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?

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 35P

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