De Trader opens a brokerage account and purchases 300 shares of Internet Dreams at $40 per share. She borrows $4,000 from her broker to help pay for the purchase.

a. How much of her own money does Dee invest when she purchases the stocks? (Note: this is her initial net worth.)

b. What is the initial margin of her account? (Enter a percentage value in the box. Keep no decimal place.)

De Trader opens a brokerage account and purchases 300 shares of Internet Dreams at $40 per share. She borrows $4,000 from her broker to help pay for the purchase.

The stock price drops to $38 per share after Dee's perchase. Assume Dee doesn't pay interest on the loan.

What is Dee's equity after the price change?

What is Dee's margin after the price change? (Keep two decimal places.)