|
- 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.4 j) S; V, s, @5 e
CDs could have different ratings, AAA -> F,+ F% [2 r% \+ m V% {5 s
more risky ones would have higher premium (interest rate) as a compensation for an investment.* B1 c1 _) T* I* v9 X
main reason why ppl buy those risky CDs is because the rate of return exceeds their internal rate of return,: h( U) d+ k% l) l0 I
in other words, the interest rate of that investment > their required interest rate, therefore they invest in those securities.6 \/ Z9 v- |5 z
Also, fund managers would include risky assets in their portfolio for different purposes, eg efficiency.- v8 e/ b3 M( R2 z
similar to bonds, CDs trading in the secondary market have different value at different times,* D. W f# S$ x" c! C7 V
normally the value is calculated by adding it's principle and interest. + r, }' x, Z! A
eg. the value of the mortgage+the interests to be recieved in the future. ' `% n" s: i! D% `; B
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.
K+ c D2 d u3 W
$ A5 o. I- J3 i/ A9 l7 h) |+ g& _* |im not quite sure if the multiplier effect does really matter in this case.9 X t5 X( V4 D" r
in stock market, it's the demand and supply pushing the price up/downwards.
1 C( i. u5 X* w, oFor eg, A bought 10000 shares @10$ ; B sells 20000 shares to C @ $12,9 Q# O7 ?2 Y) q) U/ M. I1 F
A's shares would suddenly increase to $120000 from $100000 which does not invlove any $ transaction.
# C/ W, M, T; |2 z/ fThe 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. , d5 S) k6 H. M7 e5 L
but the value of their assets did really drop significantly." ^& j+ j; O* l/ Z0 w+ o
6 p0 o) P/ Q# | {# u' r[ 本帖最後由 Kev 於 2008-10-8 07:26 PM 編輯 ] |
|
