|
- 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.3 x( E, z. y5 V: T" F0 \
CDs could have different ratings, AAA -> F,
2 Z& Z5 t; z' D- k8 q: Z4 e6 umore risky ones would have higher premium (interest rate) as a compensation for an investment.
! T' S' E* ~7 W0 Cmain reason why ppl buy those risky CDs is because the rate of return exceeds their internal rate of return,
6 F8 a" ]* m7 e+ S% o5 F) r, z% S7 uin other words, the interest rate of that investment > their required interest rate, therefore they invest in those securities.
3 P0 j! _/ B% q# t# b) sAlso, fund managers would include risky assets in their portfolio for different purposes, eg efficiency./ S5 @$ U+ e) J. b0 x
similar to bonds, CDs trading in the secondary market have different value at different times,
" c% T. w4 V5 D& n6 p; jnormally the value is calculated by adding it's principle and interest. ' `4 a% ~* r" A* W+ j
eg. the value of the mortgage+the interests to be recieved in the future. 0 q9 B$ S. B1 t* k' }# T0 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.) [1 p( x$ l1 Q
; ~! a* L" A. `
im not quite sure if the multiplier effect does really matter in this case.
8 w( i, }4 B" I# S) v7 p5 v' U2 Nin stock market, it's the demand and supply pushing the price up/downwards.8 \ k5 u2 P. w- Y- |2 p
For eg, A bought 10000 shares @10$ ; B sells 20000 shares to C @ $12,% `! ?7 m' \3 Y# ~7 o5 e8 N
A's shares would suddenly increase to $120000 from $100000 which does not invlove any $ transaction.0 ]1 ]3 J9 S2 T, F/ a4 ]9 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. 2 I+ O) P! _& u% T. p. J& J
but the value of their assets did really drop significantly.
$ C2 D7 u+ k* p* x
( l7 g$ F1 M( }4 n0 t[ 本帖最後由 Kev 於 2008-10-8 07:26 PM 編輯 ] |
|
