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A stock is currently selling for $70.00 a share. What is the gain or loss on the following transactions? Use a minus sign to enter
A stock is currently selling for $70.00 a share. What is the gain or loss on the following transactions? Use a minus sign to enter the amount as a negative value. Round your answers to the nearest cent.
a. You take a long position and the stocks price declines to $64.85
b. You sell the stock short and the price declines to $64.85
c. You take a long position and the price rises to $70.15
d.You sell the stock short and the price rises to $70.15
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