|
- 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.9 @7 Y, y8 Y& D7 \
CDs could have different ratings, AAA -> F,/ k' K/ D5 ?& s! T0 c
more risky ones would have higher premium (interest rate) as a compensation for an investment.
6 X8 w# o2 X! w# ?7 W7 a# smain reason why ppl buy those risky CDs is because the rate of return exceeds their internal rate of return,; p, h: y* d/ F6 H" c
in other words, the interest rate of that investment > their required interest rate, therefore they invest in those securities.
4 {! ~2 Z E3 `6 g( y* KAlso, fund managers would include risky assets in their portfolio for different purposes, eg efficiency.
: y( S; ]# o- w2 {' qsimilar to bonds, CDs trading in the secondary market have different value at different times,
7 B/ w, D- z3 nnormally the value is calculated by adding it's principle and interest.
/ R& i( I; v P' |7 @eg. the value of the mortgage+the interests to be recieved in the future.
7 O( S6 e$ b' G: {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. a' ?" j3 V9 D* N
# u" l% S( A* him not quite sure if the multiplier effect does really matter in this case. x& l! I+ w1 D6 C
in stock market, it's the demand and supply pushing the price up/downwards.: o4 }' {! D0 G8 Q4 T4 O" P$ N
For eg, A bought 10000 shares @10$ ; B sells 20000 shares to C @ $12,& {8 ~. s8 d2 _) n( w) k5 A
A's shares would suddenly increase to $120000 from $100000 which does not invlove any $ transaction.: @' h: i8 J/ ^& i* q
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.
5 K2 K$ k* m. j: b1 Ibut the value of their assets did really drop significantly.
) g9 r1 T) h4 e3 B/ W- K( a$ a0 C" e9 O, G( |
[ 本帖最後由 Kev 於 2008-10-8 07:26 PM 編輯 ] |
|
