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Mrs Baker has long been working with the same stockbrokers, a well- known financial services licensee in Australia. One day, after having read the research

Mrs Baker has long been working with the same stockbrokers, a well- known financial services licensee in Australia. One day, after having read the research report they have sent recently, Mrs Baker decided to buy the shares of Company X mentioned in that report. She quickly called the financial services licensee. While still waiting on the phone, Mrs Baker transferred $18,000 to the accounts of financial services licensee. Later, the stockbroker over the phone discussed with Mrs Baker certain aspects of the shares he is interested in buying and asked multiple questions relating to his financials. At that point, Mrs Baker abruptly ended the call. Apparently something urgent arose and Mrs Baker last said I will call you later and hung up.

Considering relevant section(s) of the Corporations Act 2001, what is the financial investment Mr Martin had made at this stage, if any? Please state your reasons

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