|
- 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.7 B4 e% F/ h8 E/ A' t, j k
CDs could have different ratings, AAA -> F,1 o! s6 N4 E6 v% ^, M
more risky ones would have higher premium (interest rate) as a compensation for an investment., B3 F! j6 t& D( H8 f4 y' V
main reason why ppl buy those risky CDs is because the rate of return exceeds their internal rate of return,9 J8 Q" L4 `/ J; Q+ q) {! c, V
in other words, the interest rate of that investment > their required interest rate, therefore they invest in those securities.! `! Y5 N. n- q) \4 W
Also, fund managers would include risky assets in their portfolio for different purposes, eg efficiency.# s7 [9 B1 ?/ o2 n
similar to bonds, CDs trading in the secondary market have different value at different times,
( N. v/ k7 d. `0 L6 }) G1 w4 Lnormally the value is calculated by adding it's principle and interest.
! A! t, A ?# V8 xeg. the value of the mortgage+the interests to be recieved in the future. ) E: r/ d/ B9 R2 P* d# f 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.
1 N9 e2 D& M+ `3 x! E" D4 G* _
" a: i S Z. m" j) N, [7 j7 L3 ~8 Bim not quite sure if the multiplier effect does really matter in this case.
% ~2 o- j% G9 j4 e4 I# Jin stock market, it's the demand and supply pushing the price up/downwards.6 M8 D h( |, r5 r& V3 Z
For eg, A bought 10000 shares @10$ ; B sells 20000 shares to C @ $12,
0 r: c" \( B* K: D% [+ y* vA's shares would suddenly increase to $120000 from $100000 which does not invlove any $ transaction.
m3 k* }$ ]( k$ _- g# M$ \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. $ F+ `3 U7 u+ s0 e. A
but the value of their assets did really drop significantly.; V: \; v" ]( r8 A! O4 i& c
& y3 P- V. T ]
[ 本帖最後由 Kev 於 2008-10-8 07:26 PM 編輯 ] |
|
