|
  
- 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.# s Z5 a# K; @- Q/ @$ m! P+ d
CDs could have different ratings, AAA -> F,
# i: b/ }. Y* _( cmore risky ones would have higher premium (interest rate) as a compensation for an investment.
* z; E2 f& y. ^1 f" o+ U7 o* ^main reason why ppl buy those risky CDs is because the rate of return exceeds their internal rate of return,: d' L9 I4 g3 [1 Y8 [2 o$ K8 X
in other words, the interest rate of that investment > their required interest rate, therefore they invest in those securities.
. {3 n9 i0 c: J5 P& t, ZAlso, fund managers would include risky assets in their portfolio for different purposes, eg efficiency.. X- F! O- b* n: y8 g, N1 r
similar to bonds, CDs trading in the secondary market have different value at different times,
2 s+ @$ ~! D1 e- Knormally the value is calculated by adding it's principle and interest. , p! o: {# r) E( { E$ L
eg. the value of the mortgage+the interests to be recieved in the future.
* c! l) ^8 X6 g* Q; ?+ abanks 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.
7 u# \2 { {. |* x
, A/ [" o: |8 a H) t* u0 z- `im not quite sure if the multiplier effect does really matter in this case.
. h4 x; w8 D9 m* K; N" Q6 Lin stock market, it's the demand and supply pushing the price up/downwards.
) S; h1 P$ {+ oFor eg, A bought 10000 shares @10$ ; B sells 20000 shares to C @ $12,: }: {5 E% E1 O/ }/ ]
A's shares would suddenly increase to $120000 from $100000 which does not invlove any $ transaction., d7 C% F' O3 c: f/ p; Q
The 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.
( [, \; t$ o: F1 h5 Xbut the value of their assets did really drop significantly.8 g* F/ C7 L% t. l. w1 i
' B/ P, @. R# S( }! G1 p" ~
[ 本帖最後由 Kev 於 2008-10-8 07:26 PM 編輯 ] |
|