Now I use the word "cult" and every year people look at me and say "what is cult? I don't even understand what that means."
在这里我用“祭仪“这个词,每一年人们都会问我,“什么是祭仪?我甚至不知道它是什么意思,“
What is the present value of that? Well, the first-- each payment we'll call a coupon-- so it pays one pound one year from now.
那么它的现值又是多少呢,首先,每一次支付的数额称为一个券息,从现在开始每一年都要支付一英镑
I'm going to have each observation as a year.
将每一年的数据作为一个观察值
Let's say that the British Government didn't say that they'll pay one pound per year, but it'll be one pound the first year, then it will grow at the rate g and it will eventually be infinitely large.
我们假设英国政府并没有说,他们会每一年支付一英镑,但它会是第一年支付一英镑,然后它会顺着利率g上涨,最后它就变成了无尽大的数目
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