Question 6 (25 points) Google is currently trading at $30 per share. You have $2400 in your pocket and plan to use it to set up a short sale account. The IMR is 40% and the MMR is 30%. a) What is the maximum number of Google shares that you could short? (5 points) b) Suppose price goes down to $22 immediately after you set up your short sale account and you close your position. What is the rate of return of your investment? (5 points) At what price will you get a margin call? Suppose the stock doesn't pay dividends and the margin account doesn't pay interests. (5 points) d) Suppose price goes up to $40. If you want to keep your account, how much additional cash do you need to pledge to the margin account? (5 points) e) Instead of doing a short sale, you want to buy Google shares on margin. What is the maximum number of shares you could buy on margin if the IMR is 50%? (5 points)