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Assuming a leveraged ETF that promises to pay 3X the benchmark, and the benchmark offered a positive return at the end of the day of
Assuming a leveraged ETF that promises to pay 3X the benchmark, and the benchmark offered a positive return at the end of the day of 15%. If the initial NAV is 100. How much does the ETF need to rebalance assuming no entry/exit of flows to the fund?
Select one:
a. 90
b.70
c.50
d. 40
I will like ,thanks
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