Quick Hit: Get crystal‑clear on how
return is measured and why interest rates drive asset pricing.
In 20 minutes you’ll: - Contrast required, discount & opportunity‑cost rates
- Build a nominal rate from real Rf + inflation + risk premia
- Master HPR, arithmetic vs. geometric mean & money‑ vs. time‑weighted return
No fluff—just the formulas, shortcuts & exam‑day traps you need.
