Investing: Inverse Mutual Funds Inverse mutual funds, sometimes referred to as bear market or short funds,...
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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 February 27, 2015.+ SHPIX (Short Smallcap Profund) RYURX (Rydex Inverse S&P 500) RYCWX (Rydex Inverse Dow) Yeartodate Loss 4% 3% 6% You invested a total of $15,000 in the three funds at the beginning of 2015, including an equal amount in RYURX and RYCWX. Your yeartodate loss from the first two funds amounted to $400. How much did you invest in each of the three funds? SHPIX RYURX RYCWX
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Answer rating: 100% (QA)
SHPIX had a year to date loss of 4 So the loss in SHPIX would be 4 of X which is 0 04X dollars RYURX View the full answer
Related Book For
Basic Business Statistics Concepts And Applications
ISBN: 9780132168380
12th Edition
Authors: Mark L. Berenson, David M. Levine, Timothy C. Krehbiel
Posted Date:
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