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pus DU.UULI PL 6 of 12 14 compete w ogores como, O P2.11 (similar to) Question Help Miguel Torres purchases 100 shares of CanYWin.com for

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pus DU.UULI PL 6 of 12 14 compete w ogores como, O P2.11 (similar to) Question Help Miguel Torres purchases 100 shares of CanYWin.com for $45.28 per share, using as little of his own money as he could. His broker has a 60% initial margin requirement and a 35% maintenance margin requirement. The price of the stock falls to $28.75 per share. What does Miguel need to do? To get the account back to the maintenance margin requirement of 35%, Miguel must add (Round to the nearest cent)

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