三个主要的股票指数都发布了它们连续3个月的收益情况。
All three major stock indexes posted their third straight month of gains.
第三，在某些情况下，借贷成本是低于存款收益的。
Third, the borrowing cost in some cases is lower than the deposit interest rate.
在这种情况下获得的高收益通常不会是一种危险的信号。
在极端情况下，如果没有任何进步的可能性，你的收益就是他人的损失。
In the extreme, without the possibility of progress of any sort, your gain is someone else's loss.
正常情况下，债券收益率会相应上涨，可是，这次它们几乎没有任何变化。
Normally, bond yields would rise in response; instead, they have barely moved at all.
然而，即使在这种情况下，凭着20 %的平均收益率，垃圾债券可以提供不错的回报。
Yet, with a 20% average yield, junk bonds could provide nice returns, even in that scenario.
在需求弹性不变的情况下，边际收益是多少？
2 (Exercise) For the case of constant elasticity of demand, what is marginal revenue?
然而，上述两种情况下的收益都要小得多。
但在多数情况下，应纳税所得在数额上与会计税前收益差不多。
But in most cases, taxable income is similar in amount to income before income taxes.
如果再投资率低于赎回收益率，则会出现相反情况。
If the reinvestment rate is lower than the redemption yield, the opposite is true.
如果再投资率低于赎回收益率，则会出现相反情况。
If the reinvestment rate is lower than the redemption yield, the opposite is true.
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