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Task - Find Ps As Function of-TinatinBakashvili
Task - Find Ps As Function of-TinatinBakashvili
Tasks:
Ps - Settlemnt price
1)
n - days to maturity
n=
HPR - Holding Period Return NV=
APR - Annual Percentage Rate APR=
RBD - Bond Discount Rate
HPR=
1- See BKM $5.1. HPR=
31
1000
8% 0.08
APR/365*n
0.006795 თუკი ფასი შემცირდება ვთქვათ გახდება 6
0.00679452054794521=(1000-Ps)/Ps RDB გაიზარდა, ამ შემთხვევაშიც დამოკიდ
წრფივი, ანუ ერთის შემცირებისას მეორე
Ps 993.2513
n= 50
HPR= 0.010959
1.010959
Ps= 989.1599
Ps=Y n=X
0.08=(1000-Ps)/Ps*(365)/n
0.08*Ps*n=(1000-Ps)*(365)/n
0.08*Ps*n=365000-365*Ps
0.08*Ps*n+365*Ps=365000
Ps=365000/0.08n+365
Ps=365000/0.08(n+4562.5)
Ps=4562500/n+4562.5
n Ps
31 993.2513
33 992.8191
48 989.589
80 982.7679
1000 820.2247
nt's Name
if APR = 8%
2) 3)
Ps=456250
RBD= 0.07946 1200
Ps= 993.2513
1000
800
200
0
0 2000 4000 60
Ps= 600
RBD= 4.709677
Ps=Y RBD=X
RBD=(1000-Ps)/1000*(365/31)
RBD*31000=365000-365Ps
365Ps=365000-31000*RBD
Ps=(365000-31000*RBD)/365 RBD Ps
Ps=1000-84.93*RBD 8% 993.2056
6% 994.9042
3% 997.4521
10% 991.507
K
4562500
4562500
4562500
4562500
4562500
998
Ps=4562500/n+4562.5 997 f(x) = − 84.9300000000017 x + 1000
R² = 1
996
995
994
993
992
991
990
989
988
2% 3% 4% 5% 6% 7% 8% 9
Axis Title
2000 4000 6000 8000 10000 12000
0000017 x + 1000
6% 7% 8% 9% 10% 11%
Axis Title