Periodos

1
2
3
4
5
6
7
8
9
10
Promedio

BA

Rendimientos
De mercado De activo A
25.00%
18.00%
21.00%
22.00%
18.50%
24.00%
15.00%
16.80%
12.00%
13.10%
17.50%
14.50%
23.20%
18.60%
26.40%
22.40%
25.60%
21.20%
26.10%
24.60%
21.03%
19.52%

0.47021

Rendimiento Esperado
R=
?
RF
12%
BA
0.47021
Rm-Rf
21.03%
R=

Desviaciones
De mercado
De activo A
3.97%
-1.52%
-0.03%
2.48%
-2.53%
4.48%
-6.03%
-2.72%
-9.03%
-6.42%
-3.53%
-5.02%
2.17%
-0.92%
5.37%
2.88%
4.57%
1.68%
5.07%
5.08%
suma
Covarianza
Varianza

16.25%

12%

9.03%

Producto
desviaciones

-0.00060344
-0.00000744
-0.00113344
0.00164016
0.00579726
0.00177206
-0.00019964
0.00154656
0.00076776
0.00257556
0.01215540
0.00121554

Desviacion cuadrado
Mercado

0.00157609
9E-08
0.00064009
0.00363609
0.00815409
0.00124609
0.00047089
0.00288369
0.00208849
0.00257049
0.02326610
0.002585122

Pagare
Costo
IGV
Depreciacion
Tasa
Plazo pago
Tasa tributo

Saldo
Principal
Interes
Cuota

23,600.00
20,000.00
3,600.00
10%
8%
4 aos
30%
Ao 0
23,600.00

R=

7,125.33

Ao 2
12,706.35
5,656.32
1,469.01
7,125.33

Ao 3
6,597.53
6,108.82
1,016.51
7,125.33

0.001
0.08

Ao 1
18,362.67
5,237.33
1,888.00
7,125.33

Ao 4
0.00
6,597.53
527.80
7,125.33

10.00%
Ao
0
1
2
3
4
5

Inversin
-100,000.00
25,000.00
30,000.00
35,000.00
30,000.00
25,000.00

PSA
1.0000
1.1000
1.2100
1.3310
1.4641
1.6105
VAN
VNA
VPN

Valor actual
-100,000.00
22,727.27
24,793.39
26,296.02
20,490.40
15,523.03
9,830.12
109,830.12
9,830.12

Se acepta