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
Let's say this thing pays one pound a period forever.
假设公债规定永远于每时间段支付一英镑
It sells for about 20 cents a pound, so that represents about one-third of a trillion dollars.
它的价格为20美分每磅,这价值,大约为3000多亿美元。
Pound was one of the contributors.
庞德是杂志的发起人之一。
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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