LPMI, an exchange traded fund, provides investors with daily results equal to 250% of the performance of the Precious Metals Index.

The daily returns of the Precious Metals Index over the prior five days are 1%, -2%, 2%, -22%, and -10%. What is the total return of LPMI over the five days?

Another exchange traded fund, IPMI, provides investors with daily results equal to -100% of the performance of the Precious Metals Index. What is the total return of IPMI over these days?

Answer rating: 100% (QA)

To calculate the total return of LPMI and IPMI over the five days we need to consider the daily retu... View the full answer