discounted-payback rule 贴现回收期法则 discounted-cash-flow rate of return 贴现现金流量的收益率 internal rate of return (IRR) 内部收益率 ..
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通常的理由是基于一个折现现金流量模型;较低的债券收益率意味着降低贴现率,从而提高股票的现值。
The reasoning is usually based on a discounted-cashflow model; a lower bond yield means a lower discount rate and thus a higher present value for shares.
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