|
  
- 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.) x) p8 J) G& U1 W7 m4 E1 F
CDs could have different ratings, AAA -> F,8 B' o9 B' f* v E" P
more risky ones would have higher premium (interest rate) as a compensation for an investment.! j( ~6 W6 |) j
main reason why ppl buy those risky CDs is because the rate of return exceeds their internal rate of return,, F+ b, k( }. E( ~& N
in other words, the interest rate of that investment > their required interest rate, therefore they invest in those securities.
, B* b. V1 {( V# H% X! D- ~Also, fund managers would include risky assets in their portfolio for different purposes, eg efficiency.9 p) j/ U# c0 w7 W+ {) k
similar to bonds, CDs trading in the secondary market have different value at different times,9 m$ |/ _3 N2 s
normally the value is calculated by adding it's principle and interest. , @$ Z$ x# T0 U) [
eg. the value of the mortgage+the interests to be recieved in the future.
9 Y9 {3 B% f9 {! p* J. h4 S9 M4 Ibanks 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 Z+ p1 L1 m$ U# z
) _5 t/ _& T) S# s" y. v! zim not quite sure if the multiplier effect does really matter in this case./ |' H3 T4 E, A
in stock market, it's the demand and supply pushing the price up/downwards.$ x' q; j& l- y1 g( ]. s, _
For eg, A bought 10000 shares @10$ ; B sells 20000 shares to C @ $12,
4 L% J& m5 v4 p# z" \* bA's shares would suddenly increase to $120000 from $100000 which does not invlove any $ transaction.
, {/ l( v# k& G. D; Q( s; nThe 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. + k0 R5 M2 q+ O
but the value of their assets did really drop significantly.
* u p4 |# T j
: s3 N" s' `3 Y/ u[ 本帖最後由 Kev 於 2008-10-8 07:26 PM 編輯 ] |
|