|
- 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 y6 V4 U8 }5 @ a; a
CDs could have different ratings, AAA -> F,
4 J! v9 v. x8 p& y* c4 Qmore risky ones would have higher premium (interest rate) as a compensation for an investment.) \. c/ l2 z' n H4 s2 k
main reason why ppl buy those risky CDs is because the rate of return exceeds their internal rate of return,
2 y6 [: v5 T, w) H0 P- kin other words, the interest rate of that investment > their required interest rate, therefore they invest in those securities.% Z4 \' F3 t, {# Q0 {, E
Also, fund managers would include risky assets in their portfolio for different purposes, eg efficiency.
/ R4 I0 p: r+ f! nsimilar to bonds, CDs trading in the secondary market have different value at different times,0 g, @0 O) W* Y5 j
normally the value is calculated by adding it's principle and interest.
$ _2 ~" o* Y0 z* F* H! U2 heg. the value of the mortgage+the interests to be recieved in the future.
3 c, O1 M( F' F7 Vbanks 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.
. U& q; {2 |; ]
1 t% A- S8 e5 Tim not quite sure if the multiplier effect does really matter in this case., Y6 `4 G" s( S& O; j+ S% U
in stock market, it's the demand and supply pushing the price up/downwards.3 E) F/ B' [4 N% j
For eg, A bought 10000 shares @10$ ; B sells 20000 shares to C @ $12,0 U8 ~ Q3 U, {. g0 q% i
A's shares would suddenly increase to $120000 from $100000 which does not invlove any $ transaction.
+ [# |$ n8 ?" U, C( tThe 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. 2 s: H6 e$ t3 V' p" r; {
but the value of their assets did really drop significantly.
8 J5 p# o$ o" D" u' |. D( i) R2 ^
9 W F. V/ ]0 ]) F[ 本帖最後由 Kev 於 2008-10-8 07:26 PM 編輯 ] |
|
