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The Horizons Bear Plus Fund seeks daily expected returns that are two times (200%) the inverse (opposite) of the performance of the S&P 500 Index.

The Horizons Bear Plus Fund seeks daily expected returns that are two times (200%) the inverse (opposite) of the performance of the S&P 500 Index. If kF = 5% and E(kM) =10%, what is the Beta coefficient for the Bear Plus Fund?

-0.5

-2.0

-4.0

-5.0

+1.0

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