Citadel, a hedge fund, wants to borrow 150,000 AAPL shares to perform a short-sale. The Asset Manager, Fidelity, has a long only trading strategy for AAPL and is willing to lend AAPL stocks. A securities lender, BONY, is available to facilitate this borrowing and lending process. Currently AAPL shares trade at $129 per share. If the BONY requires 1.8% cash as collateral from Citadel to facilitate borrowing AAPL shares, how much cash does Citadel need to pledge as collateral? $19,001,700 $19,350,000 $348,300 $19,698,300