|
- 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.6 F2 g8 I; P# P( w& l' A; R3 y
CDs could have different ratings, AAA -> F,
) L' x1 N o: O7 v6 y' z- nmore risky ones would have higher premium (interest rate) as a compensation for an investment.2 N/ O A1 P) h( k" t& ~
main reason why ppl buy those risky CDs is because the rate of return exceeds their internal rate of return,
# j7 Y: y6 G3 G3 {6 Min other words, the interest rate of that investment > their required interest rate, therefore they invest in those securities.
' p3 i, R& T4 ` V; AAlso, fund managers would include risky assets in their portfolio for different purposes, eg efficiency.' Z) R& d2 a0 ^1 K2 n! p
similar to bonds, CDs trading in the secondary market have different value at different times,
5 W$ I7 s2 E4 ~/ U' xnormally the value is calculated by adding it's principle and interest. 6 R: x6 x+ f$ U. k! a; \0 u% j
eg. the value of the mortgage+the interests to be recieved in the future.
% i& L& h( A- {+ \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.- z9 f T$ A" s/ d& U7 \3 V, \8 ]1 N
2 _& |/ D7 \5 M+ o- t( g( \6 u
im not quite sure if the multiplier effect does really matter in this case. A! j2 ~0 H0 O7 n) ^
in stock market, it's the demand and supply pushing the price up/downwards.; ? Q$ Q* @' x4 v7 |; h* Z- @& l
For eg, A bought 10000 shares @10$ ; B sells 20000 shares to C @ $12,
6 z$ E" t3 ~3 N6 I; }A's shares would suddenly increase to $120000 from $100000 which does not invlove any $ transaction.1 _2 ]. b1 p) }0 W- ^
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.
) `7 s6 ~& D' _: K+ z6 q0 cbut the value of their assets did really drop significantly.& I- M! e% I0 |3 l- C
) t2 x" O9 v- m- L* ~! T[ 本帖最後由 Kev 於 2008-10-8 07:26 PM 編輯 ] |
|
