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7. With an opening (Index)value of 100, calculate the closing value of a 2 x Leveraged ETF over three trading days if the underlying Benchmark

7. With an opening (Index)value of 100, calculate the closing value of a 2 x Leveraged ETF over three trading days if the underlying Benchmark reference Asset moves are as follows: Day 1 Fall of 5.0%, Day 2 Fall of 3.0%, Day 3 Rise of 4%. What is the difference between the two values after 3 Days? Show your workings

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