A collar is established by buying a share of stock for $56, buying a six-month put option with exercise price $50, and writing a six-month call option with exercise price $60. Based on the volatility of the stock, you calculate that for an exercise price of $50 and maturity of six months, N(d₁) = 0.7132, whereas for the exercise price of $60, N(d₁) = 0.6482.

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.)