|
- 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.
M( P7 j0 c$ _# i( f6 b$ n) P; A. L: [CDs could have different ratings, AAA -> F,+ h* J. ?: \1 B' X: _7 D
more risky ones would have higher premium (interest rate) as a compensation for an investment.) G: @# x8 ~/ m7 s! D, ?
main reason why ppl buy those risky CDs is because the rate of return exceeds their internal rate of return,
6 X+ U# k* ~! @6 K: B) `: _in other words, the interest rate of that investment > their required interest rate, therefore they invest in those securities. J$ W* y2 `: @2 d9 v
Also, fund managers would include risky assets in their portfolio for different purposes, eg efficiency.
5 p* X5 H/ d/ X, K; g( V. fsimilar to bonds, CDs trading in the secondary market have different value at different times,, ]3 _% h$ ?( g. K6 L6 ]6 e0 @, k
normally the value is calculated by adding it's principle and interest. & @. j/ a6 M- j M
eg. the value of the mortgage+the interests to be recieved in the future. 5 u1 ~# o$ B, Z/ Q9 k) Y+ @
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.' \( y! D4 H- U
$ B7 p5 u% ?6 |im not quite sure if the multiplier effect does really matter in this case.9 E# B& x e- X# j" X5 P
in stock market, it's the demand and supply pushing the price up/downwards.
) b9 `9 P1 }# t3 A8 ~1 O1 qFor eg, A bought 10000 shares @10$ ; B sells 20000 shares to C @ $12,
0 {2 ?. \, k) S) R1 y# T9 I+ sA's shares would suddenly increase to $120000 from $100000 which does not invlove any $ transaction.% i5 R# K* Y) U$ e& D
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. + |/ g) a% z2 z8 n& }2 A$ d" Y6 d
but the value of their assets did really drop significantly.
: n+ x0 D. V. v9 [0 ^, _) `, b1 d4 `; j, g) \/ y& I) W
[ 本帖最後由 Kev 於 2008-10-8 07:26 PM 編輯 ] |
|
