Scribd Logo
Upload

Welcome to Scribd!

  • Jawaban Soal Stock Valuation

    Uploaded by

    refita
    101 views3 pages
    The document contains financial information about three securities: an obligasi bond issued by PT Sihartani, preferred shares of PT Gabriella, and common shares of PT Eka Maria. It provides details like coupon rates, prices, required rates of return, and calculates the theoretical value of each security by discounting future cash flows. It finds that the prices of the preferred shares and common shares are higher than their theoretical values, while the bond price is lower than its theoretical value. Growth rates are also calculated to check if they match the securities' expected returns.

    Original Description:

    Jawaban Soal Stock Valuation

    Copyright

    © © All Rights Reserved

    Available Formats

    XLSX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The document contains financial information about three securities: an obligasi bond issued by PT Sihartani, preferred shares of PT Gabriella, and common shares of PT Eka Maria. It provides details like coupon rates, prices, required rates of return, and calculates the theoretical value of each security by discounting future cash flows. It finds that the prices of the preferred shares and common shares are higher than their theoretical values, while the bond price is lower than its theoretical value. Growth rates are also calculated to check if they match the securities' expected returns.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    101 views3 pages

    Jawaban Soal Stock Valuation

    Uploaded by

    refita
    The document contains financial information about three securities: an obligasi bond issued by PT Sihartani, preferred shares of PT Gabriella, and common shares of PT Eka Maria. It provides details like coupon rates, prices, required rates of return, and calculates the theoretical value of each security by discounting future cash flows. It finds that the prices of the preferred shares and common shares are higher than their theoretical values, while the bond price is lower than its theoretical value. Growth rates are also calculated to check if they match the securities' expected returns.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 3

    Obligasi PT Sihartani

    n = 12
    Par Value = 1,000,000.00
    coupon rate = 8.75%
    Bond Price = 1,314,000.00
    required rate of return = 6%

    Saham Preferen PT Gabriella


    D = 25.00
    Price = 255.00
    required rate of return = 7%

    Saham Biasa PT Eka Maria


    Price = 367.50
    D0 = 13.2
    EPS -5 tahun = 14.90
    EPS now = 30.60
    required rate of return = 18%
    Selisih antara Harga
    Sekuritas dan Nilai
    Sekuritas

    PV dari Pembayaran Bunga = $733,586.34


    PV dari Pokok Obligasi = $496,969.36
    Nilai Obligasi = $1,230,555.71 ($83,444.29)

    Nilai Saham Preferen = 357.14 102.14

    g = 15.48%

    Nilai Saham Biasa = 604.91 237.41

    g2 = 12.48%

    Nilai Saham Biasa = 268.98 (98.52)


    Check g nya benar atau tidak
    -5 -4 -3 -2 -1 0
    14.9 17.2 19.9 22.9 26.5 30.6

    You might also like