IFIC Certification Prep: Must-Know Formulas
for Success
Total Assets - Total Liabilities ÷ Number of Shares/Units Outstanding - correct answer ✔✔Net
Asset Value Per Share/Unit (NAVPS/NAVPU)
Net Profit - Preferred Dividends paid ÷ # of Common Shares Issued - correct answer
✔✔Earnings Per Common Share (EPS)
Common Capital Stock + Retained Earnings + Contributed Surplus ÷ Number of Common Shares
Issued - correct answer ✔✔Book Value per Common Share (BVPS)
Annual Income ÷ Current Price of the Bond - correct answer ✔✔Current Yield for A Bond
Annual Income +/- Annual Price Change ÷ Average of Current Market Price and Maturity Price -
correct answer ✔✔Yield to Maturity
NAVPS ÷ 1 - Sales Charge (expressed as %) - correct answer ✔✔Front - End Load
# of Unemployed Persons ÷ Labour Force - correct answer ✔✔Unemployment Rate
[(CPI current year - CPI past year) ÷ CPI past year] x 100 - correct answer ✔✔Consumer Price
Index (CPI)
Current Years CPI Value - Previous Year CPI Value ÷ Previous Year CPI Value - correct answer
✔✔Inflation Rate
for Success
Total Assets - Total Liabilities ÷ Number of Shares/Units Outstanding - correct answer ✔✔Net
Asset Value Per Share/Unit (NAVPS/NAVPU)
Net Profit - Preferred Dividends paid ÷ # of Common Shares Issued - correct answer
✔✔Earnings Per Common Share (EPS)
Common Capital Stock + Retained Earnings + Contributed Surplus ÷ Number of Common Shares
Issued - correct answer ✔✔Book Value per Common Share (BVPS)
Annual Income ÷ Current Price of the Bond - correct answer ✔✔Current Yield for A Bond
Annual Income +/- Annual Price Change ÷ Average of Current Market Price and Maturity Price -
correct answer ✔✔Yield to Maturity
NAVPS ÷ 1 - Sales Charge (expressed as %) - correct answer ✔✔Front - End Load
# of Unemployed Persons ÷ Labour Force - correct answer ✔✔Unemployment Rate
[(CPI current year - CPI past year) ÷ CPI past year] x 100 - correct answer ✔✔Consumer Price
Index (CPI)
Current Years CPI Value - Previous Year CPI Value ÷ Previous Year CPI Value - correct answer
✔✔Inflation Rate
