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MYY (ProShares Short Midcap 400) SH (ProShares Short S&P 500) REW (ProShares UltraShort Technology) Year-to-Date Loss (%) 6 5 7 invested a total of $11,000 in the three funds at the beginning of 2011, including an equal amount in SH and REW. Your year-t you invest in each of the three funds?

MYY (ProShares Short Midcap 400) SH (ProShares Short S&P 500) REW (ProShares UltraShort Technology) Year-to-Date Loss (%) 6 5 7 invested a total of $11,000 in the three funds at the beginning of 2011, including an equal amount in SH and REW. Your year-t you invest in each of the three funds?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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 (%) 1,766.57 X $ 8,233.43 X 5 7 You invested a total of $11,000 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 $520. How much did you invest in each of the three funds? MYY $ 2,000 SH REW
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.+ MYY (ProShares Short Midcap 400) SH (ProShares Short S&P 500) REW (ProShares UltraShort Technology) Year-to-Date Loss (%) 1,766.57 X $ 8,233.43 X 5 7 You invested a total of $11,000 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 $520. How much did you invest in each of the three funds? MYY $ 2,000 SH REW
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