Just took the 2009 CFAI exam. For the first question the portfolio value in one year is valued at 1.0mm. I had it at 1.044mm due to the expected equity return on the beg. value of 1.1mm (.1mm was taken out for a house I think.) In the schweser afternoon exam 3 for volume 2, we actually account for expected returns to determine portfolio value. So I’m curious which I should use or whether certain circumstances require us to account for it? Thanks.