Question: Your tax return will be $500 this year. You have decided that you will invest it in the ProShares UltraShort Nasdaq Biotech ETF (BIS)

Your tax return will be $500 this year. You have decided that

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?

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