Taxes reduce the expected return on a risky asset but also lessen its riskiness.
税收减少了风险资产
预
收益，但也降
了它风险。
事,危险重重Taxes reduce the expected return on a risky asset but also lessen its riskiness.
税收减少了风险资产预收益，但也降了它风险。
That alone will challenge old rules of thumb about the relative riskiness of emerging-market debt.
楼主翻成关于新兴市场债务风险
仅凭这个就会受到质疑。
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