PROBLEMA N 01

ao 1
ao 2
ao 3
ao 4
ao 5
VN

95.50
91.05
86.38
81.65
76.51
1,000.00

PERIODO 01
S/. -95.50
S/. 1,000.00
PERIODO 02
0
S/. -91.05
1
S/. 0.00
2
S/. 1,000.00
PERIODO 03
0
S/. -91.05
1
S/. 0.00
2
S/. 0.00
3
S/. 1,000.00
PERIODO 04
0
S/. -81.65
1
S/. 0.00
2
S/. 0.00
3
S/. 0.00
4
S/. 1,000.00
PERIODO 05
0
S/. -76.51
1
S/. 0.00
2
S/. 0.00
3
S/. 0.00
4
S/. 0.00
5
S/. 1,000.00

a)Rendimiento al vencimiento de cada bon

TIR

0
1

TIR

TIR

TIR

TIR

PROBLEMA N 02
A)
ao 1
ao 2
ao 3
ao 4
ao 5
VN 2 AOS
VN 4 AOS
VN 5 AOS

5%
5.50%
5.75%
5.95%
6.05%
?
?
?

S/. 89.85
B)
S/. 79.36
C)
S/. 70.30

0
1
2
3
4
5

S/. -70.30
S/. 0.00
S/. 0.00
S/. 0.00
S/. 0.00
S/. 100.00

PROBLEMA N 03
VN
S/. 1,000.00
PLAZO
10 AOS
VM
S/. 1,034.74
TASA CUPON
8%
TASA CUPON B
9%

20

SEMESTRES

PERIODO
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

a)Rendimiento al vencimiento de cada bono

947%

231%

122%

87%

b)Grafica de curva de rendimiento cupon cero

AO
RENDIMIENTO
1000%
900%
800%
700%
600%
500%
400%
300%
200%
100%
0%

1
947%

RENDIMIENTO
231%
122%

947%

231%
87%
67%

122%
1

c)La curva de rendimiento es decreciente porque a mayor aos el riesgo es mayor

67%

7.30%

A)
7.66%
S/. -1,034.74
S/. 80.00
S/. 80.00
S/. 80.00
S/. 80.00
S/. 80.00
S/. 80.00
S/. 80.00
S/. 80.00
S/. 80.00
S/. 80.00
S/. 80.00
S/. 80.00
S/. 80.00
S/. 80.00
S/. 80.00
S/. 80.00
S/. 80.00
S/. 80.00
S/. 80.00
S/. 1,080.00

4
87%

DIMIENTO

5
67%

RENDIMIENTO

67%

ente porque a mayor aos el riesgo es mayor