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当通胀低而平稳时,股票价值,按收益率计算的话,通常最高。
Equity valuations, as measured by the price-earnings ratio, tend to be highest when inflation is low and stable.
对内部软件项目来说,收益或是以项目的‘净现值’计算,或是以内部收益率计算。
For internal software projects, return is either calculated in terms of the 'Net Present Value' of the project, or in terms of an internal rate of return.
时至今日,展期收益为- 13.35%,而且未来两个月的收益率以年率计算的话为- 38.4%。
In the year to date the roll yield has been minus 13.35%, and the annualised yield on the next two months 'contracts is minus 38.4%.
They like to--when they're computing the investment yield, they want to be completely honest and not use any rules of thumb.
当他们计算投资收益率的时候,他们需要完全精确,而非用经验公式
Also, they don't have to actually--in the old days, they didn't actually have to compute the investment rate.
其实在过去人们不必,真正计算投资收益率
I computed the average return on stocks over that time period and I computed the average return on bonds over that time period.
我计算了那个时间段的股票平均收益率,和债券平均收益率。
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