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Leveraged bull (long) and bear (inverse) ETFs are aggressive investment vehicles. TTT is a 300% leveraged inverse ETF on the US 20+ year Treasury Bond

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Leveraged bull (long) and bear (inverse) ETFs are aggressive investment vehicles. TTT is a 300% leveraged inverse ETF on the US 20+ year Treasury Bond price. Which of the following statements is least correct? If interest rates rise, having investments in TTT, will offset losses in a bond portfolio of long term (20+ year maturities) US treasury Bon If interest rates decline, TTT prices will rise 3 times the rise in the price of the 20+ year US Treasury securities. If interest rates decline, having investments in TTT, will offset gains in a bond portfolio of long term (20+ year maturities) US treasury Bonds. If interest rates rise, TTT prices will rise 3 times the percentage loss in the price of the 20+ year US Treasury bond

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