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Racer ANUJ (_slowest__)
Race Number 4273
Date Mon, 6 May 2019 06:19:44 +0000
Speed 71 WPM Try to beat?
Accuracy 98.1%
Rank 1st place (out of 3)

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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