收益率

it has great significant to build credit spreads index which shows the yield spread between treasury bonds and corporate bonds. credit spreads index is not only the criterion of notes pricing for brokers and investors, but also the measure of corporate credit.

构造国债收益率和公司债收益率之间的差距即信用利差指数具有重要的意义，不仅为券商和债券投资者提供债券定价依据，还可以度量发债公司的平均信用水平，为宏观经济的运行提供参考。

Term structure of interest rate, which is also called the yield curve, plots a set of yield to maturity of the zero-coupon bonds with different maturities.

利率期限结构，又称为收益率曲线，是指在某个时点上不同期限的零息债券到期收益率所组成的一条曲线。

Calculation of the bond yield to maturity of the procedures, the procedures used to calculate the fixed-rate interest-bearing bonds yield to maturity.

详细说明：计算债券到期收益率的程序，本程序用来计算固定利率附息债券的到期收益率。

The most important issue of securlty markets is the return---risk relation and the retum---risk relation of bonds is reflected by the yield curve that describes the relation between yield to maturity and years to maturity, so yield curve is an important analytical tool which serves as the basis of analysis of the trend of the interest rate and bond pricing.

证券市场最重要的问题是收益一风险的关系，而国债的收益一风险关系就体现在描述到期收益率一到期期限的国债收益率曲线上，该曲线所表示的关系就称做利率的期限结构。

The yield to maturity, expressed as an annualized rate of return, assumes all coupons from the bonds will be reinvested at the same rate.

到期收益率的计算内含一个假设，即到期前收到的全部利息均按到期收益率再投资。

From June 30 this year began, the market interest rate has fallen by 70 basis points more than 1 year, 3-year and 7-year bond yield to maturity showed a clear trend towards decline, the current 1,3-year treasury bonds yield less than 3%.

从今年6月30日开始，市场利率70个基点，跌幅超过1年，3年期和7年期国债的到期收益率呈明显下降趋势走向，目前的1，3年期国债收益率低于3％。

Well, the next computing yield exciting is when we find any gaps in a cell, type "= XIRR (B1: B6, A1: A6)", can be the result of 0.058205, that is, the bonds The yield to maturity was 5.82 percent.

好了，接下来就是激动人心计算收益率的时候了，我们找一个任意的空白单元格，输入"=XIRR(B1：B6，A1：A6)"，即可得到0.058205的结果了，即这个债券的到期收益率为5.82厘。

But Assortative mating by education in marriage market shows that women's investment in human capital has profits not only in labor market but also in marriage market.While the profit of women's human capital investment in marriage market exceeds the loss in labor market,it is rational...

劳动力市场上的性别歧视导致女性人力资本投资在劳动力市场的收益率下降，但只要这一投资行为在婚姻市场的收益率上升足以弥补这种损失，女性增加其人力资本投资就是一种理性的选择。

Equalizing rate of return The rate of return that equalizes the present value of two streams of costs.

平衡收益率指使两组成本流的现值相等的收益率。

The empirical result demonstrates that:(1) the average abnormal reture and accumulated average abnormal reture around and after quarter surplus announcement change obviously, which illustrates the quarter surplus reports are of information content in our A share market;(2) the market can treat different types of accounting surplus data distinguishly by analysing inexpectant surplus as good news or bad news, but it reacts intensely to good news and flatly to bad news:(3) the market investors are paying more and more attention on accounting surplus of listed companies, which can be viewed in the annual text that the surplus reaction coefficient significance enhances;(4) A share market is, basically, under a state of semi-strong efficiency, or at least of an effective process from weak to semi-strong.

实证结果表明：(1)季度盈余报告公布前后平均非正常收益率和累积平均非正常收益率都发生了明显的变化，说明在我国A股市场季度盈余报告是具有信息含量的；(2)通过对未预期盈余分为利好组和利空组的分析，得出市场能够区别对待不同性质的会计盈余数据，但是市场对利空消息反应强烈，对利好消息反应平淡；(3)在分年度的检验中，可以看到盈余反应系数的显著性不断增强，证明我国A股市场的投资者对于上市公司会计盈余的重视程度在不断增加；(4)研究结果倾向于我国A股市场基本处于半强式效率，至少我国证券市场正处在从弱式有效向半强式有效转变的过程中。

Singer Leona Lewis and former Led Zeppelin guitarist Jimmy Page emerged as the bus transformed into a grass-covered carnival float, and the pair combined for a rendition of "Whole Lotta Love".

歌手leona刘易斯和前率领的飞艇的吉他手吉米页出现巴士转化为基层所涵盖的嘉年华花车，和一双合并为一移交&整个lotta爱&。

This is Kate, and that's Erin.

这是凯特，那个是爱朗。