![]() ![]() Karakteristik saham biasa Menilai saham biasa Menghitung tingkat imbal hasil yang diharapkan pemegang sahamīonds pay fixed coupon (interest) payments at fixed intervals (usually every six months) and pay the par value at maturity. Menguraikan karakterisitik dan ciri saham preferen Menghitung nilai saham preferen Menjelaskan karakteristik dan ciri saham biasa Menghitung nilai saham biasa Menghitung tingkat imbal hasil yang diharapkan dari sahamĥ Pokok Bahasan 2 Jenis dan ciri saham preferen Me nilai saham preferen Terminologi dan karakterisitik obligasi Definisi nilai Penentu nilai Proses dasar penilaian Penilaian obligasi Yield to maturity Lima hubungan penting pada penilaian obligasiĤ Tujuan Pembelajaran 2 Mahasiswa mampu untuk: Membedakan berbagai jenis obligasi dan menjelaskan beberapa karakteristik obligasi yang populer Menjelaskan definisi nilai untuk berbagai penggunaan Menjelaskan faktor-faktor yang menentukan nilai Menjelaskan proses dasar penilaian aset Menghitung nilai obligasi dan yield to maturity Menjelaskan lima hubungan penting pada penilaian obligasi This is too low, but you now know that the precise yield to maturity is somewhere between 6 and 7 percent or between 3 and 3.5 percent on a semi-annual basis.Chapter 7 - Valuation and Characteristics of Bonds Chapter 8 - Stock ValuationĢ Tujuan Pembelajaran 1 Mahasiswa mampu untuk:.Plug it into the formula, and you get a P of $95. Talk the annual interest rate up by one more point to 7 percent (or 3.5 percent on a semi-annual basis).This is too high, since the purchase price is $95.92.Plug half of that (3 percent, because payments are semi-annual) it into the formula, and you get a P of $95. In the above example, begin by taking the annual interest rate up by one point to 6 percent.That means you'll effectively want to divide the annual interest rate by 2. Remember, though, you're plugging in an estimated i for semi-annual payments.Since we know that the coupon rate is 5 percent, we can start by plugging numbers that are higher than that into the formula above to solve for P. Since this bond is priced at a discount, we know that the yield to maturity will be higher than the coupon rate. You don’t have to make random guesses about what the interest rate might be. Now, you have to solve for i using trial and error, plugging in different values for i until you get the correct price.Įstimate the interest rate by considering the relationship between the bond price and the yield.Once you have that information, plug it into the formula P = C ∗ ( ( 1 − ( 1 / ( 1 + i ) n ) ) / i ) + M / ( ( 1 + i ) n ). Also, you need to know the amount of each coupon payment you will receive and the number of coupon payments until maturity. You need to know the face value of the bond and the present value, or purchase price. Gather the information and plug it into the formula. ![]()
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