-
In '98, I forget which way, but one of the share classes 20% was at a 20% discount to the other and that persisted for several years, so you have economically identical things trading at different prices.
在98年，我不记得是为什么，一支这种类型的股票,比另一只股票便宜,而且这种现象持续了好几年的时间，因此你拥有经济意义上完全相同,但是却以不同价格进行交易的东西。
-
That's because nobody trusted these banks they could go under any day and so they tended to sell at a discount.
那是因为没有人信任这些银行,它们可能在任何一天倒闭,所以它们倾向折价卖纸币。
-
I think that you don't really have self possession if you choose to live in a society because you cannot just discount the people around you.
我认为如果你选择生活在社会中,就不可能完全地自我拥有,因为你不能无视其他人的存在。
-
We tend to fail to discount the situation.
我们往往没有考虑到实际情况。
-
So, I said, okay, I didn't want to assume so we clicked senior and frankly it was then a dead end because apparently to get some senior discount you need to have some special pass or something like this that we didn't have and yet that certainly wasn't obvious here so now we together and this person in particular had to figure out how you go back and then restart this process.
我说，好的，我不希望揣测，所以我点击了老人票,然后问题就来了，因为似乎,需要特殊的号码之类的东西来购买老年票,但是我们没有,明显我们不应该走这步,现在我们一起必须找出,怎样返回，然后重新开始这个步骤。
-
The discount rate that is shown is the number that you plug into a formula to get the price.
这里显示的折扣率,需要被代入一个公式来获得价格
-
In 2003 they decided to change that and they decided to raise the discount rate above the Federal Funds Rate.
在2003年，他们决定改变这个现状,并且决定将贴现率提升到,联邦资金利率之上。
-
What's essential about the Primary Dealer Credit Facility is that they're opening up the discount window of lending beyond the member bank to primary dealers.
一级交易商信贷工具中,最本质的东西是,他们将会员银行的贴现窗口,向一级交易商打开了。
-
The discount rate is the rate that the Fed charges for loans to member banks.
贴现率是,美联储对会员银行贷款的所求比率。
-
Effectively, you get interest from this because it's sold at a discount, so the price that you pay is equal to one hundred minus the discount.
实际上,你仍然从中获得利息,因为债券是打折出售的,所以买入价,等于一百减去折扣
-
They go back to ancient times, but I'm going to talk about some of our modern institutions and I'm going to talk first about discount bonds.
它能追溯到远古时代,不过今天要讲的是现代商业机构的利率,首先要讲的是贴现债券
-
Yes. I think that you don't really have self possession if you choose to live in a society because you cannot just discount the people around you.
是的，我认为如果你生活在社会中,就不可能完全拥有自主权,因为你不能无视其他人的存在。
-
So, that's how you go from the discount rate to the investment rate.
这就是从折扣率到投资收益率的换算过程
-
That's how we go from the discount rate to the investment rate.
这就是从折扣率到投资收益率的换算过程
-
They were worried that if the discount rate is fifty basis points below the Federal Funds Rate then it's going to hit zero and that would be embarrassing; so they moved it.
他们担忧的是,如果贴现率比,联邦资金利率低五十个基本点,那么它将会接近零点,并且那将会很尴尬；所以他们改变了它。
-
They've been cutting the spread between the discount rate and the Federal Funds Rate again it's an effort to stimulate the economy.
他们一直在缩减,贴现率与,联邦资金利率之间的宽度,同样它又是刺激经济的努力。
-
So what everybody knows is that the discount is converted into a price according to this formula.
所以每个人都知道,折扣率可以通过这个公式转换成价格
-
What they wanted to do starting in 2003 was to eliminate the idea that the discount rate is only for banks who are in trouble.
在2003年他们开始想做的事3,是消除,贴现率仅仅是为了那些处于困境的银行而设立的。
-
Well, there's a formula that's been used by bond traders for hundreds of years and it's a traditional expression, which goes from the discount rate to the price.
这里有个债券交易商,用了上百年的公式,这是个传统表达式,它能用折扣率算得价格
-
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
-
Anyway, I want to talk you understand now about discount bonds?
回到正题,你现在理解贴现债券了吗
-
They wanted to eliminate the stigma it used to be embarrassing to borrow at the discount window because the discount rate would because it would be an admission that the bank is in trouble.
他们希望消除这种瑕疵,过去在贴现窗口借钱,常常被认为是尴尬的事,因为贴现率将,因为这将是处于困境的银行的,进入权。
-
We call an instrument of the U.S. Treasury with a maturity less than or equal to one year--we call that a bill and they used to be the only discount bonds issued by the U.S. Government.
我们把期限小于或等于一年的,国库券品种称为短期国库券,它们曾是美国政府,唯一发行的贴现债券
-
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
-
So, Andrew Redleaf bought General Motors bonds, which were selling at a discount because people worry that General Motors wouldn't be able to pay on them, and then he asked to speak to the General Motors management.
安德鲁·莱德利夫买了通用汽车的债券,这个债券是以折扣价购买的,因为人们担心,通用汽无法偿付债券,莱德利夫接着要求,与通用汽车公司的管理层会面
-
You have to discount something that's one period in the future by dividing it by 1+r.
你必须把未来一段时间内的资金通过,除以1+r来贴现
应用推荐