So this chapter’s first task is to defineand explain net presentvalue, 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。
2
The reasoning is usually based on a discounted-cashflow model; a lower bond yield means a lower discount rate and thus a higher presentvalue 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。
3
Often used in capital budgeting, IRR is the interest rate that makes net presentvalue of all cash flow equal zero.