|
- 帖子
- 706
- 精華
- 0
- 威望
- 316
- 魅力
- 150
- 讚好
- 0
- 性別
- 男
|
12#
發表於 2008-10-8 07:03 PM
| 只看該作者
i thought it is the reason of rate of return.' E5 o( Q* z5 ~$ E! A
CDs could have different ratings, AAA -> F,( v% @; m5 J# U- X# c, o7 q! L) n( @
more risky ones would have higher premium (interest rate) as a compensation for an investment.
+ f1 F9 S9 q) n& q4 smain reason why ppl buy those risky CDs is because the rate of return exceeds their internal rate of return,
7 M5 a, p4 W. sin other words, the interest rate of that investment > their required interest rate, therefore they invest in those securities.
- ^- b- u0 j1 D( K6 ^* h7 lAlso, fund managers would include risky assets in their portfolio for different purposes, eg efficiency.
- M" e! V; S% D& q1 v% Ksimilar to bonds, CDs trading in the secondary market have different value at different times,/ y- ^- j4 a+ c n. M
normally the value is calculated by adding it's principle and interest.
0 W, P% C1 C4 Q. W2 V- Ceg. the value of the mortgage+the interests to be recieved in the future.
) @' u7 d# S0 N+ ~- J) P' Jbanks who sell the CDs, could enjoy a few benefits like, the present value of cash and passing the risk of holding a debt to another party./ T8 R8 @$ c: z2 R! [
! e3 c; x, S1 F4 J# Y
im not quite sure if the multiplier effect does really matter in this case.
s) C; ]! }! Q1 C1 o$ jin stock market, it's the demand and supply pushing the price up/downwards.
6 m' H' h! D7 v# P/ bFor eg, A bought 10000 shares @10$ ; B sells 20000 shares to C @ $12,
/ r6 @( o; }& ]0 U+ [A's shares would suddenly increase to $120000 from $100000 which does not invlove any $ transaction.
1 x# v9 a0 X5 R' E( X) HThe capital loss that ppl suffer nowadays, i believe, most of them does not really suffer a real $ lost yet as long as they dont sell their securities.
( ^/ F7 V. I4 @- J, w* d1 c* gbut the value of their assets did really drop significantly.
, B& {8 I* }' X, c* I
4 E& c" i- [0 x2 L( j[ 本帖最後由 Kev 於 2008-10-8 07:26 PM 編輯 ] |
|
