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Problem 4-03

A stock is currently selling for $30.00 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.

1. You take a long position and the stocks price declines to $18.35.

   $

2. You sell the stock short and the price declines to $18.35.

   $

3. You take a long position and the price rises to $34.15.

   $

4. You sell the stock short and the price rises to $34.15.

   $