Not long ago, Ed Sheeran bought 450 shares of Division Signs Inc. at $48 66 per share, he bought the stock on margin of 65% The stock is now trading af 50361 per share, and the Fedors lowered initial margin requirements to 55%. Ed now wants to do a little pyramiding and buy another 400 shares of the stock What is the minimum amount of equity that he't have to put up in this wanacho

The minimum amount of equity that he'll have to put up in this transaction is $

(Round to the nearest cont y