Question: Question 3 1 points You have $30,000 in a margin account, 60% initial margin required. Suppose you buy 600 shares of IBM, for $50/share. Assume

Question 3 1 points You have $30,000 in a margin account, 60% initial margin required. Suppose you buy 600 shares of IBM, for $50/share. Assume no dividends, and that your bomowing raas 50% What is your percentage return if you did not borrow from your broker and it, in one year, IBM stock is selling for $53 per share

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