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Question 5 (25 marks) a. You believe that a company, Tech Boom Co. Ltd's stock price may rise shortly and you have $2,000,000 in hand. You opt to open a margin account to purchase BNC shares at $75 per share. Assuming the initial margin requirement is 45%; i) How many shares can you purchase using the maximum allowable margin? (4 marks) ii) If the maintenance margin is 30%, to what price can BNC fall before you receive a margin call? (6 marks) iii) What would be your percentage return if the share price rose to $100 or percentage loss if the share price fell to $50 assuming; 1. You bought the shares outright with your cash (no leverage) 2. You bought the shares on margin (you opened the margin account) (6 marks)