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Equity
market value of the portfolio
E
V
Margin (%) =
HPR =
HPY= HPR 1
Annual HPR = (HPR)(1/n)
Annual HPY= Annual HPR 1
Return = Capital gain + Dividend
Final priceInitial price+ Dividend
Return (%) =
Initial price
V L
V
ending value
beginning value
100%
HPY
n
AM =
GM = (HPR) (1/n) -1
re = rf + (rm rf)
Nominal Risk Free Return (NRFR) = (1+real risk free return) (1 +
inflation rate ) -1
n
Pi Ri
Expected Return =
i=1
W i Ri
i=1
( Ri R )2 Pi
i=1
Coefficient of variation, CV =
Portfolio risk,
Portfolio risk,
( W ) +( W
( W ) +( W
2
2 ) + 2W 1 W 2 1 2 r 1,2
2 ) + 2W 1 W 2 Cov1,2
( W ) +( W
2
( R s Rs ) ( B R B ) P
Covariance(1,2) =
i=1
( RS R S ) (RB R B)
Covariance(1,2) =
i=1
n1
( R iE R )2 Pi
Variance, =
Standard deviation, =
Offer price =
Return =
Return of complete portfolio, Rc= (Wrisk free rrisk free) + (Wrisky rrisky) =
i=1
variance
NAVS
1front end load( )
100%
1
2
2 A
E ( R c ) r f
c
Y=
E ( R p )r f
A 2p
1
2
2
2 Ay p