RE:The Answer...... $1.86.... NOT $2.00 !!!! PURE MATH.LOL ! trying to impress the gallery,with the ARITHMERTIC SEQUENCE ????
That is a whicked application you must have .
This could be explained simply by a phenomenon known as "decay" or "erosion" over time.
ETF like HNU can deliver high returns over short periods when its underlying asset moves in the desired direction, it can also experience significant erosion in value over longer periods, especially in a choppy or sideways market. This erosion effect can be exacerbated by volatility, as frequent changes in the underlying asset's price can lead to less favorable compounding effects for the ETF.
And all that MUMBO JUMBO MATH, results in a reverse split at these prices .........
LOL ....