Question: You have a margin account with an initial margin requirement of 60%. You short 48 shares of RSS at $13.73 using your full margin. In

You have a margin account with an initial margin requirement of 60%. You short 48 shares of RSS at $13.73 using your full margin. In your initial Balance Sheet, how much equity do you have?

{Enter your answer in dollars with 2 decimals, but do not use the "$".}

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