Ejercicio Nro.

1
Bono A

Precio S/. 300,000.00

900,000.00 Valor nominal

389,094.84

Bono C
Valor Nominal
Cupon
75,689.65

= Valor
real

Cupon
1
20,000.00
17,391.30
Valor Presente
150,000.00 =

Como el precio del bono A es S/. 300,000 esta subvaluado, siendo su precio
real S/. 389,094.84, es la mejor inversin

Cupon

Cupon

Cupon

Cupon

Cupon

2
20,000.00
15,122.87

3
20,000.00
13,150.32

4
20,000.00
11,435.06

5
20,000.00
9,943.53

6
20,000.00
8,646.55

1.00
0.43

5
0.08

6
0.07

6
0.43

6
96,353.52
15,416.56
48,321.29

Cupones Actualizados
75,689.65
+

Valor Nominal

Valor Nominal Actualizado

0.43 x

74,310.35 = 0.43x
171,884.35 = x

Bono B
100,000.00 =
100,000.00

1
0.14
1.04 x
100,000.00
1.04

Valor Nominal del bono C

2
0.12

COMPROBACIN

4
0.09

=x

96,353.52 = x

Valor Nominal
Cupon
100,000.00
VNA

3
0.11

Valor Nominal del Bono B

1

15,416.56
13,405.71
100,000.00

15,416.56
11,657.14

15,416.56
10,136.64

15,416.56
8,814.47

15,416.56
7,664.76

Ejercicio Nro.2

TIR 6%

Semestre 1 Semestre 2 Semestre 3 Semestre 4 Semestre 5 Semestre 6

1,250.00
1,250.00
1,250.00
1,250.00
1,250.00
1,250.00
300.00
262.50
225.00
187.50
150.00
112.50
1,550.00
1,512.50
1,475.00
1,437.50
1,400.00
1,362.50
10,000.00
1,504.85
1,425.68
1,349.83
1,277.20
1,207.65
1,141.07

TIR 8%

Semestre 1 Semestre 2 Semestre 3 Semestre 4 Semestre 5 Semestre 6

AMORTIZACIN
1,250.00
1,250.00
1,250.00
1,250.00
1,250.00
1,250.00
CUPON
300.00
262.50
225.00
187.50
150.00
112.50
1,550.00
1,512.50
1,475.00
1,437.50
1,400.00
1,362.50
9,603.98
1,490.38
1,398.39
1,311.27
1,228.78
1,150.70
1,076.80

TIR 4%

Semestre 1 Semestre 2 Semestre 3 Semestre 4 Semestre 5 Semestre 6

AMORTIZACIN
1,250.00
1,250.00
1,250.00
1,250.00
1,250.00
1,250.00
CUPON
300.00
262.50
225.00
187.50
150.00
112.50
1,550.00
1,512.50
1,475.00
1,437.50
1,400.00
1,362.50
10,421.57
1,519.61
1,453.77
1,389.93
1,328.03
1,268.02
1,209.86

AMORTIZACIN
CUPON

Ejercicio Nro.3
Valor Nominal
Cupon
937.83
VNA

75.00
68.18

75.00
61.98

3
1,000.00
75.00
807.66

Le conviene vender el bono a US$ 975.48 porque el precio real es US$ 937.83

Ejercicio Nro.4
1,000.00
930.23

1.07500296

7.50% Tasa de rendimiento a 1 ao

1,000.00
923.79

1.0824971

4.04% Tasa de rendimiento a 2 aos

1,000.00
919.54

1.08750027

2.84% Tasa de rendimiento a 3 aos

ado, siendo su precio

or Nominal
x
x

Semestre 7 Semestre 8
1,250.00
1,250.00
75.00
37.50
1,325.00
1,287.50
1,077.35
1,016.36

Semestre 7 Semestre 8
1,250.00
1,250.00
75.00
37.50
1,325.00
1,287.50
1,006.89
940.76

Semestre 7 Semestre 8
1,250.00
1,250.00
75.00
37.50
1,325.00
1,287.50
1,153.49
1,098.87