ariel (borginer)

Race #103

View Pit Stop page for race #103 by borginerGhost race

View profile for ariel (borginer)

Official speed 56.92 wpm (102.25 seconds elapsed during race)
Race Start August 24, 2020 10:44:01am UTC
Race Finish August 24, 2020 10:45:44am UTC
Outcome No win (4 of 4)
Accuracy 96.0%
Points 73.04
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.