|
- 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.1 d+ z" T+ [" v& l5 u
CDs could have different ratings, AAA -> F,
" X! k4 ~, j) m4 E8 J: p7 p7 Omore risky ones would have higher premium (interest rate) as a compensation for an investment.4 Q1 R7 h% b) r
main reason why ppl buy those risky CDs is because the rate of return exceeds their internal rate of return,$ `, X. N' S) R6 U- b4 X
in other words, the interest rate of that investment > their required interest rate, therefore they invest in those securities.
5 n: E2 Z5 E* k( o8 aAlso, fund managers would include risky assets in their portfolio for different purposes, eg efficiency.2 |0 c, C4 W1 D
similar to bonds, CDs trading in the secondary market have different value at different times,
9 @4 P y/ ?% `$ @! `$ A( Enormally the value is calculated by adding it's principle and interest.
' E* |% P7 c7 q: F8 ]3 M4 qeg. the value of the mortgage+the interests to be recieved in the future.
/ s ~; |% \ I; Y% O/ L' f: \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.
4 y, m. J& e9 X' t+ Z1 k& n
2 }/ A9 O0 ]- E* y) @ vim not quite sure if the multiplier effect does really matter in this case.
6 u* H# |2 U9 ^/ N* n/ min stock market, it's the demand and supply pushing the price up/downwards.
* z+ u1 b! I6 M7 \For eg, A bought 10000 shares @10$ ; B sells 20000 shares to C @ $12,
q+ F" f- s# _( E/ @6 x8 }9 O1 iA's shares would suddenly increase to $120000 from $100000 which does not invlove any $ transaction.
# p: A6 T3 ~! l! x$ D5 \! iThe 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. $ M( H: L; a+ T! C* A+ t' Q* P
but the value of their assets did really drop significantly.
' G d8 @. J( w6 _) k2 j9 x) a+ h
^: W" e+ M, C) F[ 本帖最後由 Kev 於 2008-10-8 07:26 PM 編輯 ] |
|
