It is true that dividends, rather than capital appreciation, have provided a big chunk of long-term equity returns.

分红收益而不是资本升值给提供了大量的长期股权收益。

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Take a bank that replaced long-term debt with equity in order to raise its ratio of equity to risk-adjusted assets from 10% to 15%.

银行将债权转为股权，用以将其股权对风险调整资产的比例从10%，调整到15%。

youdao

He said companies use the term 'brand equity' to describe the measurable value of their brands.

他说公司常用“品牌资产”这一术语描述他们品牌的可评估价值。

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.. The equity premium is the-- 2.8% this short-term 2.8% is the riskless return, historically, for a period of almost 200 years.

股权溢价就是-,这个短期无风险投资收益率是，是根据近200年的数据得出的。

耶鲁公开课 - 金融市场课程节选

But, when you move from lending money to the government -either short-term with bills or longer term with bonds -to investing in the equity market, there's a stunning difference in terms of the returns.

当你转变投资方式,从借钱给政府,即通过短期债券或长期债券的形式,变成投资于股票市场,回报率的差别会大到让你吃惊

耶鲁公开课 - 金融市场课程节选

However, since VC partnerships mostly make long-term equity investments, most of their profit is long-term capital gain.

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Employees with long-term equity incentives have seen their stakes wiped out, and may be hard to retain.

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It is true that dividends, rather than capital appreciation, have provided a big chunk of long-term equity returns.

ECONOMIST: Stockmarkets and dividends