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Investing: Inverse ETFs (Exchange Traded Funds) Inverse ETFs, sometimes referred to as "bear market" or "short" funds, are designed to deliver the opposite of the performance of the index or category they track, and so can be used by traders to bet against the stock market. The following table shows the performance of three such funds as of August 5, 2015.+ $ $ MYY (ProShares Short Midcap 400) SH (ProShares Short S&P 500) REW (ProShares UltraShort Technology) $ Year-to-Date Loss (%) 6 5 You invested a total of $13,000 in the three funds at the beginning of 2011, including an equal amount in SH and REW. Your year-to-date loss from the first two funds amounted to $570. How much did you invest in each of the three funds? MYY SH REW 7

Investing: Inverse ETFs (Exchange Traded Funds) Inverse ETFs, sometimes referred to as "bear market" or "short" funds, are designed to deliver the opposite of the performance of the index or category they track, and so can be used by traders to bet against the stock market. The following table shows the performance of three such funds as of August 5, 2015.+ $ $ MYY (ProShares Short Midcap 400) SH (ProShares Short S&P 500) REW (ProShares UltraShort Technology) $ Year-to-Date Loss (%) 6 5 You invested a total of $13,000 in the three funds at the beginning of 2011, including an equal amount in SH and REW. Your year-to-date loss from the first two funds amounted to $570. How much did you invest in each of the three funds? MYY SH REW 7

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Investing: Inverse ETFs (Exchange Traded Funds) Inverse ETFs, sometimes referred to as "bear market" or "short" funds, are designed to deliver the opposite of the performance of the index or category they track, and so can be used by traders to bet against the stock market. The following table shows the performance of three such funds as of August 5, 2015.† Year-to-Date Loss (%) MYY (ProShares Short Midcap 400) 6 SH (ProShares Short S&P 500) 5 REW (ProShares UltraShort Technology) 7 You invested a total of $13,000 in the three funds at the beginning of 2011, including an equal amount in SH and REW. Your year-to-date loss from the first two funds amounted to $570. How much did you invest in each of the three funds? MYY$ SH$ REW$
**Investing: Inverse ETFs (Exchange Traded Funds)** Inverse ETFs, sometimes referred to as "bear market" or "short" funds, are designed to deliver the opposite of the performance of the index or category they track, and so can be used by traders to bet against the stock market. The following table shows the performance of three such funds as of August 5, 2015. | Fund | Year-to-Date Loss (%) | |-------------------------------------------|------------------------| | MYY (ProShares Short Midcap 400) | 6 | | SH (ProShares Short S&P 500) | 5 | | REW (ProShares UltraShort Technology) | 7 | You invested a total of $13,000 in the three funds at the beginning of 2011, including an equal amount in SH and REW. Your year-to-date loss from the first two funds amounted to $570. How much did you invest in each of the three funds? - MYY: $ ___ - SH: $ ___ - REW: $ ___ *Note: The table provides a clear view of the performance of the three funds, showing their respective losses in percentage form. It enables investors to understand the level of risk and potential loss involved in these investments.*
Transcribed Image Text:**Investing: Inverse ETFs (Exchange Traded Funds)** Inverse ETFs, sometimes referred to as "bear market" or "short" funds, are designed to deliver the opposite of the performance of the index or category they track, and so can be used by traders to bet against the stock market. The following table shows the performance of three such funds as of August 5, 2015. | Fund | Year-to-Date Loss (%) | |-------------------------------------------|------------------------| | MYY (ProShares Short Midcap 400) | 6 | | SH (ProShares Short S&P 500) | 5 | | REW (ProShares UltraShort Technology) | 7 | You invested a total of $13,000 in the three funds at the beginning of 2011, including an equal amount in SH and REW. Your year-to-date loss from the first two funds amounted to $570. How much did you invest in each of the three funds? - MYY: $ ___ - SH: $ ___ - REW: $ ___ *Note: The table provides a clear view of the performance of the three funds, showing their respective losses in percentage form. It enables investors to understand the level of risk and potential loss involved in these investments.*
Expert Solution
Step 1

Given,

The total amount invested is $13,000.

The amount invested in both SH and REW are the same.

Year-to-date loss from the first two funds amounted to $570.

 

We have to find how much amount need to invest in each of three funds.

 

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