|
  
- 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.( E; w. f: ]7 n5 \. H3 M
CDs could have different ratings, AAA -> F,9 _2 f" K9 T' `4 \0 t
more risky ones would have higher premium (interest rate) as a compensation for an investment.4 p, ], O- d6 i2 U
main reason why ppl buy those risky CDs is because the rate of return exceeds their internal rate of return,
9 t/ u0 H0 \: @. Y2 `; H* M+ `! zin other words, the interest rate of that investment > their required interest rate, therefore they invest in those securities.
6 }, ^2 C/ [: _* X- NAlso, fund managers would include risky assets in their portfolio for different purposes, eg efficiency./ {8 O- o3 k5 W' J, `% C8 k# n8 O
similar to bonds, CDs trading in the secondary market have different value at different times,
3 _+ l% ?% ]: z+ ^6 r& Bnormally the value is calculated by adding it's principle and interest.
: k* `" {4 g& ~$ D" g1 keg. the value of the mortgage+the interests to be recieved in the future.
# u) A! a1 r" c) n6 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.
+ d: n6 i4 B: A; `& K$ b; j# J5 Q: J; p' f" U; r
im not quite sure if the multiplier effect does really matter in this case.) }5 S7 l- H# z/ W m; |0 m
in stock market, it's the demand and supply pushing the price up/downwards.
* x/ G I$ a5 E; h( R" X) _For eg, A bought 10000 shares @10$ ; B sells 20000 shares to C @ $12,
' K' Q+ d u, V7 SA's shares would suddenly increase to $120000 from $100000 which does not invlove any $ transaction.
" F6 m2 E( n* I, Q5 lThe 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. c" N2 z7 d0 s
but the value of their assets did really drop significantly.6 k- j% @* Y, H- ~1 W+ m
+ J& p, `) D q' x+ `# q! c
[ 本帖最後由 Kev 於 2008-10-8 07:26 PM 編輯 ] |
|