Taxes reduce the expected return on a risky asset but also lessen its riskiness.
税
减少了风
资产的
益，但也降
了它的风。
性的事,危重重Taxes reduce the expected return on a risky asset but also lessen its riskiness.
税减少了风资产的益，但也降了它的风。
That alone will challenge old rules of thumb about the relative riskiness of emerging-market debt.
翻成关于新兴市场债务风的估仅凭这个就会受到质疑。
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