|
- 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. ?! |( o7 r; B" q: i8 b
CDs could have different ratings, AAA -> F,
+ V2 @1 d9 F, |+ m( B; Gmore risky ones would have higher premium (interest rate) as a compensation for an investment.6 u% p9 }9 ?& f* o$ v# j3 B
main reason why ppl buy those risky CDs is because the rate of return exceeds their internal rate of return,' V' T6 Y/ [( R% B0 P) N1 m7 r! D
in other words, the interest rate of that investment > their required interest rate, therefore they invest in those securities.' [) ?& P5 J3 p; m5 T: _
Also, fund managers would include risky assets in their portfolio for different purposes, eg efficiency. ?+ l1 V. L! X6 B6 }
similar to bonds, CDs trading in the secondary market have different value at different times,) |0 a8 c S+ e5 K" _$ g4 ?
normally the value is calculated by adding it's principle and interest.
8 t N# B* O: n4 P3 g; h* [eg. the value of the mortgage+the interests to be recieved in the future.
5 E& J* g1 X& c6 R$ J, Jbanks 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.
% f7 f6 L' G! n- `( q) e/ F. q' }: s- d/ x5 F
im not quite sure if the multiplier effect does really matter in this case.
" u' O1 C! z d" s: {in stock market, it's the demand and supply pushing the price up/downwards.7 ^! b; b% R# d5 d, S! r# \. H8 |
For eg, A bought 10000 shares @10$ ; B sells 20000 shares to C @ $12,
) [, w* G$ A5 x0 K; gA's shares would suddenly increase to $120000 from $100000 which does not invlove any $ transaction.
* [ h. [9 ]9 n8 {8 ^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.
6 B; K7 T, t2 v; P/ M9 c, Ibut the value of their assets did really drop significantly." p& \( ` c6 R. U$ l% z( s( k1 n
- y- }5 w. f" F; E[ 本帖最後由 Kev 於 2008-10-8 07:26 PM 編輯 ] |
|
