[CFA Level I] 15, Holding-Period Returns and the Risk Premium

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - How to calculate holding-period return using periodic income and capital appreciation. - The distinction between dividend yield and capital gain yield in total return. - How to compute realized excess return relative to a nominal risk-free benchmark. - The difference between ex ante required risk premiums and ex post realized excess returns. - A simple decision rule and mnemonic for holding-period calculations. This independent study resource is designed to supplement your study schedule for the CFA Level I exam. Access practice materials at https://open-exam-prep.com/practice/cfa-level1 and watch video explanations at https://www.youtube.com/@Open-exam-prep . Sources checked: October 12, 2026 https://www.cfainstitute.org/programs/cfa-program/candidate-resources/level-i-exam https://www.cfainstitute.org/sites/default/files/2027levelitopicoutline_online.pdf