我想谈一谈作为评价企业经营管理竞争力的平均市场价格的重要性。
Something should be said about the significance of average market prices as a measure of managerial competence.
当上市公司签订的股份回购合同中所规定的股票回购价格高于当期普通股平均市场价格时,应当计算稀释每股收益。
When the stock repurchase price in the listed company's share repurchase contracts is higher than current average market price of ordinary shares, and diluted earnings per share should be calculated.
也许这一行业里平均成本随一所学校的规模增加而剧增,所以成本最低的学校能将成本保持在市场价格以下。
It is possible, however, that the industry faces a sharply rising average-cost curve, so that the costs of the efficient firms are lower than the market price.
But that no particular stock is more or less likely to outperform the market, because all the information is incorporated in the price.
但是没有那一种特殊的股票是,最有可能比市场平均表现更好的,因为所有信息都是包含在价格上的。
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