Câu 9: Ngày 1/1/X6, Công ty A mua cổ phiếu ưu đãi có hoàn trả (MRPS: mandatorily redeemable preference share) với cá

điều khoản sau: Ngày phát hành: 1/1/X6, Bên phát hành: Công ty B, Mệnh giá: 12,000,000$, Giá mua: 12,500,000$; chi p
mua: 50.000; $ Lãi suất cổ phiếu: 3%/năm; trả lãi định kỳ ngày 31/12; ngày đáo hạn: 31/12/X10. Lãi suất thực tế của cổ p
này vào 31/12/X6 & 31/12/X7 là 3,5%/ năm va 4%/năm
 le preference share) với các
á mua: 12,500,000$; chi phí
0. Lãi suất thực tế của cổ phiếu
 12,500,000
50,000
12,000,000 3.0%
interest cash Interest incomeamortized premium
1/1/X6
31/12/X6 360,000 254,370 105,630
31/12/X7 360,000 252,229 107,771
31/12/X8 360,000 250,044 109,956
31/12/X9 360,000 247,816 112,184
31/12/X10 360,000 245,542 114,458

31/12/X6 3.5% cash flow

31/12/X7 1 360,000 360,000
31/12/X8 2 360,000 360,000
31/12/X9 3 360,000 360,000
31/12/X10 4 360,000 12,000,000 12,360,000

interest cash Interest incomeamortized discount

31/12/X6
31/12/X7 360,000 412,287 52,287
31/12/X8 360,000 414,117 54,117
31/12/X9 360,000 416,011 56,011
31/12/X10 360,000 417,971 57,971

31/12/X7 4% - - -
31/12/X8 1 360,000 - 360,000
31/12/X9 2 360,000 - 360,000
31/12/X10 3 360,000 12,000,000 12,360,000
 3.5%
premium principle carrying amount (CA)cash flow
550,000 12,000,000 12,550,000 (12,550,000)
444,370 12,000,000 12,444,370 360,000
336,598 12,000,000 12,336,598 360,000
226,643 12,000,000 12,226,643 360,000
114,458 12,000,000 12,114,458 360,000
(0) 12,000,000 12,000,000 12,360,000
2.03%

discount factor present value

0.966184 347,826
0.933511 336,064
0.901943 324,699
0.871442 10,771,026
11,779,615 11,779,615 (FV-31/12/X6) 664,754
discount principle carrying amount (CA)
220,385 12,000,000 11,779,615
168,098 12,000,000 11,831,902
113,982 12,000,000 11,886,018
57,971 12,000,000 11,942,029
(0) 12,000,000 12,000,000

- -
1 346,154
1 332,840
1 10,987,995
333,011 11,666,989 11,671,844 (4,855)
 CK/PT
550,000 105,630
664,754
107,771
669,609 4,855
336,598

OCI
664,754 669,609
4,855
 12,500,000
50,000
12,000,000 3.0%
interest cash Interest income amortized premium
1/1/X6
31/12/X6 360,000 264,138 95,862
31/12/X7 360,000 262,112 97,888
31/12/X8 360,000 260,044 99,956
31/12/X9 360,000 257,932 102,068
31/12/X10 360,000 255,775 104,225

Interest cash principle cash flow

31/12/X6 3.5%
31/12/X7 1 360,000 360,000
31/12/X8 2 360,000 360,000
31/12/X9 3 360,000 360,000
31/12/X10 4 360,000 12,000,000 12,360,000

interest cash Interest income amortized discount

31/12/X6
31/12/X7 360,000 412,287 52,287
31/12/X8 360,000 414,117 54,117
31/12/X9 360,000 416,011 56,011
31/12/X10 360,000 417,971 57,971

31/12/X7 4%
31/12/X8 1 360,000 - 360,000
31/12/X9 2 360,000 - 360,000
31/12/X10 3 360,000 12,000,000 12,360,000

31/12/X7
31/12/X8 360,000 466,680 106,680
31/12/X9 360,000 470,947 110,947
31/12/X10 360,000 475,385 115,385
 3.5%
premium principle carrying amount (CA)cash flow
500,000 12,000,000 12,500,000 (12,500,000)
404,138 12,000,000 12,404,138 360,000
306,250 12,000,000 12,306,250 360,000
206,294 12,000,000 12,206,294 360,000
104,225 12,000,000 12,104,225 360,000
(0) 12,000,000 12,000,000 12,360,000
2.11%
discount factor present value

0.966184 347,826
0.933511 336,064
0.901943 324,699 12,100,000 320,385
0.871442 10,771,026
11,779,615 FV(31/12/X6) 624,523
720,385
discount principle carrying amount (CA) 360,385
220,385 12,000,000 11,779,615
168,098 12,000,000 11,831,902
113,982 12,000,000 11,886,018
57,971 12,000,000 11,942,029
(0) 12,000,000 12,000,000

0.96154 346,154
0.92456 332,840
0.88900 10,987,995
11,666,989 (FV-31/12/X7) (164,913)
(112,626)
333,011 12,000,000 11,666,989
226,331 12,000,000 11,773,669
115,385 12,000,000 11,884,615
- 12,000,000 12,000,000
 360,385
;

"=11.666.989-11.831.902"
"=11.666.989-11.779.615"