假如再投资率高于赎回收益率，假定持有至偿还期，则有息债券的实践报答远远高于赎回收益率。
If the reinvestment rate is higher than the redemption yield then the actual return on the bond, assuming it is held to maturity, will be higher than the redemption yield.
这儿就要提到利率了：受益人可以得到所有的税后增值收益，也称最低预期资本回收率，这个收益率与现行利率相挂钩。
Here's where low interest rates come in: the beneficiary gets all the appreciation minus a tax, known as the hurdle rate, which is tied to current interest rates.
非折现的方法有回收期法和会计收益率法。
Non-discounting methods includes payback period and accounting rate of return.
财务净现值、内部收益率、动态投资回收期等是房地产投资的动态财务评价指标，它考虑了资金的时间价值，从项目的全寿命期考虑，比较合理和准确。
They concern about the timing value of the investment while considering the whole process of the project so that are reasonable as well as accurate.
财务净现值、内部收益率、动态投资回收期等是房地产投资的动态财务评价指标，它考虑了资金的时间价值，从项目的全寿命期考虑，比较合理和准确。
They concern about the timing value of the investment while considering the whole process of the project so that are reasonable as well as accurate.
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