Q2. Write your calculations please. (20 points)

VXX is the 1x vix futures ETF. ETF UVXY manages leverage of +1.5x of vix futures ETF (a leveraged fund, long 150% of AUM). You can view UVXY as holding 150% of its asset value in VXX.

a. Below is the price path for VXX, the 1x long etf. Fill in the blanks, including the calculation (3 points)

Day	0	1	2	3
Price for unlevered VXX	100	150	75	100
Daily Return	NA

b. what is the price path for SVXY? (4 points)

Day	0	1	2	3
Price	100