2025 CFA Level I Exam: Topic 1. Quantitative Methods - Learning Module 1. Rates and Returns

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	1. Interest Rates and Time Value of Money interpret interest rates as required rates of return, discount rates, or opportunity costs and explain an interest rate as the sum of a real risk-free rate and premiums that compensate investors for bearing distinct types of risk
	2. Rates of Return calculate and interpret different approaches to return measurement over time and describe their appropriate uses;
	3. Money-Weighted and Time-Weighted Return compare the money-weighted and time-weighted rates of return and evaluate the performance of portfolios based on these measures
	4. Annualized Return calculate and interpret annualized return measures and continuously compounded returns, and describe their appropriate uses
	5. Other Major Return Measures calculate and interpret major return measures and describe their appropriate uses

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