Your tax return will be $500 this year. You have decided that you will invest it in the ProShares UltraShort Nasdaq Biotech ETF (BIS) which has a return of 53 67% over the last year. You are hoping this return will continue for the next two years. If the return remains at 53 67%, how much will you have at the end of 2 years?
Your tax return will be $500 this year. You have decided that you will invest it in the ProShares UltraShort Nasdaq Biotech ETF (BIS) which has a return of 53 67% over the last year. You are hoping this return will continue for the next two years. If the return remains at 53 67%, how much will you have at the end of 2 years?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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![Your tax return will be $500 this year. You have decided that you will invest it in the ProShares UltraShort
Nasdaq Biotech ETF (BIS) which has a return of 53 67% over the last year. You are hoping this return will
continue for the next two years. If the return remains at 53.67%, how much will you have at the end of 2
years?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F90ccc068-cb23-4121-aaaa-806482aa2a5b%2F6ccd210b-e757-4683-8e0d-80c1f8dcb602%2F9mwya8_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Your tax return will be $500 this year. You have decided that you will invest it in the ProShares UltraShort
Nasdaq Biotech ETF (BIS) which has a return of 53 67% over the last year. You are hoping this return will
continue for the next two years. If the return remains at 53.67%, how much will you have at the end of 2
years?
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