|
- 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.
& L$ A1 f. j% M) `6 }9 B7 h( mCDs could have different ratings, AAA -> F,
' e7 b6 N4 u; U$ mmore risky ones would have higher premium (interest rate) as a compensation for an investment.
' N+ p* W# L# B0 s/ v3 ?# R& ^main reason why ppl buy those risky CDs is because the rate of return exceeds their internal rate of return,2 n$ z3 y# B ]. o6 d
in other words, the interest rate of that investment > their required interest rate, therefore they invest in those securities.5 r$ a4 n9 j1 m3 V& A
Also, fund managers would include risky assets in their portfolio for different purposes, eg efficiency.
0 }) c8 w4 ?: D; a3 csimilar to bonds, CDs trading in the secondary market have different value at different times,/ o' K3 l X, @$ y/ |2 w: |) |
normally the value is calculated by adding it's principle and interest.
2 J9 s7 l+ m! y" i2 \eg. the value of the mortgage+the interests to be recieved in the future. + V* N' _ S3 L6 O) w
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.* @; R$ [- N+ d9 f' {. [
& p+ T/ B9 g: M- l4 M" Him not quite sure if the multiplier effect does really matter in this case.
" a; V+ C* w; }7 j' O6 [: o. yin stock market, it's the demand and supply pushing the price up/downwards., K0 w3 a. P7 a
For eg, A bought 10000 shares @10$ ; B sells 20000 shares to C @ $12,1 ~7 e- q4 X/ U% n4 J1 r
A's shares would suddenly increase to $120000 from $100000 which does not invlove any $ transaction.9 l* H% @- o# w
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. + }$ |: J# q' A# D$ i
but the value of their assets did really drop significantly.7 z, U! g6 Q8 R+ c
+ F* M0 V, l; o+ `1 W3 F. R" k
[ 本帖最後由 Kev 於 2008-10-8 07:26 PM 編輯 ] |
|
