Question 1 (8 Marks) Suppose that Lab Tech Ltd is currently selling at $50 per share. Peter has bought 10,000 shares of Lab Tech using $300,000 of his money, borrowing the remainder of the purchase price form his broker. The interest rate of the margin loan is 10%. a. If the maintenance margin is 35%, how far can Lab Tech's price fall before Peter will get a margin call? 3 marks b. Calculate the rate of return on Peter's margined position if Lab Tech is selling after 12 months at: i. 60 ii.50 iii. 40 5 marks Show all your calculations