CoveredInBees (coveredinbees)

Race #4771

View Pit Stop page for race #4771 by coveredinbeesGhost race

View profile for CoveredInBees (coveredinbees)

Official speed 89.14 wpm (65.29 seconds elapsed during race)
Race Start September 21, 2019 11:15:40pm UTC
Race Finish September 21, 2019 11:16:45pm UTC
Outcome Win (1 of 4)
Accuracy 98.0%
Points 114.39
Text #3640303 (Length: 485 characters)

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.