A collar is established by buying a share of stock for $60, buying a six-month put option with exercise price $58, and writing a six-month call option with exercise price $66. Based on the volatility of the stock, you calculate that for an exercise price of $58 and maturity of six months,N(d₁) = 0.6871, whereas for the exercise price of $66,N(d₁) = 0.6400.

What will be the gain or loss on the collar if the stock price increases by $1?(Input the amount as a positive value. Round your answer to 3 decimal places.)

(Click to select)GainLoss. of $