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Racer Jane (slalomwondergirl)
Race Number 2715
Date Mon, 4 Nov 2019 03:46:43 +0000
Speed 70 WPM Try to beat?
Accuracy 96.0%
Rank 3rd place (out of 5)
Opponents jakemr (2nd place)

Text typed:

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.
Applied Intermediate Macroeconomics (book) by Kevin D. Hoover (see stats)

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