Well, now we should make Discount mbt shoes

our assets is a cost. That how to measure the cost of our assets? Say first due capital cost, because we are not enterprise, need not pay income tax, so our debt capital cost to want simple, is our loan interest rate, Discount mbt shoes is currently at 5.31%. (enterprise in do investment analysis friends, just not so simple oh, don't derivative). Besides the cost of capital, the rights and interests of relatively complex much....... Because we cannot risk of future an accurate prediction, and every one of us their situation and different income requirements are different. (for example, I have a very good stock, I expect to get 10% of the earnings every year, in order to buy a house, I must sell stocks, for this reason, I cost of capital is 10% of the rights and interests; other friends can only save bank, his cost just 2%; some national debt, he sold in advance of the cost is 3.8%, this is only the concept of opportunity cost). Used to calculate the cost of capital rights and interests, and the common model many have capital cost pricing model (CAPM), factor model (single factor model, the multi-factor model), risk premium method, arbitrage pricing method (APT), etc. But mostly to risk-free return as the foundation, and on this basis to plus a risk and return it. Now you know why I use deposit interest rates to as equity capital cost? In fact, general our yields were higher than those of deposit interest rate, I use the deposit interest rates as the discount rate is mainly for easy calculation, actually underestimate the, the buyer's friends every month the real rent expenditures to high, to actually higher than 5068 yuan. In our MBT Moto GTX, the interest rate is risk-free return rate.

Therefore, I will explain the way in our financial system now. This is that we want to fill the next class. We use a lot of the American economic theory and enterprise management theory, in the macro economic and financial management also gave birth to the American experience, but why move should not effect? Careful friends can be found that the prime minister wen shortly after taking office, the biggest thing is a reform of the financial system (he originally the central financial director of the steering committee. The United States is the risk-free rate? Is Treasury interest rates, because the only country to guarantee the risk to the minimum, America's commercial Banks are enterprise behavior, a market-oriented interest rate, the interest rates higher than the small Banks to big bank interest rate, because of the small Banks ability to resist risks than big bank low, that part of the higher risk premium, is western Banks is to bankrupt (such as British barings bank). Thus, the commercial bank interest rates than the national debt interest rates high, now they found out that the difference? Intentional friends will find that with our country, this is exactly the opposite, our national debt interest rates higher than interest rates. Why? After all, our commercial bank is not to enterprise, and our country also did not complete "bankruptcy law", interest rate marketization process or slow. But you can see the central bank last year in response to the brokers bankruptcy issued about problem financial institutions dealing with personal creditor's rights of a document, specific call what I forget, more than 100000 according to discount purchase. Now people's congress on financial institutions should also prepare bankruptcy law. Now everybody should have guessed the policy of the government to? Put the MBT Wingu Black in the bank is no longer no risk at all. National debt interest rates and bank deposit interest rates down to the phenomenon, is bound to change. What time can finish, will see the government the speed of the reform of the financial system. (so, by the way, we use the theory in the west and the model, must consider the actual situation in our country, I went to school, if not Treasury interest rates, subject even