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Racer David Lex (davidjohnston15)
Race Number 2625
Date Wed, 5 Sep 2018 02:18:28 +0000
Speed 97 WPM Try to beat?
Accuracy 98.9%
Rank 5th place (out of 5)
Opponents atthetop (4th place) mark40511 (2nd place) noomo (1st place) uchihalol (3rd 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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