|
- 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.
1 r0 n" Z% X; J+ `9 q2 OCDs could have different ratings, AAA -> F,! O! h% I, Y4 p" K- J& g7 V3 `
more risky ones would have higher premium (interest rate) as a compensation for an investment., D7 y* k4 N" `- Q% v
main reason why ppl buy those risky CDs is because the rate of return exceeds their internal rate of return,
9 p. J) b3 \+ k4 w, |% f1 J5 Hin other words, the interest rate of that investment > their required interest rate, therefore they invest in those securities.
) X, H4 ~1 }" j* b' ZAlso, fund managers would include risky assets in their portfolio for different purposes, eg efficiency.
# i5 A) R6 j1 e8 I! Z6 L! u; fsimilar to bonds, CDs trading in the secondary market have different value at different times,0 v r# R1 @+ _" B* i
normally the value is calculated by adding it's principle and interest. ; x: ?; Y1 {/ }% S9 L
eg. the value of the mortgage+the interests to be recieved in the future.
5 e9 ?1 b. O, R: Z1 p& rbanks 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.9 u1 h! v/ U' v
* ^* n1 Z+ D5 m9 N; s' g# u& ]7 Kim not quite sure if the multiplier effect does really matter in this case.
~$ _ @0 ?( Y0 l0 N( i, din stock market, it's the demand and supply pushing the price up/downwards.4 f+ E9 }* M1 ^# U0 A( D c8 I
For eg, A bought 10000 shares @10$ ; B sells 20000 shares to C @ $12,
7 o7 `# {* [& DA's shares would suddenly increase to $120000 from $100000 which does not invlove any $ transaction.
5 s8 v% X( S. O' T; F: t! xThe 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.
4 W# \' f1 {; J- I3 kbut the value of their assets did really drop significantly.1 ~+ ?& ]8 w, d# }6 E: {4 o
3 ` D( v2 R y. ?% B[ 本帖最後由 Kev 於 2008-10-8 07:26 PM 編輯 ] |
|
