Asset Management - IC-99 Exam Study Notes

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Total Return = Cash payment on account dividend or interest received during a particular period plus (+) the price change over the period / Price paid for purchase of instrument.
Relative Return is 1 + total return in decimal.
Arithmetic Mean or Average is the sum of all of the numbers in a series divided by the number of items in that series.
Real Return = [(1 + Nominal Return) / (1 + Inflation Rate)] - 1.
The expected return of a portfolio is simply the weighted average of the expected returns of the individual stocks & securities in the portfolio.

Important Points for IC 99 - Asset Management Exam