|
- 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.
9 {- V# P) k9 e1 o2 G9 QCDs could have different ratings, AAA -> F,
- L' a7 k! C* \/ r5 g0 M9 w& E/ G, u4 imore risky ones would have higher premium (interest rate) as a compensation for an investment./ ~; n4 A: a4 h: Z" I7 Z) x
main reason why ppl buy those risky CDs is because the rate of return exceeds their internal rate of return,
7 [5 l& W# ^9 Y7 l: A. T* cin other words, the interest rate of that investment > their required interest rate, therefore they invest in those securities.9 _/ G) P/ f' I! M( x" l
Also, fund managers would include risky assets in their portfolio for different purposes, eg efficiency.5 [8 k6 m6 H" @4 s
similar to bonds, CDs trading in the secondary market have different value at different times,
7 R; b6 ]* `$ ?/ K; i# wnormally the value is calculated by adding it's principle and interest.
8 N, K0 ^! [# q0 [6 }eg. the value of the mortgage+the interests to be recieved in the future.
8 {- }; |1 y g8 O" O: Mbanks 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.( ]* X. i5 N& V) l
. m( [4 q* ~6 w$ Jim not quite sure if the multiplier effect does really matter in this case. B6 B2 G% [; a/ T8 h! _' w
in stock market, it's the demand and supply pushing the price up/downwards.! Z2 }4 O; j5 h7 o
For eg, A bought 10000 shares @10$ ; B sells 20000 shares to C @ $12,( y" |* D) ^# Z1 i. B: ~
A's shares would suddenly increase to $120000 from $100000 which does not invlove any $ transaction.
# D9 i Y; _/ l1 Q" aThe 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.
) o) k V! P! w0 Kbut the value of their assets did really drop significantly.
+ U! b; i$ I. ^, R! c1 p' T* A4 R
m, T& ~& \+ n7 X3 M[ 本帖最後由 Kev 於 2008-10-8 07:26 PM 編輯 ] |
|
