|
- 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.: p% D l5 d) o) X7 S P2 c C
CDs could have different ratings, AAA -> F,0 g+ @( i: ^, d- @: A
more risky ones would have higher premium (interest rate) as a compensation for an investment.
Q$ W+ v* D& j, O, vmain reason why ppl buy those risky CDs is because the rate of return exceeds their internal rate of return,
3 |' U% l2 R: q( H9 Min other words, the interest rate of that investment > their required interest rate, therefore they invest in those securities.
9 n% q T5 |. k; Y! S" |) cAlso, fund managers would include risky assets in their portfolio for different purposes, eg efficiency.
2 y% M- l! D2 k& @" n' g9 ]/ gsimilar to bonds, CDs trading in the secondary market have different value at different times,
+ J& ^2 l* G6 S: x; A6 Ynormally the value is calculated by adding it's principle and interest.
B. I4 o# e; j) | zeg. the value of the mortgage+the interests to be recieved in the future. & _" q5 p7 Z' U, A5 R2 c% s
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.- |0 f; K9 s" N; v, ?+ G5 C8 I0 T- B0 T
" h6 T8 o; V4 e- x: ` i) f& \
im not quite sure if the multiplier effect does really matter in this case.+ h4 V& N( T. t, [
in stock market, it's the demand and supply pushing the price up/downwards.: D5 \2 E. U9 q0 Y1 o
For eg, A bought 10000 shares @10$ ; B sells 20000 shares to C @ $12,
8 N: l# a. F, h+ Q0 QA's shares would suddenly increase to $120000 from $100000 which does not invlove any $ transaction.2 j$ t% w. {5 J$ B, `
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. , I5 Z# w; u, J. p1 R; s
but the value of their assets did really drop significantly.
0 t5 z- s! X9 J8 h
+ d7 I* k) v# K) q4 X! d[ 本帖最後由 Kev 於 2008-10-8 07:26 PM 編輯 ] |
|
