|
- 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.: Z, N# x7 ^3 e3 ?0 S" A- y
CDs could have different ratings, AAA -> F,
( E, C: a' p! Q7 u8 z9 W7 Amore risky ones would have higher premium (interest rate) as a compensation for an investment.
9 u3 g# a S8 }$ E3 F; t1 F# qmain reason why ppl buy those risky CDs is because the rate of return exceeds their internal rate of return,* x6 X, q% Q. G1 z T
in other words, the interest rate of that investment > their required interest rate, therefore they invest in those securities.
; L2 J* h0 _' QAlso, fund managers would include risky assets in their portfolio for different purposes, eg efficiency.6 w0 j! x% T; B! C! v- `4 ^: [
similar to bonds, CDs trading in the secondary market have different value at different times," a. q+ C% m/ ?- M
normally the value is calculated by adding it's principle and interest. 1 F2 v5 j2 i+ c0 n7 g' ?& t6 J
eg. the value of the mortgage+the interests to be recieved in the future. * H8 A/ i. W7 t; }' u. b: J: v
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.7 z+ v/ O9 P% _6 ?
9 Q/ b; F2 l% v% S7 V$ r
im not quite sure if the multiplier effect does really matter in this case.( `$ R, h; M3 V
in stock market, it's the demand and supply pushing the price up/downwards.
/ O2 e6 z$ l5 dFor eg, A bought 10000 shares @10$ ; B sells 20000 shares to C @ $12,1 }" C$ r& u, g* a4 F+ S
A's shares would suddenly increase to $120000 from $100000 which does not invlove any $ transaction.0 B4 T0 l" F3 w( X1 E3 l
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. , ?4 F; s( Z6 `% Z9 d9 j/ ?
but the value of their assets did really drop significantly.+ s: @ J( V7 W, I# z
8 R/ x6 Y, a* w' q1 s7 R3 r[ 本帖最後由 Kev 於 2008-10-8 07:26 PM 編輯 ] |
|
