Problem $4-03$

A stock is currently selling for $$70\mathrm{.}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 stock's price declines to $$68\mathrm{.}85.$

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b$.$ You sell the stock short and the price declines to $$68\mathrm{.}85.$

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c$.$ You take a long position and the price rises to $$82\mathrm{.}65.$

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d$.$ You sell the stock short and the price rises to $$82\mathrm{.}65.$

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