Rather than say $99.58, we just quote the 2.51 and everybody knows how to convert.

而不是说99.58美元,我们只说2.51,大家都知道如何换算

耶鲁公开课 - 金融市场课程节选

So, that is not--your return is actually higher than 2.51% on an annualized basis.

所以,你的实际年收益率,应该高于2.51%

耶鲁公开课 - 金融市场课程节选

It equals 2.51--that's the discount rate that you see up there-- well, /360.

等于2.51,就是上面显示的折扣率,/360

耶鲁公开课 - 金融市场课程节选

The boy would go say, we're offering to pay a discount rate of 2.51-- that was the formula and then anyone could do these calculations; they knew what it meant.

小男孩跑去说,我们愿意以2.51%的折扣率买入,公式就是那样用的,每个人都能算出价格,他们知道是什么意思

耶鲁公开课 - 金融市场课程节选

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

耶鲁公开课 - 金融市场课程节选