|
- 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.& ]; J, q# }. v" V3 F6 V5 R
CDs could have different ratings, AAA -> F,
. J. B( T2 |9 F8 N: Gmore risky ones would have higher premium (interest rate) as a compensation for an investment.
$ Q* x# X8 v1 ] \main reason why ppl buy those risky CDs is because the rate of return exceeds their internal rate of return,, A: n8 z5 l" Q( p
in other words, the interest rate of that investment > their required interest rate, therefore they invest in those securities.% r: W3 ^- {0 g/ \0 b6 F& D
Also, fund managers would include risky assets in their portfolio for different purposes, eg efficiency.+ I) k( ?9 Y! y7 j1 s* M
similar to bonds, CDs trading in the secondary market have different value at different times,
" Q4 U: x0 }4 ?4 Z4 @9 v# ynormally the value is calculated by adding it's principle and interest.
; n; Z9 v! y, ~) z4 ceg. the value of the mortgage+the interests to be recieved in the future. 9 S# S' X% H7 f3 a* p8 w. J3 e
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.
% @% F0 | L2 D( M1 A* c- J. w5 J6 _4 y
im not quite sure if the multiplier effect does really matter in this case.
" T( b; f1 i7 [# o, Z0 j* W7 fin stock market, it's the demand and supply pushing the price up/downwards.5 ~- {( d6 s% v2 Z. t9 V. j
For eg, A bought 10000 shares @10$ ; B sells 20000 shares to C @ $12," T1 Q3 u }3 Y2 G; x% r
A's shares would suddenly increase to $120000 from $100000 which does not invlove any $ transaction.
7 d; s5 h8 `5 M' L0 R9 W" G7 VThe 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.
/ ]& N$ G) u5 m9 r1 Wbut the value of their assets did really drop significantly.4 t& f, `; B/ T r" \
( J: D5 w/ K0 w4 ]( R[ 本帖最後由 Kev 於 2008-10-8 07:26 PM 編輯 ] |
|
