英语考试剑桥商务英语bec金融英语之银行利率部分

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1、InterestRate利率9/6/20211ChenJianhuiPartOne:Whatisinterestrate?Theownerofanassetwhodoesnotneeditatthemomentcan(1)sellitandsurrenderpossessionpermanentlyor(2)rentitandregainpossessionatthematurityoftherentalperiod.9/6/20212ChenJianhuiIntheabsenceofapsychologicalpreferenceforownin

2、ganassetperse,theowner(orbuyeroftheserviceswouldbeindifferentbetweenselling(buying)orrentingtheassetifthesumoftheexpectedrentalfeesoveritsexpectlife,discountedtothepresentbythemarketrateofinter(thepresentvalue),wereequaltothepriceoftheasset.如果资产有效期内的预期租金按市场利率（现有价值）打折后，与资产的价格相等

3、，资产的所有者（或劳务的购买者）假如不是心理上对拥有个人财产的偏爱，可能对卖（或买）资产或租赁资产反映冷淡。9/6/20213ChenJianhuiIfthepriceexceedsthesumofthediscountedexpectedrentalvalues,theownerwouldprefertoselltheassetandthebuyerwouldprefertorentit.Thepriceandrentalfeeswouldadjustuntiltheywereinequilibriumagain.equilibrium:平衡9/

4、6/20214ChenJianhuiOfcourse,manyofusgetapsychologicalkickoutofowninganassetratherthanrentingone.Owningourownhome,automobile,orevenbookgivesusasenseofprideandsuccessthatcannotbeobtainedfromrentingtheircounterparts.getkickoutof…beexcitedbecauseof由于…...感到兴奋9/6/20215ChenJianhuiThis

5、valueofownershipcanbeconvertedintomonetarytermsandaddedtotheownershipprice.Ownershipprideislessimportanttobusinessfirms,whicharemotivatedmorehighlybymonetaryvalues.所有权价值可以转换成货币单位，并增加所有权的价值。所有权的自豪感对于商业公司来说不太重要，这些公司所追求的是货币值。9/6/20216ChenJianhuiTheannualrentalteemaybeviewedastheo

6、wner'sreturnontheasset.Assumethatyourequiredtransportationservicesforthenextyearthatcouldbeprovidedonlybyanautomobile.Youhavetheoptionofbuyinganautomobileandsellingitafteroneyearorofleasingtheautomobilefortheyear.9/6/20217ChenJianhuiIfyourented,themarketrentalfeewouldbethesumo

7、ftwocomponentfees--thepurerentalpriceanddepreciation.Duringthedurationoftherentalcontract,therentalagencywouldnotbeabletousetheservicesoftheautomobile.9/6/20218ChenJianhuiAsaresult,youwouldhavetocompensatetheagencyforthevalueoftheservicesitcouldnotuse.Thisfeemaybeviewedasthepu

8、rerentalprice.9/6/20219ChenJianhuiAsyouusetheautomobile,youco