Not long ago, Ed Sheeran bought 450 shares of Division Signs Inc at $48.89 per share he bought the stock on margin of 60%. The stock is now trading at $63.95 per share, and the Federal Reserve has recently lowered initial margin requirements to 54% Ed now wants to do a title pyramiding and buy another 450 shares of the stock. What is the minimum amount of equity that he'll have to put up in this transaction? GRE The minimum amount of equity that he'll have to put up in this transaction is (Round to the nearest cent)