January 2015
Beginner
480 pages
31h 42m
English
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5.5 Risk-Free Rate and Premiums
We have looked at two important concepts in regard to interest rates: the concept of annual rates and periodic rates and the concept of real rates and nominal rates. When you visit any financial institution, however, you will see many different advertised rates. For example, a visit to the Web site of a local credit union revealed a number of borrowing rates and investing rates, as illustrated in Table 5.4.
Why are these nominal rates different? Why does the credit union charge you one rate when you borrow for a house and another rate when you borrow for a car or boat? When you get a credit card, why is the rate so much higher than the rate you get when you borrow for a house or car or boat? Also, why is the bank ...
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