|
- 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.( _$ a" m% d9 ^% n1 U; N @- g' X
CDs could have different ratings, AAA -> F,
8 ?: P+ B ?! S1 r6 h7 m- k! T ?more risky ones would have higher premium (interest rate) as a compensation for an investment.
$ I9 y5 [+ N5 @main reason why ppl buy those risky CDs is because the rate of return exceeds their internal rate of return,
. S; z, V7 u* y7 Y7 Jin other words, the interest rate of that investment > their required interest rate, therefore they invest in those securities.
0 a/ L- q2 I3 l( k0 k# E5 T4 `Also, fund managers would include risky assets in their portfolio for different purposes, eg efficiency.: ^- n" t% s1 a0 `1 P5 E
similar to bonds, CDs trading in the secondary market have different value at different times,
1 D, f: {3 U1 fnormally the value is calculated by adding it's principle and interest.
5 G: Z: v! D( W a2 C X) S1 ieg. the value of the mortgage+the interests to be recieved in the future.
' l# O P4 f% n6 q6 d$ hbanks 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., T' [, b, y4 ]& S9 y+ |
- p0 L. y. h$ L+ z" B2 {
im not quite sure if the multiplier effect does really matter in this case.
$ H2 z7 ?# U" j w; win stock market, it's the demand and supply pushing the price up/downwards.
6 n& y2 V3 F+ J6 d5 Q1 dFor eg, A bought 10000 shares @10$ ; B sells 20000 shares to C @ $12,
) y' \ d6 s. }3 J; p/ q: kA's shares would suddenly increase to $120000 from $100000 which does not invlove any $ transaction.
2 G, z' k# Q2 qThe 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.
/ B- p- M3 w. L+ Lbut the value of their assets did really drop significantly.
, S% z8 ^( J; M) k/ T( m
2 X% f" M) M9 ^& ~. I1 R[ 本帖最後由 Kev 於 2008-10-8 07:26 PM 編輯 ] |
|
