|
  
- 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.! B5 W3 h( O8 s6 w" z; H4 i
CDs could have different ratings, AAA -> F,
9 ~4 A* r, t9 T2 w3 @! W$ Y: x) Dmore risky ones would have higher premium (interest rate) as a compensation for an investment.
2 u: q9 ~1 q+ H7 P* h6 p4 ^main reason why ppl buy those risky CDs is because the rate of return exceeds their internal rate of return,
8 F' C( Z* N4 C% Win other words, the interest rate of that investment > their required interest rate, therefore they invest in those securities.& a, v/ g( T5 E. l L. Q5 H6 e
Also, fund managers would include risky assets in their portfolio for different purposes, eg efficiency.2 f9 l7 O" b. ]4 S% s* Q3 Y% U
similar to bonds, CDs trading in the secondary market have different value at different times,8 }1 O$ L# z7 R6 q" z
normally the value is calculated by adding it's principle and interest. # b i7 j9 r9 U2 ^( H7 [
eg. the value of the mortgage+the interests to be recieved in the future.
, t) e, p# x; W0 P' Ebanks 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.
3 U I* V, s7 v6 H9 q' d/ G
L5 f, I& T$ p8 h. M5 Cim not quite sure if the multiplier effect does really matter in this case.0 I# Y( z' f8 u# J G
in stock market, it's the demand and supply pushing the price up/downwards.
5 x+ E! ` D. y0 R; vFor eg, A bought 10000 shares @10$ ; B sells 20000 shares to C @ $12,. L$ b1 a; D$ Z9 w. G
A's shares would suddenly increase to $120000 from $100000 which does not invlove any $ transaction.6 y6 w6 {5 I z* N
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. : B: L' m- D0 z; G2 n
but the value of their assets did really drop significantly.) w7 E* v6 D/ J% p5 ?
N9 g' Q" r H3 V* R[ 本帖最後由 Kev 於 2008-10-8 07:26 PM 編輯 ] |
|