Tasa de mercado 1.

158924997
VA= 800 x +
8% 0.172714
Años
10 VA= 800 x 6.710081399 +

VA= 10,000.00

Tasa de mercado 0.790847697

VA= 800 x +
6% 0.107450862
Años
10 VA= 800 x 7.360087051 +

VA= 11,472.02

Tasa de mercado 1.59374246

VA= 800 x +
10% 0.259374246
Años
10 VA= 800 x 6.144567106 +

VA= 8,771.09

Valor de un bono 1 / (1 + r)^n

Año
0.9259 1
800
740.74

Inversor Emisor
0- 10,000.00 - 10,000.00
1 800.00 800.00
 2 800.00 800.00
3 800.00 800.00
4 800.00 800.00
5 800.00 800.00
6 800.00 800.00
7 800.00 800.00
8 800.00 800.00
9 800.00 800.00
10 10,800.00 15,800.00
lo que se debe pagar VPN Q10,000.00 Q12,315.97 VPN
TIR 8.00% 10.99% TIR
- 2,315.97

Cupon= 800
r= 8%
P= 10,000.00

0
1
2
VN= 10,000.00 3
VA= 9,500.00 4
r= ? 5
1.05 TIR=
r= 1.03%

1 800 0.92593 740.74

2 800 0.85734 685.87
3 800 0.79383 635.07
4 800 0.73503 588.02
5 800 0.68058 544.47
6 800 0.63017 504.14
7 800 0.58349 466.79
8 800 0.54027 432.22
9 800 0.50025 400.20
 10 10800 0.46319 5,002.49
10,000.00

1 1,490.29 0.92593 1,379.90

2 1,490.29 0.85734 1,277.68
3 1,490.29 0.79383 1,183.04
4 1,490.29 0.73503 1,095.41
5 1,490.29 0.68058 1,014.27
6 1,490.29 0.63017 939.14
7 1,490.29 0.58349 869.57
8 1,490.29 0.54027 805.16
9 1,490.29 0.50025 745.52
10 1,490.29 0.46319 690.29
9,999.97

3.6363636%
Div1 = 0.10 compra de la acción
P1 = 2.75 P0 = 2.48
r= 15.00%

TR 0.55
UPA= 0.45
DIV= 0.20
VCA= 3.75 TR= 0.55
Precio x acción 4.20

ROE= 12.00%
 g= 6.60%

r= 11.4%

0 -2.976
1 0.100
2 0.100
3 0.125
4 0.125
5 4.225
0.000
10%
 1
10,000 x
2.1589249973

10,000 x 0.4631934881

1
10,000 x
1.7908476965

10,000 x 0.5583947769

1
10,000 x
2.5937424601

10,000 x 0.3855432894

- 10,000.00 - 10,000.00 0 - 10,000.00

800.00 800.00 1 800.00
 800.00 800.00 - 10,000.00 2 800.00
800.00 600.00 600.00 3 800.00
800.00 600.00 600.00 4 800.00
800.00 600.00 600.00 5 800.00
800.00 600.00 600.00 6 800.00
800.00 600.00 600.00 7 800.00
800.00 600.00 600.00 8 800.00
800.00 600.00 600.00 9 800.00
10,800.00 10,600.00 10,600.00 10 800.00
Q11,472.02 Q10,366.68 Q3,349.43 11 800.00
8.00% 6.51% -17.93% 12 800.00
13 800.00
14 800.00
15 800.00
16 800.00
17 800.00
18 800.00
19 800.00
20 800.00
21 800.00
22 800.00
23 800.00
24 800.00
25 800.00
Q10,226.68
- 9,500.00 6.24%
-
-
-
-
10,000.00
1.03%
VA= 9,500.00

6.04% 0.94306 754.45

6.50% 0.88166 705.33
6.90% 0.81859 654.87
7.20% 0.75722 605.77
7.50% 0.69656 557.25
7.70% 0.64078 512.62
7.90% 0.58729 469.83
8.00% 0.54027 432.22
8.10% 0.49610 396.88
8.20% 0.45470 4,910.79
10,000.00

6.04% 0.94306 1,405.43

6.50% 0.88166 1,313.93
6.90% 0.81859 1,219.94
7.20% 0.75722 1,128.47
7.50% 0.69656 1,038.07
7.70% 0.64078 954.94
7.90% 0.58729 875.23
8.00% 0.54027 805.16
8.10% 0.49610 739.33
8.20% 0.45470 677.64
10,158.14

0.272 0.372 15.00%

0.5556
 800
0.08
10,000.00
-Q3,879.18 -3.9%

-Q2,103.96 2.4%

-Q777.42 5%

226.68
Tasa de mercado 1.158924997
VA= 800 x +
8% 0.172714
Años
10 VA= 800 x 6.710081399 +

VA= 10,000.00

Tasa de mercado 0.790847697

VA= 800 x +
6% 0.107450862
Años
10 VA= 800 x 7.360087051 +

VA= 11,472.02

Tasa de mercado 1.59374246

VA= 800 x +
10% 0.259374246
Años
10 VA= 800 x 6.144567106 +

VA= 8,771.09

Valor de un bono 1 / (1 + r)^n

Año
0.9259 1
800
740.74

0- 8,500.00 - 10,651.52
1 800.00 800.00
 2 800.00 800.00
3 800.00 800.00
4 800.00 800.00
5 800.00 800.00
6 800.00 800.00
7 800.00 800.00
8 800.00 800.00
9 10,800.00 10,800.00
VPN Q10,651.52 Q11,360.34 VPN
TIR 10.67% 7.00% TIR

Cupon= 800
r= 8%
P= 10,000.00

VN= 10,000.00
VA= 9,500.00
r= ?
1.05 TIR=
r= 1.03% VPN=

1 800 0.92593 740.74

2 800 0.85734 685.87
3 800 0.79383 635.07
4 800 0.73503 588.02
5 800 0.68058 544.47
6 800 0.63017 504.14
7 800 0.58349 466.79
8 800 0.54027 432.22
9 800 0.50025 400.20
10 10800 0.46319 5,002.49
 10,000.00

1 1,490.29 0.92593 1,379.90

2 1,490.29 0.85734 1,277.68
3 1,490.29 0.79383 1,183.04
4 1,490.29 0.73503 1,095.41
5 1,490.29 0.68058 1,014.27
6 1,490.29 0.63017 939.14
7 1,490.29 0.58349 869.57
8 1,490.29 0.54027 805.16
9 1,490.29 0.50025 745.52
10 1,490.29 0.46319 690.29
9,999.97

Div1 = 0.10
P1 = 2.75 P0 = 2.59
r= 10%

Tre= 0.55
UPA= 0.45
DIV= 0.20
VCA= 3.75 TR= 0.55
Precio x acción 4.20

ROE= 12.00%

g= 6.60%
r= 11.4%
 1
10,000 x
2.1589249973

10,000 x 0.4631934881

1
10,000 x
1.7908476965

10,000 x 0.5583947769

1
10,000 x
2.5937424601

10,000 x 0.3855432894

- 10,000.00 - 10,000.00
800.00 800.00
 800.00 800.00 - 10,000.00
800.00 600.00 600.00
800.00 600.00 600.00
800.00 600.00 600.00
800.00 600.00 600.00
800.00 600.00 600.00
800.00 600.00 600.00
10,800.00 10,600.00 10,600.00
Q11,360.34 Q10,366.68 Q10,000.00
8.00% 6.55% 6.00%

- 9,500.00
-
-
-
-
10,000.00
1.03%
7,472.58 VA= 9,500.00

6.04% 0.94306 754.45

6.50% 0.88166 705.33
6.90% 0.81859 654.87
7.20% 0.75722 605.77
7.50% 0.69656 557.25
7.70% 0.64078 512.62
7.90% 0.58729 469.83
8.00% 0.54027 432.22
8.10% 0.49610 396.88
8.20% 0.45470 4,910.79
 10,000.00

6.04% 0.94306 1,405.43

6.50% 0.88166 1,313.93
6.90% 0.81859 1,219.94
7.20% 0.75722 1,128.47
7.50% 0.69656 1,038.07
7.70% 0.64078 954.94
7.90% 0.58729 875.23
8.00% 0.54027 805.16
8.10% 0.49610 739.33
8.20% 0.45470 677.64
10,158.14

0.5556