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。

youdao

Often used in capital budgeting, IRR is the interest rate that makes net present value of all cash flow equal zero.

IRR经常用于资本预算，它是使得所有现金流动的净现值为零的利率。

youdao

Specific attention is given to present value and capitalbudgeting, risk and asset pricing, financial analysis and forecasting, financial decisions and market efficiency, and capital structure.

本课程将侧重于现值与资本预算、风险与资产定价、财务分析与预算、财务决策与市场效率，以及资本结构。

youdao

But there would probably be only a limited impact on capital because accounting rules give banks wide latitude in calculating the net present value of the bonds, enabling them to reduce the hit they would take to capital.

ECONOMIST: Greek banks

First, by the corporate income tax, then again by the individual income tax through the tax on dividends, then if you sell the capital investment, through the capital gains tax (which taxes the increase in the present value of the future income stream to the investment, which will be taxed again when earned), then when you die, by the death tax.

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