|
- 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.
W3 L3 d" p5 O7 ^7 _3 S$ s4 `, uCDs could have different ratings, AAA -> F,$ _1 h& a! Q3 @2 E, ^, V
more risky ones would have higher premium (interest rate) as a compensation for an investment.( k6 l2 i# T$ ^: V: m0 P# X# _
main reason why ppl buy those risky CDs is because the rate of return exceeds their internal rate of return,1 D4 _, Y# J! a1 Q. f& Z- i
in other words, the interest rate of that investment > their required interest rate, therefore they invest in those securities.
; {3 C# g( p% p! U; D# y9 rAlso, fund managers would include risky assets in their portfolio for different purposes, eg efficiency.
/ i0 e& c# |8 n# k [5 }similar to bonds, CDs trading in the secondary market have different value at different times,
6 A: F) n% a3 r+ Lnormally the value is calculated by adding it's principle and interest. ) j& h0 e$ t3 M# {& J
eg. the value of the mortgage+the interests to be recieved in the future.
8 K- W+ w, K4 [. W, Xbanks 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.2 A4 K! |. x$ }) g$ z
+ ?% c/ b8 E: a' F, m! U. d! N
im not quite sure if the multiplier effect does really matter in this case.
' J W; y! F! s9 L, m+ G2 iin stock market, it's the demand and supply pushing the price up/downwards.
9 ]: w, `2 a; j- f" `$ j7 L+ RFor eg, A bought 10000 shares @10$ ; B sells 20000 shares to C @ $12,0 L+ V/ T0 a0 z" u- D, z2 T
A's shares would suddenly increase to $120000 from $100000 which does not invlove any $ transaction.4 W0 ]; t$ f6 f L: K; c& K6 _
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. + a& i+ b: @" ]' ?$ S% F
but the value of their assets did really drop significantly.+ v% ~8 o6 p; S2 h" _
5 t/ v; p. B& u1 @* `& b[ 本帖最後由 Kev 於 2008-10-8 07:26 PM 編輯 ] |
|
