Yet, with a 20% average yield, junk bonds could provide nice returns, even in that scenario.
然而,即使在这种情况下,凭着20 %的平均收益率,垃圾债券可以提供不错的回报。
High dividend payments have been a ray of light for shareholders: On average, the big Banks pay out almost a third of their earnings, for an average dividend yield of about 4.7%.
对于股东来说,高股息支付已成为一道曙光:平均来看,四大国有银行将收入的近三分之一用于派发股息,平均股息收益率约为4.7%。
It is not hard to see why they resist: a safe system would force average returns lower as high-yield activities came with more frequent, but systemically harmless, failures.
不难看出后者为什么抗拒:一个安全的系统将压低平均回报率,因为高收益活动将带来更频繁的、于系统无害的倒闭。
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