|
- 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* A2 a4 {2 D4 L% A
CDs could have different ratings, AAA -> F,
2 t1 @8 Q# f" ^: Z V" e9 Z: rmore risky ones would have higher premium (interest rate) as a compensation for an investment.
1 Q: T+ Q# L1 ~, C$ v7 W* Omain reason why ppl buy those risky CDs is because the rate of return exceeds their internal rate of return,
/ u6 i- P) \7 _in other words, the interest rate of that investment > their required interest rate, therefore they invest in those securities.0 Q" h( O% [% ? m
Also, fund managers would include risky assets in their portfolio for different purposes, eg efficiency.
" R+ `1 W# y# g% v0 c9 U; Z( Dsimilar to bonds, CDs trading in the secondary market have different value at different times,6 D0 K& [$ E$ v0 q! u' v. P. [
normally the value is calculated by adding it's principle and interest. . \; d7 ]% {/ y e8 \( N. J* \
eg. the value of the mortgage+the interests to be recieved in the future. & L2 ~) ~! k2 |4 B% _
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 ^4 W7 p2 R+ f, E2 ~9 o6 a
( z2 u6 d4 u+ s- D- `! `0 X7 eim not quite sure if the multiplier effect does really matter in this case.
" M- L4 V* U& \8 {- _# min stock market, it's the demand and supply pushing the price up/downwards.; ` }1 B# {& o/ M: R
For eg, A bought 10000 shares @10$ ; B sells 20000 shares to C @ $12,
! ^8 _8 p* Z3 M2 u8 o B+ G. ~3 hA's shares would suddenly increase to $120000 from $100000 which does not invlove any $ transaction., Z Z1 S+ M) q1 p. x) d$ X
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. + p: ]+ Q) ~1 p+ n8 v2 V2 @! m
but the value of their assets did really drop significantly.
+ i. T# Z# |* J7 y2 z" H% ^1 h$ b3 @4 w U5 Q
[ 本帖最後由 Kev 於 2008-10-8 07:26 PM 編輯 ] |
|
