So this chapter’s first task is to defineand explain net present value, rate of return, and opportunity cost of capital.

因此本章的第一个任务就是定义和解释净现值、回报率和资本的机会成本。

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The price is just the present value of that stream, discounted at the interest rate.

债券的价格就是这些现金流,以利率r为贴现率算出的贴现值

耶鲁公开课 - 金融市场课程节选

At a 3.0% GDP growth rate, the present value of future federal revenues equals infinity.

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You can calculate a stream of earnings off the asset, apply an assumed discount rate and determine a present value for the assets.

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The lower the interest rate, the higher the present value of those future payments.

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