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Q3. Triple-leveraged ETFs Underlying unlevered ETF demonstrated the following path over a four day period: Day 0 1 2 3 4 Price 100 110 100

Q3. Triple-leveraged ETFs

Underlying unlevered ETF demonstrated the following path over a four day period:

Day 0 1 2 3 4

Price 100 110 100 90 100

Assuming risk-free rate of interest of zero for both lending and borrowing.

a.You are managing a 3X leverage ETF that targets 3 times the daily return of the underlying index. If the starting with a price of 100, what is the daily price?

Day 0 1 2 3 4

Price 100 __ __ __ __

explain to me and show me how u get the numbers/answers please.

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