View Pit Stop page for race #151 by rasbiehl — Ghost race
View profile for Rasmus (rasbiehl)
Official speed | 64.15 wpm (90.72 seconds elapsed during race) |
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Race Start | July 30, 2017 10:18:15am UTC |
Race Finish | July 30, 2017 10:19:46am UTC |
Outcome | Win (1 of 3) |
Accuracy | 95.0% |
Points | 82.32 |
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. |