实际上,养老金跟别的债务一样,因此应该用债券收益率来折现。
In effect, pensions are a debt like any other, and should be discounted with a bond yield.
通常的理由是基于一个折现现金流量模型;较低的债券收益率意味着降低贴现率,从而提高股票的现值。
The reasoning is usually based on a discounted-cashflow model; a lower bond yield means a lower discount rate and thus a higher present value for shares.
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.
传统的股利折现模型在对股票定价的过程中,不能精确地确定投资者的预期收益率和未来支付的现金股利,因此存在着一定的缺陷与不足。
As the traditional stock pricing method, dividend discount model is defective in that it cannot precisely determine the expected rate of return of investors and future payment of cash dividend.
为了计算内在价值,你需要把预期产生的现金流折现为现值——我们用的是长期国债收益率。
In order to calculate intrinsic value, you take those cash flows that you expect to be generated and you discount them back to their present value - in our case, at the long-term Treasury rate.
要求的收益率是可接受的最低的收益率,也被称为折现率或资本成本。
Based on the request of weaving high quality textile with lower cost, this spin machine matches the idea of maximum investment profit.
要求的收益率是可接受的最低的收益率,也被称为折现率或资本成本。
Based on the request of weaving high quality textile with lower cost, this spin machine matches the idea of maximum investment profit.
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