|
- 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.
! c; U# A' Y4 U' GCDs could have different ratings, AAA -> F,. P1 m! B+ \# ?! v& b
more risky ones would have higher premium (interest rate) as a compensation for an investment.& I3 {' Q) f( e8 E" S$ C% i
main reason why ppl buy those risky CDs is because the rate of return exceeds their internal rate of return,) ~' Z- }: }& P7 k1 a& p$ j+ Y- P
in other words, the interest rate of that investment > their required interest rate, therefore they invest in those securities.' c- A7 @9 m6 {3 C
Also, fund managers would include risky assets in their portfolio for different purposes, eg efficiency.
( v" A# ]( n3 n; i+ g1 Q. ysimilar to bonds, CDs trading in the secondary market have different value at different times,
, w1 R" m1 E2 ?9 Unormally the value is calculated by adding it's principle and interest. , j2 b8 {: R# n, p0 N4 s g( n. P
eg. the value of the mortgage+the interests to be recieved in the future. x1 V# Z8 G5 n
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.
, ^, ^' s* ~6 V/ @4 H) h; n& p+ K: n( s* y; e
im not quite sure if the multiplier effect does really matter in this case.
3 ?7 [) X, Z2 I" jin stock market, it's the demand and supply pushing the price up/downwards.* m7 M `, a+ X a( {
For eg, A bought 10000 shares @10$ ; B sells 20000 shares to C @ $12,7 F( s( N6 A& u. j. h! S4 R/ j* B9 S
A's shares would suddenly increase to $120000 from $100000 which does not invlove any $ transaction.
' |) z9 W8 E& _6 d! ]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.
# i, [8 C# j2 B! g8 O. {but the value of their assets did really drop significantly.( K+ H: d, K# d- P% V- L
: _4 n8 G/ T" ?8 O6 Q4 V
[ 本帖最後由 Kev 於 2008-10-8 07:26 PM 編輯 ] |
|
