|
- 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.- u2 M6 Z' ?3 ]( q, ~! q
CDs could have different ratings, AAA -> F,
0 R, S# ~# u% _9 j8 omore risky ones would have higher premium (interest rate) as a compensation for an investment.+ r! Z# G5 y% ?3 C6 D/ h
main reason why ppl buy those risky CDs is because the rate of return exceeds their internal rate of return,
( m$ D2 j- H5 C, Qin other words, the interest rate of that investment > their required interest rate, therefore they invest in those securities.
0 g; a4 V0 ?) r2 }( Z2 \0 |" mAlso, fund managers would include risky assets in their portfolio for different purposes, eg efficiency.* i M8 R2 ]. e0 b7 P6 a4 |
similar to bonds, CDs trading in the secondary market have different value at different times,
8 u7 H& C4 {7 u) K9 S$ `8 Snormally the value is calculated by adding it's principle and interest.
, r" X* H8 W7 n8 a# P5 Weg. the value of the mortgage+the interests to be recieved in the future. . x) |' z( I, V1 G, r
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.% C& e( ]0 G; \
- f. J- F; Z: e# W( m( O2 wim not quite sure if the multiplier effect does really matter in this case.
- S# x; D$ f1 zin stock market, it's the demand and supply pushing the price up/downwards.; i" S) E u* b
For eg, A bought 10000 shares @10$ ; B sells 20000 shares to C @ $12,
% i; k9 L0 P7 V" p- x; H6 ZA's shares would suddenly increase to $120000 from $100000 which does not invlove any $ transaction.% B% }" [: ` N( w) K- b N
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.
( r! ~- t2 J- T4 @" Jbut the value of their assets did really drop significantly.
, u3 b3 |% y- h+ ]% Q7 }' R
0 m! h2 g4 N4 ^1 t) Y1 W[ 本帖最後由 Kev 於 2008-10-8 07:26 PM 編輯 ] |
|
