|
- 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.
5 b' O1 j6 j) D4 ]' F+ I& RCDs could have different ratings, AAA -> F,: G$ _& H. I& I; X
more risky ones would have higher premium (interest rate) as a compensation for an investment.
* v' d* b" s( x# hmain reason why ppl buy those risky CDs is because the rate of return exceeds their internal rate of return,' b2 f5 ]1 [" U5 V: d3 u) u
in other words, the interest rate of that investment > their required interest rate, therefore they invest in those securities.
; F6 F3 } Q! c" h& ?' \# `Also, fund managers would include risky assets in their portfolio for different purposes, eg efficiency.
7 M$ j" j. E3 }+ n! E3 Fsimilar to bonds, CDs trading in the secondary market have different value at different times,, t5 k2 X. e3 @9 o
normally the value is calculated by adding it's principle and interest. : t% U0 T" N+ F
eg. the value of the mortgage+the interests to be recieved in the future. 8 G: p7 x: U' d
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.
# J- z" o8 r$ O0 h& @
) G( e, |) n: O, Wim not quite sure if the multiplier effect does really matter in this case.5 q5 u! A; S/ g: R8 \- x$ q
in stock market, it's the demand and supply pushing the price up/downwards.% ?$ B4 S, ?$ F$ ?- W( F5 H5 \
For eg, A bought 10000 shares @10$ ; B sells 20000 shares to C @ $12,) B" d5 }* t9 a* H
A's shares would suddenly increase to $120000 from $100000 which does not invlove any $ transaction.
: V! R( M9 s1 q% t$ @4 G3 b: T: NThe 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.
0 v6 b% Y3 W) [$ fbut the value of their assets did really drop significantly." b, u- r! C$ f6 _, S0 _2 g! c
6 f1 g! a/ {9 a, g# B) ~[ 本帖最後由 Kev 於 2008-10-8 07:26 PM 編輯 ] |
|
