|
  
- 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, ]7 n4 h J9 t% j/ K2 |
CDs could have different ratings, AAA -> F,
" \3 u7 g6 s2 y) emore risky ones would have higher premium (interest rate) as a compensation for an investment.3 I ]! W( w( L! O( \
main reason why ppl buy those risky CDs is because the rate of return exceeds their internal rate of return,
9 h& r7 T H; B2 K" |: gin other words, the interest rate of that investment > their required interest rate, therefore they invest in those securities.5 N' E% Y, \# t# u0 O$ N
Also, fund managers would include risky assets in their portfolio for different purposes, eg efficiency.
* ?; [/ U" T3 ~similar to bonds, CDs trading in the secondary market have different value at different times,
4 X' b) m- o5 t. j' {. {' x rnormally the value is calculated by adding it's principle and interest. ! I8 [" m* ]8 S( b% ^& X- y7 J
eg. the value of the mortgage+the interests to be recieved in the future. 1 z+ U* U2 B5 }) A# [6 z6 C
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.2 n0 j, g+ t$ x ^' R( u
7 J: Z% u! S2 }: Eim not quite sure if the multiplier effect does really matter in this case.( f, ?0 j5 t; }' U+ t, u5 ~
in stock market, it's the demand and supply pushing the price up/downwards.+ c! B* u; e% a& m0 {! c) O
For eg, A bought 10000 shares @10$ ; B sells 20000 shares to C @ $12, o( }- O- d5 v6 m# \ E6 ^
A's shares would suddenly increase to $120000 from $100000 which does not invlove any $ transaction.
6 `; x1 S4 c2 I9 aThe 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.
0 E4 r. V1 C+ U% D9 P8 ebut the value of their assets did really drop significantly.# @5 _: Q* o- U1 U5 p" y6 l* }7 U
2 Q- z, J" n( \7 \, s[ 本帖最後由 Kev 於 2008-10-8 07:26 PM 編輯 ] |
|