求翻译：必要报酬率与票面利率、实际收益率、期望收益率（到期收益率）不是同一层次的概念。在发行债券时，票面利率是根据等风险投资的必要报 酬率确定的；必要报酬率是投资人对于等风险投资所要求的收益率，它是准确反映未来现金流量风险的报酬，也称为人们愿意进行投资所必需赚得的最低收益率，在 完全有效的市场中，证券的期望收益率就是它的必要收益率。是什么意思？

Required rate of return and the nominal interest rate, real rate of return, expected rate of return (yield to maturity) is not the same level concept. In the issuance of bonds, the coupon rate is based on such a necessary venture capital to determine the return; required rate of return investors suc

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The essential return rate and the face value interest rate, the actual returns ratio, the expectation returns ratio (due returns ratio) is not the identical level concept.When release bond, the face value interest rate is venture capital and so on basis essential return rate determinations; The esse

Required rate of return with the coupon rate, the real rate of return, expected yield rates (the yield to maturity) are not the same concept. In issued bond Shi, par interest rate is under, venture capital of necessary reward rate determines of; necessary reward rate is investor for, venture capital

Required rate of return with the coupon rate, the real rate of return, expected yield rates (the yield to maturity) are not the same concept. In issued bond Shi, par interest rate is under, venture capital of necessary reward rate determines of; necessary reward rate is investor for, venture capital