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Racer Mahmoud (mahmoud_adel)
Race Number 5070
Date Tue, 23 Apr 2019 08:13:17 +0000
Speed 79 WPM Try to beat?
Accuracy 96.1%
Rank 1st place (out of 5)
Opponents imtiaz123 (4th place) joprince (2nd place) kabsa1985 (5th place) sngyongkang (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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