|
- 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.# Q% B, }% ~5 ]* u7 @$ y
CDs could have different ratings, AAA -> F,, M" G# h; y( d% r% o
more risky ones would have higher premium (interest rate) as a compensation for an investment.) `) j- S# ~. t/ \2 e" s& h
main reason why ppl buy those risky CDs is because the rate of return exceeds their internal rate of return,
( U) O3 l8 d _) M/ Q0 q! D# ~in other words, the interest rate of that investment > their required interest rate, therefore they invest in those securities.6 _: O4 ]3 j8 q% [9 [
Also, fund managers would include risky assets in their portfolio for different purposes, eg efficiency.: ]2 {$ |$ B0 g3 p0 ~7 X
similar to bonds, CDs trading in the secondary market have different value at different times,
# m( u$ m1 }' |; ~7 s, vnormally the value is calculated by adding it's principle and interest. + N2 Z* S2 y; n% _
eg. the value of the mortgage+the interests to be recieved in the future.
/ C8 e" B! y9 ~- G- kbanks 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 } Y+ [+ l) j8 t$ C+ C/ P+ }( C) E1 h
. [1 M( L1 ?) |' z
im not quite sure if the multiplier effect does really matter in this case.
8 n2 m, u9 _ h2 I/ K. lin stock market, it's the demand and supply pushing the price up/downwards.
% T) p# J2 H* G; p6 y7 P6 WFor eg, A bought 10000 shares @10$ ; B sells 20000 shares to C @ $12,7 R$ O' i( v! X- x4 k' w+ ?4 y$ B
A's shares would suddenly increase to $120000 from $100000 which does not invlove any $ transaction.$ `1 U! Y) T/ p; ~ C& ?/ ], S6 ?
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.
2 `! l3 P( \) a! D c' L' V% ]but the value of their assets did really drop significantly.
' W# m) A) J* m# ]8 P8 V
! k# u2 b- ]: m9 u9 t[ 本帖最後由 Kev 於 2008-10-8 07:26 PM 編輯 ] |
|
