巴西债券的风险溢价一路飙升。
股市已将更高的风险溢价计入股价中。
A higher risk premium for the equity market has already been priced in.
对这些国家的风险溢价已经明显增加。
结果是5.3%的风险溢价。
第一种是市场常见的收益类型，带有风险溢价性质。
市场风险溢价到底如何呢？
如果他们不能，他们只会向企业要求更高的风险溢价。
If they cannot, they will simply charge companies a higher risk premium instead.
为此，本文将研究中国股权风险溢价问题。
这个形状也反映了持有长期债券的风险溢价。
This typical shape reflects the risk premium for holding longer-term debt.
信用风险溢价通常被认为是对信用风险的补偿。
Credit risk premium is generally considered to be compensation for credit risk.
第一步是尽可能精确地界定股票风险溢价的范畴。
The first step is to define the equity risk premium more exactly.
如果信贷紧缩持续下去，新兴市场债券的风险溢价就可能上升。
If the credit crunch persists, the risk premium on emerging market debt is likely to rise.
出借人要求更高的购买力回报与风险溢价，导致利率大幅上涨。
Interest rates significantly increase due to the higher purchasing power and risk premiums demanded by the lenders.
在1999年购买股票的投资者并没赚到风险溢价。
Investors who bought shares in 1999 did not earn a risk premium.
截止1797年，美国证券的风险溢价甚至曾一度低于英国证券。
percent. By 1797, for a brief period, American securities carried a lowerrisk premium even than British securities.
如果无风险收益为零，那么全部股票收益将被当作风险溢价。
If the risk-free return is zero, then the entire return from equities will count as a risk premium.
从风险溢价的历史来看，股票投资者未来的收益将会是什么呢？
Given the history of the risk premium, what will the future reward for equity investors be?
在市场中赚取的高风险溢价似乎暗示着投资者是极端风险厌恶的。
The high risk premium earned in the market seems to imply that investors are extremely risk-averse.
尽管这一数据低于历史平均水平，但仍意味着股票投资者能获得风险溢价。
Although this figure is lower than the historical average, it still means that equity investors will earn a risk premium.
他们辨称股权风险溢价就像这个名字所提示的是一种高风险带来的高收益，是不确定的。
They argued that the equity-risk premium, as the name suggests, was a reward for risk and could not be guaranteed.
一个更为严密的论证考虑了证券的风险溢价，即投资者对持有股票所应要求的额外回报。
A more sophisticated argument revolves around the equity risk-premium, the extra return investors should demand for holding shares.
一个更为严密的论证考虑了证券的风险溢价，即投资者对持有股票所应要求的额外回报。
A more sophisticated argument revolves around the equity risk-premium, the extra return investors should demand for holding shares.
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