|
  
- 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.% i5 E: v( U7 k4 N7 w
CDs could have different ratings, AAA -> F,) t* W/ j8 u, I% \
more risky ones would have higher premium (interest rate) as a compensation for an investment.
% O% t% G: B. j' T0 J5 V( |main reason why ppl buy those risky CDs is because the rate of return exceeds their internal rate of return,
( I3 L. W( b; z1 T }in other words, the interest rate of that investment > their required interest rate, therefore they invest in those securities.
- i, D& e$ [( _' K& X5 sAlso, fund managers would include risky assets in their portfolio for different purposes, eg efficiency.5 h6 ]% t& W4 p6 Q8 |4 t
similar to bonds, CDs trading in the secondary market have different value at different times,( Q2 G. U6 v& b9 K% l6 I+ k# Z
normally the value is calculated by adding it's principle and interest. : F, Q0 e+ |' L5 v. ^; j: Z+ W
eg. the value of the mortgage+the interests to be recieved in the future. 8 W7 [! q% p4 J$ |
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., [! |: m+ l! _
: V8 t# v8 x& j0 B, K# r e
im not quite sure if the multiplier effect does really matter in this case.
* k3 `. h. R7 E% Y, X+ U" @in stock market, it's the demand and supply pushing the price up/downwards.& _/ T2 Y) M4 c3 g* S. o, F, K$ X
For eg, A bought 10000 shares @10$ ; B sells 20000 shares to C @ $12,
* g8 K& g" u k* O5 q0 ^: H5 j# z3 h6 NA's shares would suddenly increase to $120000 from $100000 which does not invlove any $ transaction. f$ L: n* ?7 c) I& z7 g( 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.
' C; t# M! n9 I& pbut the value of their assets did really drop significantly.0 |. u7 ?2 |8 a4 n
; w$ |# N) E2 w5 ?" K9 U( Y) V[ 本帖最後由 Kev 於 2008-10-8 07:26 PM 編輯 ] |
|