Problem 4-03

A stock is currently selling for $50.00 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 $49.85.

   $

2. You sell the stock short and the price declines to $49.85.

   $

3. You take a long position and the price rises to $55.65.

   $

4. You sell the stock short and the price rises to $55.65.

   $