QUESTION 3. A. What is shelf registration and why does it make sense for shelf registration to be limited in time? B. In what type of markets do the following trade in? used cars, paintings and rare coins C. Suppose an investor initially pays K6000 toward the purchase of K10000 worth of stock at K100 per share, borrowing the balance from a broker. What would be the investor's initial balance sheet? What if the price declines to K70, what would be the new balance sheet? And in both cases what is the investor's equity? Suppose the maintenance margin is 30%. How far could the stock price fall before the investor would get a margin call? Suppose the maintenance margin is 40%? QUESTION 3. A. What is shelf registration and why does it make sense for shelf registration to be limited in time? B. In what type of markets do the following trade in? used cars, paintings and rare coins C. Suppose an investor initially pays K6000 toward the purchase of K10000 worth of stock at K100 per share, borrowing the balance from a broker. What would be the investor's initial balance sheet? What if the price declines to K70, what would be the new balance sheet? And in both cases what is the investor's equity? Suppose the maintenance margin is 30%. How far could the stock price fall before the investor would get a margin call? Suppose the maintenance margin is 40%