View Pit Stop page for race #1057 by mcg1712 — Ghost race
View profile for max (mcg1712)
| Official speed | 56.22 wpm (103.52 seconds elapsed during race) |
|---|---|
| Race Start | November 23, 2019 10:07:43pm UTC |
| Race Finish | November 23, 2019 10:09:27pm UTC |
| Outcome | Win (1 of 4) |
| Accuracy | 96.0% |
| Points | 72.15 |
| Text | #3640303 (Length: 485 characters) Ultimately, the real yield on stocks - and, therefore, through arbitrage, the real yield on longer bonds - is determined by the profitability of corporations and the real return that they earn on their capital. It is useful to distinguish between physical and financial returns. The return on physical capital includes here the return on the organization, management, and the so-called human capital - that is, the education, training, experience, and esprit de corps of the workforce. |