By tradition, they divide by 360, not 365, and so you understand that dealers of Treasury bills tend to quote "discounts."
习惯上他们除以360,而不是365,国库券的经销商,习惯于谈论"贴现"
I have a distributor, so most of the books are sold through my distributor.
我有一位经销商,大部分书是通过他卖出去。
We try to be--I think investing is about clipping coupons, about getting cash flow and getting and controlling cash flow, but there are good resellers.
我们试图-我认为投资就是关于获得票息,关于得到现金流,和控制现金流,但是我们也有好的经销商。
There are successful coupon clippers and there are successful securities resellers and they tend to make their money off of the unsuccessful people in the other class.
既有成功的票息剪券投资者,也有成功的债券经销商,他们希望从其他阶层,不太成功的投资者身上赚钱。
If your dealer quotes you a discount rate of 2.51%, you know how to convert that into the price and that's all that matters--all that really matters is the price you have to pay.
如果经销商告诉你折扣率是2.51%,你要知道如何转换成价格,真正和你有关系的,是你需要付多少钱
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