composicion semesral

1) Un bono Corporativo con valor nominal de $1000,000. a 12% y a 10 años valuado para generar un rendimiento de 7%
2) Un bono Corporativo con valor nominal de $2,357,320 a 8.2% y a 8 años semestrales valuado para generar un rendimiento d
3) Un bono Corporativo con un valor de $3,000,000. a 10.5% pagos semestrales y a 12 años valuado para generar un rendimien
4) Un bono del estado con valor nominal $1,750,000 a 10% y a 14 años valuado para generar un rendimiento de 11.5%
5) Un bono del estado con valor nominal de $5,000,000 a 10% pagos semestrales y a 12 años valuado para generar un rendimie
6) Un bono $12,000,000 a 9%% y a 14 años valuado para generar un rendimiento de %9.5%
1
datos
valor nominal $ 1,000,000
tasa cupon nominal 12% 6%
tasa RAV nominal 7% 3.5%
periodos 10 anos 20

periodos cupon 5% valor cupon vp cupos peso

1 $ 60,000 $ 1,500.0 $ 58,500.0 $56,521.74 $0.043
2 $ 60,000 $ 1,500.0 $ 58,500.0 $54,610.38 $0.041
3 $ 60,000 $ 1,500.0 $ 58,500.0 $52,763.65 $0.040
4 $ 60,000 $ 1,500.0 $ 58,500.0 $50,979.37 $0.039
5 $ 60,000 $ 1,500.0 $ 58,500.0 $49,255.43 $0.037
6 $ 60,000 $ 1,500.0 $ 58,500.0 $47,589.79 $0.036
7 $ 60,000 $ 1,500.0 $ 58,500.0 $45,980.47 $0.035
8 $ 60,000 $ 1,500.0 $ 58,500.0 $44,425.58 $0.034
9 $ 60,000 $ 1,500.0 $ 58,500.0 $42,923.26 $0.032
10 $ 60,000 $ 1,500.0 $ 58,500.0 $41,471.75 $0.031
11 $ 60,000 $ 1,500.0 $ 58,500.0 $40,069.32 $0.030
12 $ 60,000 $ 1,500.0 $ 58,500.0 $38,714.32 $0.029
13 $ 60,000 $ 1,500.0 $ 58,500.0 $37,405.14 $0.028
14 $ 60,000 $ 1,500.0 $ 58,500.0 $36,140.23 $0.027
15 $ 60,000 $ 1,500.0 $ 58,500.0 $34,918.10 $0.026
16 $ 60,000 $ 1,500.0 $ 58,500.0 $33,737.30 $0.026
17 $ 60,000 $ 1,500.0 $ 58,500.0 $32,596.42 $0.025
18 $ 60,000 $ 1,500.0 $ 58,500.0 $31,494.13 $0.024
19 $ 60,000 $ 1,500.0 $ 58,500.0 $30,429.11 $0.023
20 $ 1,060,000 $ 26,500.0 $ 1,033,500.0 $519,401.84 $0.393
$1,321,427.33

2
datos
valor nominal $ 2,357,320
tasa cupon nominal 8% 4.1%
tasa RAV nominal 9% 4.5%
periodos 8 anos 16

periodos cupon 5% cupon vp cupon peso

1 $ 96,650.12 $ 2,416.25 $ 94,233.87 $90,175.95 0.041080443
 2 $ 96,650.12 $ 2,416.25 $ 94,233.87 $86,292.77 0.039311429
3 $ 96,650.12 $ 2,416.25 $ 94,233.87 $82,576.82 0.037618592
4 $ 96,650.12 $ 2,416.25 $ 94,233.87 $79,020.88 0.035998653
5 $ 96,650.12 $ 2,416.25 $ 94,233.87 $75,618.07 0.034448471
6 $ 96,650.12 $ 2,416.25 $ 94,233.87 $72,361.78 0.032965044
7 $ 96,650.12 $ 2,416.25 $ 94,233.87 $69,245.73 0.031545497
8 $ 96,650.12 $ 2,416.25 $ 94,233.87 $66,263.85 0.030187079
9 $ 96,650.12 $ 2,416.25 $ 94,233.87 $63,410.39 0.028887157
10 $ 96,650.12 $ 2,416.25 $ 94,233.87 $60,679.80 0.027643212
11 $ 96,650.12 $ 2,416.25 $ 94,233.87 $58,066.79 0.026452834
12 $ 96,650.12 $ 2,416.25 $ 94,233.87 $55,566.31 0.025313717
13 $ 96,650.12 $ 2,416.25 $ 94,233.87 $53,173.50 0.024223653
14 $ 96,650.12 $ 2,416.25 $ 94,233.87 $50,883.73 0.023180529
15 $ 96,650.12 $ 2,416.25 $ 94,233.87 $48,692.57 0.022182324
16 $ 2,453,970.12 $ 61,349.25 $ 2,392,620.87 $1,183,077.62 0.538961365
$2,195,106.54

3
datos
valor nominal $ 3,000,000
tasa cupon nominal 10.5% 5.25%
tasa RAV nominal 11% 5.50% 0.055
periodos 12 anos 24

periodos cupon 5% cupon vp cupos peso

1 $ 157,500.00 $ 3,937.50 $ 153,562.50 $145,556.87 0.051454829
2 $ 157,500.00 $ 3,937.50 $ 153,562.50 $137,968.60 0.04877235
3 $ 157,500.00 $ 3,937.50 $ 153,562.50 $130,775.92 0.046229716
4 $ 157,500.00 $ 3,937.50 $ 153,562.50 $123,958.22 0.043819636
5 $ 157,500.00 $ 3,937.50 $ 153,562.50 $117,495.94 0.0415352
6 $ 157,500.00 $ 3,937.50 $ 153,562.50 $111,370.56 0.039369858
7 $ 157,500.00 $ 3,937.50 $ 153,562.50 $105,564.51 0.0373174
8 $ 157,500.00 $ 3,937.50 $ 153,562.50 $100,061.15 0.035371944
9 $ 157,500.00 $ 3,937.50 $ 153,562.50 $94,844.69 0.033527909
10 $ 157,500.00 $ 3,937.50 $ 153,562.50 $89,900.18 0.031780008
11 $ 157,500.00 $ 3,937.50 $ 153,562.50 $85,213.44 0.03012323
12 $ 157,500.00 $ 3,937.50 $ 153,562.50 $80,771.04 0.028552825
13 $ 157,500.00 $ 3,937.50 $ 153,562.50 $76,560.22 0.027064289
14 $ 157,500.00 $ 3,937.50 $ 153,562.50 $72,568.93 0.025653355
15 $ 157,500.00 $ 3,937.50 $ 153,562.50 $68,785.72 0.024315976
16 $ 157,500.00 $ 3,937.50 $ 153,562.50 $65,199.73 0.023048318
17 $ 157,500.00 $ 3,937.50 $ 153,562.50 $61,800.70 0.021846747
18 $ 157,500.00 $ 3,937.50 $ 153,562.50 $58,578.86 0.020707817
19 $ 157,500.00 $ 3,937.50 $ 153,562.50 $55,524.98 0.019628263
 20 $ 157,500.00 $ 3,937.50 $ 153,562.50 $52,630.32 0.018604989
21 $ 157,500.00 $ 3,937.50 $ 153,562.50 $49,886.56 0.01763506
22 $ 157,500.00 $ 3,937.50 $ 153,562.50 $47,285.83 0.016715697
23 $ 157,500.00 $ 3,937.50 $ 153,562.50 $44,820.70 0.015844263
24 $ 3,157,500.00 $ 78,937.50 $ 3,078,562.50 $851,704.50 0.301080321
$2,828,828.20

4
datos
valor nominal $ 1,750,000
tasa cupon nominal 10% 5%
tasa RAV nominal 11% 5.5%
periodos 14 anos 28

periodos cupon vp cupos peso duracion

1 $ 87,500.0 $82,938.39 0.05099 0.05099
2 $ 87,500.0 $78,614.59 0.04834 0.09667
3 $ 87,500.0 $74,516.20 0.04582 0.13745
4 $ 87,500.0 $70,631.47 0.04343 0.17371
5 $ 87,500.0 $66,949.26 0.04116 0.20582
6 $ 87,500.0 $63,459.01 0.03902 0.23410
7 $ 87,500.0 $60,150.72 0.03698 0.25888
8 $ 87,500.0 $57,014.90 0.03506 0.28044
9 $ 87,500.0 $54,042.56 0.03323 0.29905
10 $ 87,500.0 $51,225.18 0.03150 0.31495
11 $ 87,500.0 $48,554.67 0.02985 0.32839
12 $ 87,500.0 $46,023.38 0.02830 0.33956
13 $ 87,500.0 $43,624.06 0.02682 0.34868
14 $ 87,500.0 $41,349.82 0.02542 0.35593
15 $ 87,500.0 $39,194.14 0.02410 0.36147
16 $ 87,500.0 $37,150.85 0.02284 0.36547
17 $ 87,500.0 $35,214.07 0.02165 0.36807
18 $ 87,500.0 $33,378.27 0.02052 0.36940
19 $ 87,500.0 $31,638.17 0.01945 0.36960
20 $ 87,500.0 $29,988.78 0.01844 0.36877
21 $ 87,500.0 $28,425.39 0.01748 0.36702
22 $ 87,500.0 $26,943.50 0.01657 0.36445
23 $ 87,500.0 $25,538.86 0.01570 0.36115
24 $ 87,500.0 $24,207.45 0.01488 0.35721
25 $ 87,500.0 $22,945.45 0.01411 0.35269
26 $ 87,500.0 $21,749.24 0.01337 0.34768
27 $ 87,500.0 $20,615.39 0.01268 0.34223
28 $ 1,837,500.0 $410,353.82 0.25230 7.06446
$1,626,437.56 15.18430
14.3927
5
datos
valor nominal $ 5,000,000
tasa cupon nominal 10% 5.00%
tasa RAV nominal 11.5% 5.75%
periodos 12 anos 24

periodos cupon vp cupos peso duracion

1 $ 250,000.00 $236,406.62 0.05232213502 0.052322135023
2 $ 250,000.00 $223,552.36 0.04947719624 0.098954392479
3 $ 250,000.00 $211,397.03 0.0467869468 0.140360840396
4 $ 250,000.00 $199,902.63 0.0442429757 0.176971902784
5 $ 250,000.00 $189,033.22 0.04183732926 0.209186646317
6 $ 250,000.00 $178,754.82 0.0395624863 0.237374917807
7 $ 250,000.00 $169,035.29 0.03741133456 0.261879341946
8 $ 250,000.00 $159,844.24 0.03537714852 0.283017188189
9 $ 250,000.00 $151,152.95 0.03345356834 0.301082115095
10 $ 250,000.00 $142,934.23 0.03163457999 0.316345799942
11 $ 250,000.00 $135,162.39 0.02991449645 0.329059460932
12 $ 250,000.00 $127,813.14 0.0282879399 0.339455278847
13 $ 250,000.00 $120,863.49 0.02674982497 0.347747724587
14 $ 250,000.00 $114,291.71 0.02529534276 0.354134798634
15 $ 250,000.00 $108,077.27 0.02391994587 0.358799188079
16 $ 250,000.00 $102,200.73 0.02261933416 0.361909346526
17 $ 250,000.00 $96,643.71 0.02138944128 0.363620501829
18 $ 250,000.00 $91,388.86 0.02022642202 0.364075596324
19 $ 250,000.00 $86,419.72 0.01912664021 0.363406163917
20 $ 250,000.00 $81,720.78 0.01808665741 0.361733148107
21 $ 250,000.00 $77,277.33 0.01710322213 0.359167664787
22 $ 250,000.00 $73,075.49 0.0161732597 0.355811713399
23 $ 250,000.00 $69,102.12 0.0152938626 0.35175883981
24 $ 5,250,000.00 $1,372,240.64 0.3037079098 7.2889898351
$4,518,290.76 13.9771645409
13.21717687079

6
datos
valor nominal $ 12,000,000
tasa cupon nominal 9% 4.5%
tasa RAV nominal 10% 4.8%
periodos 14 anos 28

periodos cupon vp cupos peso duracion

1 $ 540,000.0 $515,513.13 0.04466931879 0.044669318793
2 $ 540,000.0 $492,136.64 0.04264374109 0.085287482183
3 $ 540,000.0 $469,820.18 0.04071001536 0.122130046086
4 $ 540,000.0 $448,515.68 0.03886397648 0.155455905916
5 $ 540,000.0 $428,177.26 0.03710164819 0.18550824095
 6 $ 540,000.0 $408,761.11 0.03541923455 0.212515407294
7 $ 540,000.0 $390,225.40 0.03381311174 0.236691782189
8 $ 540,000.0 $372,530.22 0.03227982028 0.258238562225
9 $ 540,000.0 $355,637.44 0.03081605754 0.277344517902
10 $ 540,000.0 $339,510.68 0.02941867069 0.294186706871
11 $ 540,000.0 $324,115.21 0.02808464982 0.308931148026
12 $ 540,000.0 $309,417.86 0.02681112155 0.321733458565
13 $ 540,000.0 $295,386.98 0.02559534277 0.332739455954
14 $ 540,000.0 $281,992.34 0.02443469476 0.342085726702
15 $ 540,000.0 $269,205.10 0.02332667758 0.349900163691
16 $ 540,000.0 $256,997.71 0.02226890461 0.356302473766
17 $ 540,000.0 $245,343.88 0.02125909748 0.361404657162
18 $ 540,000.0 $234,218.50 0.02029508113 0.365311460278
19 $ 540,000.0 $223,597.61 0.01937477912 0.368120803251
20 $ 540,000.0 $213,458.34 0.01849620918 0.369924183646
21 $ 540,000.0 $203,778.84 0.01765747893 0.370807057593
22 $ 540,000.0 $194,538.28 0.0168567818 0.370849199547
23 $ 540,000.0 $185,716.73 0.01609239312 0.370125041856
24 $ 540,000.0 $177,295.21 0.01536266647 0.368703995208
25 $ 540,000.0 $169,255.57 0.01466603004 0.366650751003
26 $ 540,000.0 $161,580.50 0.01400098333 0.364025566628
27 $ 540,000.0 $154,253.46 0.01336609387 0.360884534568
28 $ 12,540,000.0 $3,419,673.56 0.29631541972 8.296831752225
$11,540,653.42 16.21735940008
15.47457958023
erar un rendimiento de 7%
do para generar un rendimiento de 9%
luado para generar un rendimiento de 11%
n rendimiento de 11.5%
aluado para generar un rendimiento de 11;5%

por encima
duracion
0.04
0.08
0.12
0.15
0.19
0.22
0.24
0.27
0.29
0.31
0.33
0.35
0.37
0.38
0.40
0.41
0.42
0.43
0.44
7.86
13.31
12.86 ajustado

duracion por debajo

0.04108044
0.07862286
0.11285578
0.14399461
0.17224236
0.19779027
0.22081848
0.24149663
0.25998441
0.27643212
0.29098118
0.30376461
0.31490749
0.32452741
0.33273487
8.62338185
11.9356153
11.4216415

duracion
0.05145483
0.0975447
0.13868915 por debajo
0.17527854
0.207676
0.23621915
0.2612218
0.28297555
0.30175118
0.31780008
0.33135554
0.3426339
0.35183576
0.35914697
0.36473964
0.3687731
0.37139471
0.37274071
0.372937
0.37209977
0.37033627
0.36774533
0.36441804
7.22592771
14.0066954
13.2764885

por debajo
por debajo

por debajo