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(Forum - Ueh.edu - VN) - Cong Thuc Quan Tri Tai Chinh
(Forum - Ueh.edu - VN) - Cong Thuc Quan Tri Tai Chinh
n
(a ta th gan n) = (1+
0
)
n
1 a 12% tnh a
suat thc vao nam th 5
theo a n = 12%*5 = 60%
theo a kep =
5
= (1+12%)
5
1
chuye1n $1i 5a"i ,anh nghda sang 5a"i thc:
i
rBtC
@ b 1Vi
(3
Hmc
1Im
. m: so an ghep a. hay (n*m)
). ng ,ung cua 7#
a. ng ,ung tr$ng thanh t$an n&: ap bang ke hoach
trong thanh toan a va goc
st
t
Khoan mua tnh Nam 0 Nam
1
Nam
2
Na
m 3
1 (1) so d n
au ky
Khong co 1000
2 (2) a vay pha
tra
(ho a)
3 (3) khoan thanh
toan
(*)
4 (4) thanh toan
n goc
(3) (2)
5 (5) so d n
cuo ky
(1) (4)
(*) = Pv/|IF
D
: r,n| ; Pv = X/(1+K
D
)
t
(t chay t 1 n)
bang thanh toan
st
t
Khoan mua tnh
1 (1)
2 (2)
3 (4)
DT TCP
TSCN + TSLN
UW : (T : TT>
Heu suat tong TS Lo nhuan ben I
ROA * TTS/VCPT(don bay
tchnh
4 (3)
5 (5)
Kai t$an tra g$- B]u$iY #a ng&cC
Xuo: cho a tra gop tnh khoan thanh toan nh ky
Ngc: cho khoan thanh toan nh ky tnh a tra
gop.
Mua may tnh 1200$ tra trc 200$, so con a 1000
tra trong 12 thang, a suat 2,5%/thang. So ten KH
tra dnh ky a ? e cuo nam het n?
1000 = X| 1/(1+2,5%)
t
| = > X = 1000/(IF
D
: 2,5, 12%)
co the tra ngc bang D tm ra
7han tch (N77L3
Lvay + KH + TTN + CPK
TK + KPThu + TM + KHC
WL'
+h&ng 0 ?nh gia chng 9h$an
Btrai -hieu #a c$1 -hieuC
0.1 nh gia trai -hieu
a suat huy ong (Kd)= const; a suat th trng
Kdm (no thay o va am cho ga tra pheu ben
ong. INT = M*Kd = const.
2.1 phng phap nh ga tra pheu: (thng nh ha
ky)1/6 va 1/12.
I tr&ng h&- thanh t$an 5a"i 1 5a%n na/m: Vb = INT/
(1+Kdm)
n
+ M/(1+Kdm)
n
;Vb = INT|IF
D
Kdm,N|. ga tra
pheu t e ngch v th trng.
I tr&ng h&- thanh t$an 5a"i hai 9y na/m: Vb = INT/2|IF
D
Kdm/2 , 2N| ; Vb =
2n
nh tren nhng ch INT/2, Mu 2n,
Kdm/2.
I tnh 5a"i suat a$ han cua trai -hieu: theo phng
phap th va oa: Rb : a a suat ao han cua
Bond. So sanh Vb >. <, hay = v M => Kd >,< hay =
Kdm
Rb = |INT + (M-Vb/n)|/(M+2Vb)/3 => Vb = Vb khongth
a.
?nh gia trai -hieu 9hi 5a"i suat thay $1i the$ th&i gian:
tnh tng th oan.
0.) nh gia c$1 -hieu th&ng.
Po: th ga ta th em hen ta; Ks: suat snh
cua von chu s hu; g: mc tang trng co tc
(ky vong). D1/Po= ty suat co tc ky vong; (P1
Po)/Po = mc thang d von = g. D1: co tc thanh
toan cho cac co ong th gan t. Dt=Do(1+g)
t
ung kh g = sonst.D1 = Do(1+g) => D2 = D1(1+g)
2
.
).1 nh gia #&i c-t #inh #ie4n:
Po = D1/(Ks-g). kh g > Ks => g tang seu ta tnh nh
ssau: