riskless rate of return 无风险投资收益率 ; 无风险收益率
Then finally, the final step is to find what is the tangency line that goes through the riskless rate.
在最后,最终的步骤是找出一条,穿过无风险收益率的切线。
The short-term riskless rate is one of the most fundamental and important prices determined in financial markets. It is driving the changes in the entire term structure.
短期无风险利率是金融市场上最基本也是最重要的价格决定因素,它驱使着整个期限结构的变动。
Credit spreads-that is to say, the risk premium over and above the riskless rate of interest-widened to unprecedented levels and eventually the stock market also was overwhelmed by panic.
信用利差(即高于无风险利率的风险溢价)被放大到前所未有的程度,并且导致股票市场充斥着恐慌情绪。
Then finally, the final step is to find what is the tangency line that goes through the riskless rate.
在最后,最终的步骤是找出一条,穿过无风险收益率的切线。
That would be a portfolio where you borrowed at the riskless rate and you put more than 100% of your money into the tangency portfolio.
在这种组合里,你可以以无风险利率借贷到一些资金,从而可以投入比你本金更多的资金,来购买切线投资组合。
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