...售成本,默克制药又可以把固定研发费用摊入较大的销售额,而医药行业的规模经济意味着默克制药拥有较低的资产基础(Asset Base),这就形成了超过礼来制药的资产收益率。
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我的客户拥有的总资产基础超过了1万亿美元。
My clients have a total asset base of more than a trillion dollars.
股东们认为,银行连续经营的企业,有着强大的资产基础,尽管遭受短期流动性问题。
The shareholders argue that the bank was a going concern and had a strong asset base, albeit hit by short-term liquidity problems.
这样,加强之后的雷曼公司的股权可以达到430亿美元,大约是原有资产基础的两倍。
The equity of this reinforced Lehman would have been $43 billion, roughly double the size of its old capital base.
That will lead us into the capital asset pricing model, which is the cornerstone of a lot of thinking in finance.
然后引出资本资产定价模型,这个模型是很多金融思想的基础。
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