|
- 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.
) W6 m$ P* T( H, W! l; DCDs could have different ratings, AAA -> F,5 n# e$ j. ]$ f
more risky ones would have higher premium (interest rate) as a compensation for an investment.
; @6 Z) J: {5 Omain reason why ppl buy those risky CDs is because the rate of return exceeds their internal rate of return,
' p; t2 }6 Y$ q( z% N B4 [in other words, the interest rate of that investment > their required interest rate, therefore they invest in those securities.
5 I/ W( s0 Y0 j: C- n% gAlso, fund managers would include risky assets in their portfolio for different purposes, eg efficiency., i* t Q* N" n' B _
similar to bonds, CDs trading in the secondary market have different value at different times,
2 \8 ^0 y" j7 R6 j' nnormally the value is calculated by adding it's principle and interest. 6 Q0 T% X1 N/ `- M/ X7 t7 F4 |! B
eg. the value of the mortgage+the interests to be recieved in the future.
1 T6 T3 B& _9 Z6 v7 [7 Pbanks 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.# e8 `, V& y+ H+ q2 L- q
2 V' y- b, H; H7 k* Dim not quite sure if the multiplier effect does really matter in this case.
/ `7 F% _$ W" Y5 d! pin stock market, it's the demand and supply pushing the price up/downwards.4 x: _. y9 X# m+ i& E/ w
For eg, A bought 10000 shares @10$ ; B sells 20000 shares to C @ $12,% b+ P. V1 F! K" u# a
A's shares would suddenly increase to $120000 from $100000 which does not invlove any $ transaction.# _% t7 Y+ L3 H9 i
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.
7 v6 X3 i) W# f8 c' V% ?# c$ s& Ybut the value of their assets did really drop significantly.3 y. ]* s2 d7 u3 u; _! W
) K' k* G4 P F0 t. ^7 Y[ 本帖最後由 Kev 於 2008-10-8 07:26 PM 編輯 ] |
|
