|
  
- 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.; r- l9 M! ]. _( O6 q
CDs could have different ratings, AAA -> F,
4 t# S' A& u0 Y) a2 Q4 Omore risky ones would have higher premium (interest rate) as a compensation for an investment.
7 \, V! O1 Q8 _, i1 W7 g% [main reason why ppl buy those risky CDs is because the rate of return exceeds their internal rate of return,4 | N& {8 I6 G0 H
in other words, the interest rate of that investment > their required interest rate, therefore they invest in those securities.( ?' e0 h' b/ f
Also, fund managers would include risky assets in their portfolio for different purposes, eg efficiency.
# S- h! M. q" ?1 k% ssimilar to bonds, CDs trading in the secondary market have different value at different times,
3 {+ F3 `: o j, Fnormally the value is calculated by adding it's principle and interest.
$ f7 ]7 o8 V4 |# a) [eg. the value of the mortgage+the interests to be recieved in the future. / ]3 h- R* O& `
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.
) V( P$ U% U' @/ l1 o2 F. j
2 P" T0 A7 u1 G- E5 iim not quite sure if the multiplier effect does really matter in this case.& O. W3 C# Q5 j! y6 A& j
in stock market, it's the demand and supply pushing the price up/downwards.0 R! H: Z; r3 q5 `
For eg, A bought 10000 shares @10$ ; B sells 20000 shares to C @ $12,
. s0 T* C1 s$ n2 bA's shares would suddenly increase to $120000 from $100000 which does not invlove any $ transaction./ w, n' Y6 d; U4 N/ D+ J: }' W6 ~
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.
" V, H+ F5 Q. c0 [. @; Z/ Mbut the value of their assets did really drop significantly.
, L4 \7 n" \+ s( g* }: w; O
/ B! O# f- z* V3 D! }: }& P7 r3 r[ 本帖最後由 Kev 於 2008-10-8 07:26 PM 編輯 ] |
|