|
- 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.( m5 W5 B3 {" z1 w$ d/ c8 ^! \/ |
CDs could have different ratings, AAA -> F,
0 Q7 M+ `# y1 L7 t* r" [4 Tmore risky ones would have higher premium (interest rate) as a compensation for an investment.7 x3 @, J0 H9 u; [
main reason why ppl buy those risky CDs is because the rate of return exceeds their internal rate of return,; D6 v3 }' e8 z/ n* }1 y
in other words, the interest rate of that investment > their required interest rate, therefore they invest in those securities." I/ _. m$ T& |
Also, fund managers would include risky assets in their portfolio for different purposes, eg efficiency.
; ~7 ~6 S4 p3 P) {9 o7 q# Msimilar to bonds, CDs trading in the secondary market have different value at different times,8 J. c2 c0 b* n% x h
normally the value is calculated by adding it's principle and interest.
% u& j; c# d! peg. the value of the mortgage+the interests to be recieved in the future. 2 O& f0 m# ]( K' d2 p
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.
! V; p4 ?; y! f8 |. U6 l( o
: C( l; g0 l8 E) Y9 x, ^im not quite sure if the multiplier effect does really matter in this case.
* u1 F8 r+ q# ~# a3 [( hin stock market, it's the demand and supply pushing the price up/downwards.
- J9 L, O; n8 b, @2 @: XFor eg, A bought 10000 shares @10$ ; B sells 20000 shares to C @ $12,
. h! ?% E$ _8 z U) d+ GA's shares would suddenly increase to $120000 from $100000 which does not invlove any $ transaction.# h0 f4 k2 F* ]9 s. w' H7 R
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. " Y5 K; t% r a5 k, {
but the value of their assets did really drop significantly.
# n# y, @2 d6 c3 V8 `$ Y/ C3 }! O; k3 ^6 ?7 U0 d
[ 本帖最後由 Kev 於 2008-10-8 07:26 PM 編輯 ] |
|
