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Racer Guan Ying (modusoperand)
Race Number 9847
Date Fri, 27 Mar 2020 23:56:30 +0000
Speed 66 WPM Try to beat?
Accuracy 94.8%
Rank 3rd place (out of 5)
Opponents abaho (4th place) aidoo (5th place) goodmania (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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