You buy 46 shares of ROKU at $11.61 per share using your margin, which has an initial margin requirement of 60%. How much money do you need to out up for margin (the amount in your equity)?

When you borrow money to buy shares, you cannot borrow the full amount. A portion of the investment needs to be coming from your pocket. That is the money you put up. In a Balance Statement, this goes under Equity.

Find what is the %Margin formula to find how much Equity you need to put up.

{Enter you answer in $ with 2 decimals}