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

耶鲁公开课 - 金融市场课程节选

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

耶鲁公开课 - 金融市场课程节选

The formula is-- I could write it this way: price equals one hundred minus this.

公式是,可以这样写,价格等于100减去这些

耶鲁公开课 - 金融市场课程节选

That's another conventional formula that goes from interest rate to price of the security.

这是另一条已知利率,求证券价格的经验公式

耶鲁公开课 - 金融市场课程节选