|
- 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.; K6 k6 ~# S1 ]
CDs could have different ratings, AAA -> F,
, ?7 X9 J, r% p7 c, lmore risky ones would have higher premium (interest rate) as a compensation for an investment.
% d+ I9 t- [" b7 p5 ]main reason why ppl buy those risky CDs is because the rate of return exceeds their internal rate of return,$ {$ m: V3 f3 g# y# y) Q
in other words, the interest rate of that investment > their required interest rate, therefore they invest in those securities.
' W3 @2 v- z4 ~6 g6 sAlso, fund managers would include risky assets in their portfolio for different purposes, eg efficiency.& ? K' U; y2 P8 q+ W) b
similar to bonds, CDs trading in the secondary market have different value at different times,( w4 C% T7 M7 N8 {( B
normally the value is calculated by adding it's principle and interest.
' h7 f2 ]! K- M4 Y8 geg. the value of the mortgage+the interests to be recieved in the future. " J$ ?* B& m; R- Z; U+ w
banks 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.3 C1 `0 l0 h2 Z9 M' F6 H' [" ^, f7 M; B
$ H6 }; v1 c4 W' B* s1 o$ J+ Nim not quite sure if the multiplier effect does really matter in this case.
5 |0 Y0 I R4 D+ I W' ^' fin stock market, it's the demand and supply pushing the price up/downwards.
6 C. J: W8 }! J, y9 Z. \For eg, A bought 10000 shares @10$ ; B sells 20000 shares to C @ $12,
# w2 g u4 [! ^. A7 d$ h+ dA's shares would suddenly increase to $120000 from $100000 which does not invlove any $ transaction.
$ r0 n! x3 _* r. O0 U6 OThe 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. }# Q1 o' p% x5 M# {3 b! G
but the value of their assets did really drop significantly.
$ p9 o; D% o( u# p0 i% g0 Q
9 }& L* Q/ P6 G. h: L- E7 u[ 本帖最後由 Kev 於 2008-10-8 07:26 PM 編輯 ] |
|
