|
- 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.5 c1 P3 s7 l9 n9 j: F$ [% \
CDs could have different ratings, AAA -> F,0 M2 B9 c, j6 J" A# B
more risky ones would have higher premium (interest rate) as a compensation for an investment.: [, Z0 f) z+ O- a9 g
main reason why ppl buy those risky CDs is because the rate of return exceeds their internal rate of return,! l) z& E% k k' E9 f L% o
in other words, the interest rate of that investment > their required interest rate, therefore they invest in those securities.! ?7 c" i4 o# T/ `. y! u9 z
Also, fund managers would include risky assets in their portfolio for different purposes, eg efficiency.4 w0 Y+ L/ h; ?" Z
similar to bonds, CDs trading in the secondary market have different value at different times,
; I& i- n% B/ J: Q! o8 K8 |normally the value is calculated by adding it's principle and interest.
2 v9 [. O4 p# X/ a+ s/ seg. the value of the mortgage+the interests to be recieved in the future. & v; J) g s5 k* [7 M
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.7 H' S& V( k9 R- Q! ]4 l" S A3 ^
( G9 B8 n8 f6 \5 K. Lim not quite sure if the multiplier effect does really matter in this case.' a( L; [" {: }# t0 X8 S/ h
in stock market, it's the demand and supply pushing the price up/downwards.
! h7 z/ L ?) M7 u/ R# HFor eg, A bought 10000 shares @10$ ; B sells 20000 shares to C @ $12,
) |* G2 O. H# X* G' C$ _A's shares would suddenly increase to $120000 from $100000 which does not invlove any $ transaction.5 G7 v/ Z, R% i2 [/ }2 \3 D2 z& N
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. & ^* @( ?9 |- f. m
but the value of their assets did really drop significantly.+ L8 h' @% x6 t
/ l" P. @: q; _- R$ {1 r[ 本帖最後由 Kev 於 2008-10-8 07:26 PM 編輯 ] |
|
