and round your answer to 2 decimal places. New stock price