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Assume a speculator sold 3 , 0 0 0 shares of a mortgage lender X short at $ 3 1 with an initial margin of

Assume a speculator sold 3,000 shares of a mortgage lender X short at $31 with an initial margin of 60% and subsequently received a 30% maintenance margin call.
Price Shares Initial Margin Maintenance
$31.003,00060.00%30.00%
What is the dollar amount that must be deposited to bring account equity back up to 60%?
The dollar amount that must be deposited is $ . Round your answer to two decimal places

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