By tradition, they divide by 360, not 365, and so you understand that dealers of Treasury bills tend to quote "discounts."
习惯上他们除以360,而不是365,国库券的经销商,习惯于谈论"贴现"
I have a distributor, so most of the books are sold through my distributor.
我有一位经销商,大部分书是通过他卖出去。
We try to be--I think investing is about clipping coupons, about getting cash flow and getting and controlling cash flow, but there are good resellers.
我们试图-我认为投资就是关于获得票息,关于得到现金流,和控制现金流,但是我们也有好的经销商。
There are successful coupon clippers and there are successful securities resellers and they tend to make their money off of the unsuccessful people in the other class.
既有成功的票息剪券投资者,也有成功的债券经销商,他们希望从其他阶层,不太成功的投资者身上赚钱。
I think reselling is an element of things like venture capital.
我想经销是类似于,风险投资之类的组成部分。
If your dealer quotes you a discount rate of 2.51%, you know how to convert that into the price and that's all that matters--all that really matters is the price you have to pay.
如果经销商告诉你折扣率是2.51%,你要知道如何转换成价格,真正和你有关系的,是你需要付多少钱
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