A collar is established by buying a share of stock for $62, buying a 6-month put option with exercise price $58, and writing a 6-month call option with exercise price $66. On the basis of the volatility of the stock, you calculate that for a strike price of $58 and expiration of 6 months, N(d1) = .6986, whereas for the exercise price of $66, N(d1) = 0.6522 What will be the gain or loss on the collar if the stock price increases by $1? (Round your answer to 2 decimal places. Omit the "$" sign in your response.) a. Collar! (Click to select)-by b-1. What happens to the delta of the portfolio if the stock price becomes very large? (Omit the "$" sign in your response.) Delta of the portfolio approaches b-2. What happens to the delta of the portfolio if the stock price becomes very small? (Omit the "S" sign in your response.) Delta of the portfolio approaches A collar is established by buying a share of stock for $62, buying a 6-month put option with exercise price $58, and writing a 6-month call option with exercise price $66. On the basis of the volatility of the stock, you calculate that for a strike price of $58 and expiration of 6 months, N(d1) = .6986, whereas for the exercise price of $66, N(d1) = 0.6522 What will be the gain or loss on the collar if the stock price increases by $1? (Round your answer to 2 decimal places. Omit the "$" sign in your response.) a. Collar! (Click to select)-by b-1. What happens to the delta of the portfolio if the stock price becomes very large? (Omit the "$" sign in your response.) Delta of the portfolio approaches b-2. What happens to the delta of the portfolio if the stock price becomes very small? (Omit the "S" sign in your response.) Delta of the portfolio approaches