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Race Result Details |
| Racer | Financier (financier) |
| Race Number | 58 |
| Date | Thu, 13 Dec 2018 20:49:11 +0000 |
| Speed |
112 WPM
 Try to beat?
|
| Accuracy | 96.8% |
| Rank | 4th place (out of 5) |
| Opponents | allen135190 (3rd place) amun (2nd place) sidd_ (1st place) |
Text typed:
 
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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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