![Bundle: Finite Mathematics, Loose-leaf Version, 7th + WebAssign Printed Access Card for Waner/Costenoble's Finite Mathematics, 7th Edition, Single-Term](https://www.bartleby.com/isbn_cover_images/9781337604949/9781337604949_largeCoverImage.gif)
Investing: Inverse Mutual Funds Inverse mutual funds, sometimes referred to as “bear market” or “short” funds, seek to deliver the opposite of the performance of the index or category they track and can thus be used by traders to bet against the stock market. Exercises 17and18 are based on the following table, which shows the performance of three such funds as of February 27, 2015:17
Year-to-Date Loss (%) | |
SHPIX (Short Smallcap Profund) | 4 |
RYURX (Rydex Inverse S&P 500) | 3 |
RYCWX (Rydex Inverse Dow) | 6 |
You invested a total of $6,000 in the three funds at the beginning of 2015, including equal amounts in SHPIX and RYURX. Your total year-to-date loss amounted to $260. How much did you invest in each of the three funds?
![Check Mark](/static/check-mark.png)
Trending nowThis is a popular solution!
![Blurred answer](/static/blurred-answer.jpg)
Chapter 3 Solutions
Bundle: Finite Mathematics, Loose-leaf Version, 7th + WebAssign Printed Access Card for Waner/Costenoble's Finite Mathematics, 7th Edition, Single-Term
- nvesting: 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-DateLoss (%) MYY (ProShares Short Midcap 400) 6 SH (ProShares Short S&P 500) 5 REW (ProShares UltraShort Technology) 7 You invested a total of $8,000 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 $340. How much did you invest in each of the three funds? MYY$ SH$ REW$arrow_forwardDay traders typically buy and sell stocks (or other investment instruments) during the trading day and sell all investments by the end of the day. The following table shows the closing prices on September 22, 2015, of 12 stocks selected by your broker, Prudence Swift, as well as the change that day. Tech Stocks Close Change AAPL (Apple) $113.40 -1.81 ADBE (Adobe Systems) $84.66 1.34 EBAY (eBay) $25.61 -0.31 MSFT (Microsoft) $3.90 -0.21 S (Sprint) $4.40 0.02 WIFI (Boingo Wireless) $8.51 0.56 Non-Tech Stocks ANF (Abercrombie & Fitch) $21.81 -0.02 в (Воeing) $133.99 -2.03 F (Ford Motor Co.) $13.91 -0.40 GE (General Electric) $25.10 0.01 GIS (General Mills) $57.12 0.33 JNJ (Johnson & Johnson) $93.26 0.13 On the morning of September 22, 2015, Swift advised you to purchase a collection of three tech stocks and two non-tech stocks, all chosen at random from those listed in the table. You were to sell all the stocks at the end of the trading day. (a) How many possible collections are possible?…arrow_forwardThe weekly investment report shows each company's stocks with its high bid, low bid, closing bid prices, and the net change from last week's closing bid. What is the average net change for all five companies listed?arrow_forward
- Investing: Inverse Mutual Funds Inverse mutual funds, sometimes referred to as "bear market" or "short" funds, seek to deliver the opposite of the performance of the index or category they track, and can thus be used by traders to bet against the stock market. This question is based on the following table, which shows the performance of three such funds as of September 30, 2021.† Year-to-Date Loss (%) 17 SHPIX (ProFunds Short Small Cap) RYURX (Rydex Inverse S&P 500) RYCWX (Rydex Inverse Dow) 16 25 You invested a total of $8,000 in the three funds at the beginning of 2021, including an equal amount in RYURX and RYCWX. As of the end of September, your year-to-date loss from the first two funds amounted to $1,000. How much did you invest in each of the three funds? SHPIX $ RYURX $ RYCWX $arrow_forwardInverse mutual funds, sometimes referred to as "bear market" or "short" funds, seek to deliver the opposite of the performance of the index or category they track, and can thus be used by traders to bet against the stock market. This question is based on the following table, which shows the performance of three such funds as of August 12, 2011. Year-to-date Loss SHPIX (Short Smallcap Profund) 6% RYURX (Rydex Inverse S&P 500) 5% RYIHX (Rydex Inverse High Yield) 7% You invested a total of $9,000 in the three funds at the beginning of 2011, including an equal amount in RYURX and RYIHX. Your year-to-date loss from the first two funds amounted to $400. How much did you invest in each of the three funds? SHPIX $ RYURX $ RYIHX $arrow_forwardA stock has monthly returns of 9%, 22%, 15%, and 28%. What is the stock's geometric average return?arrow_forward
- The percentage of individual investors’ portfolios committed to stock depends on the state of the economy. As of April 2014, a typical portfolio consisted of cash (19%), stocks (30%), stock funds (37%), bonds (8%) and bond funds (6%). The following table reports the percentage of stocks in a typical portfolio in eight quarters of 2012 to 2013. Year Quarters Stock % 2012 1 29.8 2012 2 31 2012 3 29.9 2012 4 30.1 2013 1 32.2 2013 2 31.5 2013 3 32 2013 4 31.9 In the first quarter of 2013 the seasonal index of approximately………………. means that values of the time series are …………… by the presence of seasonal forces. A. 100.8416, depressed B. 96.8555, stimulated C. 99.1586, depressed D. 103.2465, stimulatedarrow_forwardArbor Systems and Gencore stocks both have a volatility of 44%. Compute the volatility of a portfolio with 50% invested in each stock if the correlation between the stocks is 0.00. If the correlation is 0.00, the volatility of the portfolio is%. (Round to one decimal place.)arrow_forwardThe percentage of individual investors’ portfolios committed to stock depends on the state of the economy. As of April 2014, a typical portfolio consisted of cash (19%), stocks (30%), stock funds (37%), bonds (8%) and bond funds (6%). The following table reports the percentage of stocks in a typical portfolio in eight quarters of 2012 to 2013. Year Quarters Stock % 2012 1 29.8 2 31 3 29.9 4 30.1 2013 1 32.2 2 31.5 3 32 4 31.9 Calculate the centered 4 quarter moving average for the first quarter of 2013 (rounded to 4 decimals). A. 32.2103 B. 31.1875 C. 30.9251 D. 31.4523arrow_forward
- A3 Mutual funds and hedge funds are the same thing as they both pool investors’ savings together and appoint a fund manager to invest the funds. Is this statement correct? Explain.arrow_forwardAn efficient portfolio_________: Multiple Choice: A) has no risk at all. B) provides the highest expected return for a given level of risk. C) has only unique risk. D) provides the highest expected return for a given level of risk and provides the least risk for a given level of expected return.arrow_forwardSuppose a mutual fund has a portfolio of stocks that have a market value of $10.75 billion and the company has 900 million shares of stock. What is the net asset value (in dollars) of a share of the mutual fund?arrow_forward
- Discrete Mathematics and Its Applications ( 8th I...MathISBN:9781259676512Author:Kenneth H RosenPublisher:McGraw-Hill EducationMathematics for Elementary Teachers with Activiti...MathISBN:9780134392790Author:Beckmann, SybillaPublisher:PEARSON
- Thinking Mathematically (7th Edition)MathISBN:9780134683713Author:Robert F. BlitzerPublisher:PEARSONDiscrete Mathematics With ApplicationsMathISBN:9781337694193Author:EPP, Susanna S.Publisher:Cengage Learning,Pathways To Math Literacy (looseleaf)MathISBN:9781259985607Author:David Sobecki Professor, Brian A. MercerPublisher:McGraw-Hill Education
![Text book image](https://www.bartleby.com/isbn_cover_images/9781259676512/9781259676512_smallCoverImage.jpg)
![Text book image](https://www.bartleby.com/isbn_cover_images/9780134392790/9780134392790_smallCoverImage.gif)
![Text book image](https://www.bartleby.com/isbn_cover_images/9781938168024/9781938168024_smallCoverImage.jpg)
![Text book image](https://www.bartleby.com/isbn_cover_images/9780134683713/9780134683713_smallCoverImage.gif)
![Text book image](https://www.bartleby.com/isbn_cover_images/9781337694193/9781337694193_smallCoverImage.jpg)
![Text book image](https://www.bartleby.com/isbn_cover_images/9781259985607/9781259985607_smallCoverImage.gif)