Interest rates are used to discount those cash flows and calculate their present value.
利率是用于对于未来现金流折现的。
The bank will discount it. Sometimes we say "present discounted value."
银行肯定会贴现。
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.
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。
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