Both the index duration and the spread duration are the decreasing functions of the discount margin.

利率久期和利差久期都是贴现利差的递减函数。

youdao

First, assume the discount applies solely to the low-margin good.

首先，假设折扣完全针对低利润产品。

youdao

Actually most companies base their model on a 60% margin, which would lead to a 2.6x multiplier, but I'm applying a bit of a discount to capture that initial Maker altruism.

事实上，大部分公司都是60%是提价，这会产生2.6倍的乘积，但是我考虑了一点优惠，可以获得第一批客户。

youdao

To meet margin calls, McClendon rapidly unloaded his Chesapeake stake, much of it at a notable discount to what he paid.

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