Finite Mathematics
7th Edition
ISBN: 9781337280426
Author: Stefan Waner, Steven Costenoble
Publisher: Cengage Learning
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Textbook Question
Chapter 3.3, Problem 18E
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?
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Investing: 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-Date
Loss (%)
MYY (ProShares Short Midcap 400) 6
SH (ProShares Short S&P 500) 5
REW (ProShares UltraShort Technology) 7
You invested a total of $13,000 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 $570. How much did you invest in each of the three funds?
MYY$ SH$ REW$
Investing: 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 $11,000 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 $520. How much did you invest in each of the three funds?
MYY$ SH$ REW$
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$
Chapter 3 Solutions
Finite Mathematics
Ch. 3.1 - In Exercises 1-6, find three different particular...Ch. 3.1 - In Exercises 1-6, find three different particular...Ch. 3.1 - In Exercises 1-6, find three different particular...Ch. 3.1 - In Exercises 1-6, find three different particular...Ch. 3.1 - In Exercises 1-6, find three different particular...Ch. 3.1 - Prob. 6ECh. 3.1 - Prob. 7ECh. 3.1 - Prob. 8ECh. 3.1 - In Exercises 7-20, find all solutions of the given...Ch. 3.1 - In Exercises 7-20, find all solutions of the given...
Ch. 3.1 - Prob. 11ECh. 3.1 - Prob. 12ECh. 3.1 - Prob. 13ECh. 3.1 - Prob. 14ECh. 3.1 - In Exercises 7-20, find all solutions of the given...Ch. 3.1 - In Exercises 7-20, find all solutions of the given...Ch. 3.1 - Prob. 17ECh. 3.1 - Prob. 18ECh. 3.1 - Prob. 19ECh. 3.1 - In Exercises 7-20, find all solutions of the given...Ch. 3.1 - In Exercises 21-30, use technol.ogy to obtain...Ch. 3.1 - Prob. 22ECh. 3.1 - Prob. 23ECh. 3.1 - Prob. 24ECh. 3.1 - In Exercises 21-30, use technol.ogy to obtain...Ch. 3.1 - Prob. 26ECh. 3.1 - Prob. 27ECh. 3.1 - Prob. 28ECh. 3.1 - Prob. 29ECh. 3.1 - In Exercises 21-30, use technol.ogy to obtain...Ch. 3.1 - In Exercises 31-38, translate the given statement...Ch. 3.1 - In Exercises 31-38, translate the given statement...Ch. 3.1 - In Exercises 31-38, translate the given statement...Ch. 3.1 - In Exercises 31-38, translate the given statement...Ch. 3.1 - In Exercises 31-38, translate the given statement...Ch. 3.1 - Prob. 36ECh. 3.1 - Prob. 37ECh. 3.1 - Prob. 38ECh. 3.1 - Prob. 39ECh. 3.1 - Class Scheduling Enormous State Universitys Math...Ch. 3.1 - Prob. 41ECh. 3.1 - Nutrition Anthony Altino is mixing food for his...Ch. 3.1 - Nutrition One serving of Campbell Soup Companys...Ch. 3.1 - Nutrition One serving of Campbell Soup Companys...Ch. 3.1 - Protein Supplements Exercises 45-48 are based on...Ch. 3.1 - Protein Supplements Exercises 45-48 are based on...Ch. 3.1 - Protein Supplements Exercises 45-48 are based on...Ch. 3.1 - Protein Supplements Exercises 45-48 are based on...Ch. 3.1 - Prob. 49ECh. 3.1 - Investments: Energy Stocks In the 3-rnonth period...Ch. 3.1 - Prob. 51ECh. 3.1 - Investments: High Dividend Stocks During the first...Ch. 3.1 - Voting An appropriations bill passed the U.S....Ch. 3.1 - Voting The U.S. Senate has 100 members. For a bill...Ch. 3.1 - Intramural Sports The best sports dorm on campus,...Ch. 3.1 - Law Five years ago, Enormous State Universitys...Ch. 3.1 - Purchasing (from the GMAT) Elena purchased Brand X...Ch. 3.1 - Purchasing (based on a question from the GMAT)...Ch. 3.1 - Prob. 59ECh. 3.1 - Equilibrium Price The demand and supply functions...Ch. 3.1 - Supply and Demand (from the GRE Economics Test)...Ch. 3.1 - Prob. 62ECh. 3.1 - Equilibrium Price In June 2001 the retail price of...Ch. 3.1 - Equilibrium Price At the start of December 2001...Ch. 3.1 - Pollution Joe Slo, a college sophomore, neglected...Ch. 3.1 - Prob. 66ECh. 3.1 - Prob. 67ECh. 3.1 - Prob. 68ECh. 3.1 - Prob. 69ECh. 3.1 - A system of three equations in two unknowns...Ch. 3.1 - Prob. 71ECh. 3.1 - Prob. 72ECh. 3.1 - Prob. 73ECh. 3.1 - Referring to Exercise 39, but using different...Ch. 3.1 - Prob. 75ECh. 3.1 - Prob. 76ECh. 3.1 - Select one: If the addition or subtraction of two...Ch. 3.1 - Select one: If adding two linear equations gives...Ch. 3.1 - Prob. 79ECh. 3.1 - Prob. 80ECh. 3.1 - How likely do you think it is that a random system...Ch. 3.1 - Prob. 82ECh. 3.2 - In Exercises 1-42, use Gauss-Jordan row reduction...Ch. 3.2 - In Exercises 1-42, use Gauss-Jordan row reduction...Ch. 3.2 - In Exercises 1-42, use Gauss-Jordan row reduction...Ch. 3.2 - In Exercises 1-42, use Gauss-Jordan row reduction...Ch. 3.2 - In Exercises 1-42, use Gauss-Jordan row reduction...Ch. 3.2 - Prob. 6ECh. 3.2 - Prob. 7ECh. 3.2 - Prob. 8ECh. 3.2 - In Exercises 1-42, use Gauss-Jordan row reduction...Ch. 3.2 - In Exercises 1-42, use Gauss-Jordan row reduction...Ch. 3.2 - Prob. 11ECh. 3.2 - Prob. 12ECh. 3.2 - In Exercises 1-42, use Gauss-Jordan row reduction...Ch. 3.2 - Prob. 14ECh. 3.2 - In Exercises 1-42, use Gauss-Jordan row reduction...Ch. 3.2 - In Exercises 1-42, use Gauss-Jordan row reduction...Ch. 3.2 - Prob. 17ECh. 3.2 - In Exercises 1-42, use Gauss-Jordan row reduction...Ch. 3.2 - Prob. 19ECh. 3.2 - In Exercises 1-42, use Gauss-Jordan row reduction...Ch. 3.2 - In Exercises 1-42, use Gauss-Jordan row reduction...Ch. 3.2 - In Exercises 1-42, use Gauss-Jordan row reduction...Ch. 3.2 - In Exercises 1-42, use Gauss-Jordan row reduction...Ch. 3.2 - In Exercises 1-42, use Gauss-Jordan row reduction...Ch. 3.2 - In Exercises 1-42, use Gauss-Jordan row reduction...Ch. 3.2 - Prob. 26ECh. 3.2 - Prob. 27ECh. 3.2 - Prob. 28ECh. 3.2 - In Exercises 1-42, use Gauss-Jordan row reduction...Ch. 3.2 - In Exercises 1-42, use Gauss-Jordan row reduction...Ch. 3.2 - Prob. 31ECh. 3.2 - Prob. 32ECh. 3.2 - Prob. 33ECh. 3.2 - Prob. 34ECh. 3.2 - In Exercises 1-42, use Gauss-Jordan row reduction...Ch. 3.2 - Prob. 36ECh. 3.2 - In Exercises 1-42, use Gauss-Jordan row reduction...Ch. 3.2 - Prob. 38ECh. 3.2 - Prob. 39ECh. 3.2 - In Exercises 1-42, use Gauss-Jordan row reduction...Ch. 3.2 - Prob. 41ECh. 3.2 - Prob. 42ECh. 3.2 - Prob. 43ECh. 3.2 - Prob. 44ECh. 3.2 - In Exercises 43-46, use technology to solve the...Ch. 3.2 - Prob. 46ECh. 3.2 - In Exercises 47-50, use technology to solve the...Ch. 3.2 - Prob. 48ECh. 3.2 - Prob. 49ECh. 3.2 - In Exercises 47-50, use technology to solve the...Ch. 3.2 - Prob. 51ECh. 3.2 - Prob. 52ECh. 3.2 - Prob. 53ECh. 3.2 - Prob. 54ECh. 3.2 - Prob. 55ECh. 3.2 - Prob. 56ECh. 3.2 - Your friend Frans tells you that the system of...Ch. 3.2 - Prob. 58ECh. 3.2 - Prob. 59ECh. 3.2 - Prob. 60ECh. 3.2 - Prob. 61ECh. 3.2 - Prob. 62ECh. 3.2 - Prob. 63ECh. 3.2 - Prob. 64ECh. 3.2 - Prob. 65ECh. 3.2 - Prob. 66ECh. 3.2 - Prob. 67ECh. 3.2 - Prob. 68ECh. 3.3 - Resource Allocation You manage an ice cream...Ch. 3.3 - Resource Allocation You own a hamburger franchise...Ch. 3.3 - Resource Allocation Urban Community College is...Ch. 3.3 - Resource Allocation The Enormous State University...Ch. 3.3 - Latin Music Sales (Digital) In 2013, total...Ch. 3.3 - Latin Music Sales (Digital) In 2012, total...Ch. 3.3 - Purchasing Aircraft In Example 2 we saw that...Ch. 3.3 - Purchasing Aircraft Refer to Exercise 7. Rene...Ch. 3.3 - Supply A bagel store orders cream cheese from...Ch. 3.3 - Supply Refer to Exercise 9. The bagel store's...Ch. 3.3 - Pest Control Halmar the Great has boasted to his...Ch. 3.3 - Manufacturing Perfume The Fancy French Perfume...Ch. 3.3 - Donations The Enormous State University Good Works...Ch. 3.3 - Tenure Professor Walt is up for tenure and wishes...Ch. 3.3 - Airline Costs Exercises 15and16 are based on the...Ch. 3.3 - Airline Costs Exercises 15and16 are based on the...Ch. 3.3 - Investing: Inverse Mutual Funds Inverse mutual...Ch. 3.3 - Investing: Inverse Mutual Funds Inverse mutual...Ch. 3.3 - Investing: Lesser-Known Stocks Exercises 19 and 20...Ch. 3.3 - Investing: Lesser-Known Stocks Exercises 19 and 20...Ch. 3.3 - Prob. 21ECh. 3.3 - Prob. 22ECh. 3.3 - Market Share: Homeowners Insurance Three market...Ch. 3.3 - Prob. 24ECh. 3.3 - Inventory Control Red Bookstore wants to ship...Ch. 3.3 - Inventory Control The Tubular Ride Boogie Board...Ch. 3.3 - Prob. 27ECh. 3.3 - Tourism in the 1990s In the 1990s, significant...Ch. 3.3 - Prob. 29ECh. 3.3 - Tobacco The following table shows some data from...Ch. 3.3 - Traffic Flow One-way traffic through Enormous...Ch. 3.3 - Traffic Flow The traffic through downtown East...Ch. 3.3 - Traffic Flow The traffic through downtown...Ch. 3.3 - Traffic Flow Officials of the town of Hempstead...Ch. 3.3 - Traffic Management The Outer Village Town Council...Ch. 3.3 - Electric Current Electric current measures (in...Ch. 3.3 - Econometrics (from the GRE Economics Test) This...Ch. 3.3 - Prob. 38ECh. 3.3 - CAT Scans CAT (computerized axial tomographic)...Ch. 3.3 - CAT Scans CAT (computerized axial tomographic)...Ch. 3.3 - Prob. 41ECh. 3.3 - Prob. 42ECh. 3.3 - Prob. 43ECh. 3.3 - Prob. 44ECh. 3.3 - Voting In the 75th Congress (1937-1939) the U.S....Ch. 3.3 - Prob. 46ECh. 3.3 - Investments Things have not been going too well...Ch. 3.3 - Prob. 48ECh. 3.3 - Prob. 49ECh. 3.3 - Suppose that you obtained a solution for Exercise...Ch. 3.3 - Prob. 51ECh. 3.3 - Prob. 52ECh. 3.3 - Prob. 53ECh. 3.3 - Prob. 54ECh. 3.3 - In Exercises 51-56, x, y and z represent the...Ch. 3.3 - In Exercises 51-56, x, y and z represent the...Ch. 3.3 - Make up an entertaining word problem leading to...Ch. 3.3 - Prob. 58ECh. 3 - In Exercises 16, graph the given equations and...Ch. 3 - Prob. 2RECh. 3 - Prob. 3RECh. 3 - In Exercises 16, graph the given equations and...Ch. 3 - Prob. 5RECh. 3 - Prob. 6RECh. 3 - In Exercises 718, solve the given system of linear...Ch. 3 - In Exercises 718, solve the given system of linear...Ch. 3 - In Exercises 718, solve the given system of linear...Ch. 3 - In Exercises 718, solve the given system of linear...Ch. 3 - Prob. 11RECh. 3 - Prob. 12RECh. 3 - In Exercises 718, solve the given system of linear...Ch. 3 - In Exercises 718, solve the given system of linear...Ch. 3 - Prob. 15RECh. 3 - In Exercises 718, solve the given system of linear...Ch. 3 - Prob. 17RECh. 3 - Prob. 18RECh. 3 - Exercises 1922 are based on the following equation...Ch. 3 - Prob. 20RECh. 3 - Prob. 21RECh. 3 - Prob. 22RECh. 3 - Prob. 23RECh. 3 - Prob. 24RECh. 3 - Prob. 25RECh. 3 - Prob. 26RECh. 3 - Prob. 27RECh. 3 - Prob. 28RECh. 3 - Prob. 29RECh. 3 - Prob. 30RECh. 3 - Prob. 31RECh. 3 - Purchasing You are the buyer for OHaganBooks.com...Ch. 3 - Prob. 33RECh. 3 - Prob. 34RECh. 3 - Feeding Schedules Billy-Sean OHagan is John...Ch. 3 - Prob. 36RECh. 3 - Website Traffic OHaganBooks.com has two principal...Ch. 3 - Sales As the buyer at OHaganBooks.com, you are...Ch. 3 - Investing in Stocks Billy-Sean OHagan is the...Ch. 3 - Prob. 40RECh. 3 - Prob. 41RECh. 3 - Prob. 42RECh. 3 - Prob. 43RECh. 3 - Prob. 44RECh. 3 - Prob. 45RECh. 3 - Prob. 46RE
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