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. You take a long position and the stock’s price declines to $61.35.

$

You sell the stock short and the price declines to $61.35.

$

You take a long position and the price rises to $71.15.

$

You sell the stock short and the price rises to $71.15