|
- 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.; Q, I. r, W1 E, ]8 w
CDs could have different ratings, AAA -> F,
1 B. m6 l( Y& Imore risky ones would have higher premium (interest rate) as a compensation for an investment.
! N3 |! z+ N1 h; h( `0 E1 qmain reason why ppl buy those risky CDs is because the rate of return exceeds their internal rate of return,$ l' x8 P9 G J+ l7 s1 P; }
in other words, the interest rate of that investment > their required interest rate, therefore they invest in those securities.6 b: Q5 K0 v& z9 ?# [" m% T( Y
Also, fund managers would include risky assets in their portfolio for different purposes, eg efficiency.
% f) s0 p! z- N0 a2 {4 @similar to bonds, CDs trading in the secondary market have different value at different times,
4 |2 J1 o4 y+ R9 N# snormally the value is calculated by adding it's principle and interest. 2 w1 b1 k& f, n* U7 w9 t4 a
eg. the value of the mortgage+the interests to be recieved in the future.
3 d. a7 B0 \/ \% @ K7 x) d; l0 kbanks 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.4 K O$ {% O5 H1 o0 y8 x
, j* o0 w$ S! g/ A* ]7 r
im not quite sure if the multiplier effect does really matter in this case.2 `3 Q2 C( h. T
in stock market, it's the demand and supply pushing the price up/downwards.
# Y0 P( d1 q. x) ]1 W4 J* uFor eg, A bought 10000 shares @10$ ; B sells 20000 shares to C @ $12,
! R) b3 J7 c [4 ~& I# ~A's shares would suddenly increase to $120000 from $100000 which does not invlove any $ transaction.+ F+ e9 ^# `. q5 v
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 Z( U% P. N* }! C' K* p8 |3 u
but the value of their assets did really drop significantly.8 d5 P0 ` f; P: Z
% y' g3 d% u F5 U" n2 o9 O; q
[ 本帖最後由 Kev 於 2008-10-8 07:26 PM 編輯 ] |
|
