Plazo

Cupon Cupon Maturity

(asumido)
Rate Rate
Bond Years aos Valor facial
(anual) (semestral)
X 8% 4.00% 9 5 100
Y 10% 5.00% 11 5 100
Z 11% 5.50% 12 5 100

Bono X Bono Y
Ceteris Paribus a mayor tasa cupn, mayor duracicin Ceteris Paribus a mayor tasa
t (semestres) C C/(1+i)^n txC/(1+i)^t t (semestres)
1 4.00 3.83 3.83 1
2 4.00 3.66 7.33 2
3 4.00 3.51 10.52 3
4 4.00 3.35 13.42 4
5 4.00 3.21 16.05 5
6 4.00 3.07 18.43 6
7 4.00 2.94 20.58 7
8 4.00 2.81 22.50 8
9 4.00 2.69 24.22 9
10 104.00 66.97 669.68 10
11 96.04 806.55 11
8.40
4.20
Bono X 9 aos Bono Y
Ceteris Paribus a mayor vencimiento, mayor duracicin Ceteris Paribus a mayor ven
t (semestres) C C/(1+i)^n txC/(1+i)^t t (semestres)
1 4.00 3.83 3.83 1
2 4.00 3.66 7.33 2
3 4.00 3.51 10.52 3
4 4.00 3.35 13.42 4
5 4.00 3.21 16.05 5
6 4.00 3.07 18.43 6
7 4.00 2.94 20.58 7
8 4.00 2.81 22.50 8
9 4.00 2.69 24.22 9
10 4.00 2.58 25.76 10
11 4.00 2.46 27.11 11
12 4.00 2.36 28.30 12
13 4.00 2.26 29.34 13
14 4.00 2.16 30.24 14
15 4.00 2.07 31.00 15
16 4.00 1.98 31.65 16
17 4.00 1.89 32.18 17
18 104.00 47.09 847.64 18
19 93.92 1,220.09 19
12.99 20
6.50 21
22
 YTM YTM
(anual) (semestral)
9% 4.50%
9% 4.50%
9% 4.50%

Bono Z
teris Paribus a mayor tasa cupn, mayor duracicin Ceteris Paribus a mayor tasa cupn, mayor d
C C/(1+i)^n txC/(1+i)^t t (semestres) C C/(1+i)^n
5.00 4.78 4.78 1 5.50 5.26
5.00 4.58 9.16 2 5.50 5.04
5.00 4.38 13.14 3 5.50 4.82
5.00 4.19 16.77 4 5.50 4.61
5.00 4.01 20.06 5 5.50 4.41
5.00 3.84 23.04 6 5.50 4.22
5.00 3.67 25.72 7 5.50 4.04
5.00 3.52 28.13 8 5.50 3.87
5.00 3.36 30.28 9 5.50 3.70
105.00 67.61 676.12 10 105.50 67.93
103.96 847.21 11 107.91
8.15
4.07
11 aos Bono Z 12 aos
teris Paribus a mayor vencimiento, mayor duracicin Ceteris Paribus a mayor vencimiento, mayor
C C/(1+i)^n txC/(1+i)^t t (semestres) C C/(1+i)^n
4.00 3.83 3.83 1 4.00 3.83
4.00 3.66 7.33 2 4.00 3.66
4.00 3.51 10.52 3 4.00 3.51
4.00 3.35 13.42 4 4.00 3.35
4.00 3.21 16.05 5 4.00 3.21
4.00 3.07 18.43 6 4.00 3.07
4.00 2.94 20.58 7 4.00 2.94
4.00 2.81 22.50 8 4.00 2.81
4.00 2.69 24.22 9 4.00 2.69
4.00 2.58 25.76 10 4.00 2.58
4.00 2.46 27.11 11 4.00 2.46
4.00 2.36 28.30 12 4.00 2.36
4.00 2.26 29.34 13 4.00 2.26
4.00 2.16 30.24 14 4.00 2.16
4.00 2.07 31.00 15 4.00 2.07
4.00 1.98 31.65 16 4.00 1.98
4.00 1.89 32.18 17 4.00 1.89
4.00 1.81 32.60 18 4.00 1.81
4.00 1.73 32.93 19 4.00 1.73
4.00 1.66 33.17 20 4.00 1.66
 4.00 1.59 33.33 21 4.00 1.59
104.00 39.49 868.76 22 4.00 1.52
93.11 1,373.24 23 4.00 1.45
14.75 24 104.00 36.16
7.37 92.75
tasa cupn, mayor duracicin
txC/(1+i)^t
5.26
10.07
14.46
18.45
22.07
25.34
28.29
30.94
33.31
679.34
867.53
8.04
4.02

vencimiento, mayor duracicin

txC/(1+i)^t
3.83
7.33
10.52
13.42
16.05
18.43
20.58
22.50
24.22
25.76
27.11
28.30
29.34
30.24
31.00
31.65
32.18
32.60
32.93
33.17
 33.33
33.41
33.43
867.87
1,439.19
15.52
7.76