3) (5 pts) An investor buys 300 shares of stock selling at $110 per share using a 60% initial margin and a 30% maintenance margin. The stock does not pay a dividend. A margin loan can be obtained at an annual interest rate of 5%. What is the annualized return on invested capital if the stock price gradually increases to $124 at the end of one year? (include the interest on the margin loan.) Annualized rate of return = 4) (4 pts) CC stock sells for $82 a share, and you have decided to purchase as many shares as you possibly can. You have $20,000 available to invest. What is the maximum number of shares you can purchase if the initial margin is 55%