because shareholder value creation can be come true when the expected rate of return is higher than capital costs of the company.
也只有在收益高于资金成本的情况下,企业才是在真正为股东创造价值。
as the traditional stock pricing method, dividend discount model is defective in that it cannot precisely determine the expected rate of return of investors and future payment of cash dividend.
传统的股利折现模型在对股票定价的过程中,不能精确地确定投资者的预期收益率和未来支付的现金股利,因此存在着一定的缺陷与不足。
spreads the insurance company is the actual rate of return on investments and the expected rate of return on investments led to the difference between the income or loss;
利差是保险公司实际投资收益率和预定投资收益率的差额导致的收益或者亏损;
by taking into the account the expected rate of return and the risk involved kelly's utility function maximizes the overall growth of your bankroll.
通过参加进账户被期望的收益率和危险包含凯利的实用功能使你的资金的总的生长最大化。