required rate of return

简明释义

要求的回报率

英英释义

例句

1.A higher required rate of return (所需回报率) implies greater risk associated with an investment.

更高的所需回报率 (required rate of return) 意味着与投资相关的风险更大。

2.The required rate of return (所需回报率) helps investors assess the feasibility of a new business venture.

投资者评估新商业项目的可行性时，所需回报率 (required rate of return) 是一个重要的参考。

3.The required rate of return (所需回报率) is crucial for determining whether a stock is worth buying.

判断一只股票是否值得购买，所需回报率 (required rate of return) 是至关重要的。

4.Before investing, it's important to calculate your required rate of return (所需回报率) based on your financial goals.

在投资之前，根据你的财务目标计算你的所需回报率 (required rate of return) 是很重要的。

5.Investors often look for projects that exceed their required rate of return (所需回报率) to ensure profitability.

投资者通常寻找超过他们的所需回报率 (required rate of return) 的项目，以确保盈利。

作文

The concept of the required rate of return is fundamental in the field of finance and investment. It represents the minimum return an investor expects to achieve from an investment, considering the risks involved. Understanding this concept is crucial for both individual investors and corporate finance managers as it helps them make informed decisions regarding where to allocate their resources.To elaborate, the required rate of return can be influenced by various factors, including the risk-free rate, the equity risk premium, and the specific risks associated with the investment in question. The risk-free rate is typically based on government bond yields, which are considered safe investments. The equity risk premium compensates investors for taking on additional risk compared to risk-free assets. Therefore, the overall required return reflects both the time value of money and the risk taken.For instance, when an investor considers putting money into a stock, they will evaluate the potential returns against the required rate of return. If the expected return from the stock does not meet or exceed this rate, the investor may decide to look for alternative investments that offer a better risk-adjusted return.Moreover, the required rate of return plays a significant role in capital budgeting decisions within companies. When businesses assess new projects, they often use the weighted average cost of capital (WACC) as a benchmark for the required rate of return. WACC accounts for the cost of equity and debt financing, providing a comprehensive view of what return the company needs to generate from its investments to satisfy its stakeholders.In practice, if a company has a WACC of 8%, it means that any project it undertakes should ideally yield a return greater than 8% to create value for shareholders. This calculation ensures that the company is not only covering its cost of capital but also generating excess return, which is essential for growth and sustainability.Furthermore, the required rate of return can vary significantly across different industries and investment types. For example, technology companies might have a higher required rate of return due to their volatility and growth potential, while utility companies, which are generally more stable, might have a lower required rate. Investors must consider these differences when evaluating their portfolios and making investment choices.In conclusion, the required rate of return is a critical metric that serves as a guideline for investors and companies alike. It helps in determining the attractiveness of various investment opportunities and ensures that the risks taken are adequately compensated. By understanding and applying this concept, investors can enhance their decision-making process, ultimately leading to better financial outcomes. Whether one is an individual investor looking to grow personal wealth or a corporate manager making strategic investment choices, grasping the nuances of the required rate of return is essential for success in the financial landscape.

“要求回报率”这一概念在金融和投资领域中至关重要。它代表了投资者期望从某项投资中获得的最低回报，考虑到所涉及的风险。理解这一概念对个人投资者和公司财务经理而言都非常重要，因为它帮助他们做出有关资源分配的明智决策。进一步说，“要求回报率”可以受到多种因素的影响，包括无风险利率、股权风险溢价以及与特定投资相关的风险。无风险利率通常基于政府债券收益率，这被认为是安全的投资。股权风险溢价则是为了补偿投资者承担相对于无风险资产的额外风险。因此，总体要求回报反映了资金的时间价值和所承担的风险。例如，当一位投资者考虑将资金投入股票时，他们会评估股票的潜在回报与“要求回报率”的关系。如果股票的预期回报没有达到或超过这个比率，投资者可能会决定寻找其他提供更好风险调整回报的投资。此外，“要求回报率”在公司内部的资本预算决策中也发挥着重要作用。当企业评估新项目时，他们通常使用加权平均资本成本（WACC）作为“要求回报率”的基准。WACC考虑了股权和债务融资的成本，提供了公司需要从投资中产生的回报的全面视角，以满足其利益相关者。在实践中，如果一家公司有8%的WACC，这意味着它进行的任何项目理想情况下应该产生超过8%的回报，以为股东创造价值。这一计算确保公司不仅覆盖其资本成本，还能产生超额回报，这对增长和可持续性至关重要。此外，不同的行业和投资类型之间“要求回报率”可能会显著不同。例如，科技公司由于其波动性和增长潜力，可能具有更高的“要求回报率”，而公用事业公司则通常更加稳定，可能具有较低的要求回报。投资者在评估其投资组合和做出投资选择时必须考虑这些差异。总之，“要求回报率”是一个关键指标，为投资者和公司提供指导。它有助于确定各种投资机会的吸引力，并确保所承担的风险得到充分补偿。通过理解和应用这一概念，投资者可以增强其决策过程，最终实现更好的财务结果。无论是个人投资者寻求增加个人财富，还是公司经理做出战略投资选择，掌握“要求回报率”的细微差别对于在金融领域取得成功至关重要。