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Capitulo 7

The document contains financial information and calculations related to discounted cash flow valuation. Specifically: 1) It presents scenarios analyzing whether a company should wait one year and test a product, comparing the net present value of doing so versus not doing so. 2) It calculates the break-even point and presents financial information for an investment with a 5 year useful life. 3) It shows calculations of yield to maturity for a 15 year bond with a coupon rate of 7% and semiannual payments.

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35 views

Capitulo 7

The document contains financial information and calculations related to discounted cash flow valuation. Specifically: 1) It presents scenarios analyzing whether a company should wait one year and test a product, comparing the net present value of doing so versus not doing so. 2) It calculates the break-even point and presents financial information for an investment with a 5 year useful life. 3) It shows calculations of yield to maturity for a 15 year bond with a coupon rate of 7% and semiannual payments.

Uploaded by

thalibrit
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Capitulo 7

PV $ 24,000,000
DVDR fails $ 8,500,000
Chance 50%
Test $ 1,200,000
Chance 80%

rate discount 1.10

Scenario 1, without test

16,250,000

Scenario 2, testing

17,909,091

16,280,992 Presen value

Analysis
30,992
As the result is positive, the company should wait 1 year and test the DVDR
Capitulo 7

Inversión 530,000 Break even =


Vida útil 5
Depreciación 106,000
Precio 75.00
C.Var 27.00
C.Fijo 235,000
CIT 21%
Tasa de descuento 8%
7,809.39
Capitulo 8

Valor facil del bono : 1000


Tasa cupón 7% Precio del bono a :
Años 15
Pagos (semestrales) 30
YTM
Cupón Principal Pago YTM sem
0 - - YTM
1 35.00 35.00 YTM sem
2 35.00 35.00 YTM
3 35.00 35.00 YTM sem
4 35.00 35.00
5 35.00 35.00
6 35.00 35.00
7 35.00 35.00
8 35.00 35.00
9 35.00 35.00
10 35.00 35.00
11 35.00 35.00
12 35.00 35.00
13 35.00 35.00
14 35.00 35.00
15 35.00 35.00
16 35.00 35.00
17 35.00 35.00
18 35.00 35.00
19 35.00 35.00
20 35.00 35.00
21 35.00 35.00
22 35.00 35.00
23 35.00 35.00
24 35.00 35.00
25 35.00 35.00
26 35.00 35.00
27 35.00 35.00
28 35.00 35.00
29 35.00 35.00
30 35.00 1,000.00 1,035.00
ecio del bono a :

7.00% : $977.34
3.44%
9% : $815.31
4.40%
5% : $1,187.25
2.47%
Capitulo 8

Valor facial del bono: ¥ 100,000.00


Precio del bono: ¥ 106,000.00
Tasa cupón: 2.80%

Cupón Principal Pago


0 ¥ 2,800.00 ¥ -106,000.00
1 ¥ 2,800.00 ¥ 2,800.00
2 ¥ 2,800.00 ¥ 2,800.00
3 ¥ 2,800.00 ¥ 2,800.00
4 ¥ 2,800.00 ¥ 2,800.00
5 ¥ 2,800.00 ¥ 2,800.00
6 ¥ 2,800.00 ¥ 2,800.00
7 ¥ 2,800.00 ¥ 2,800.00
8 ¥ 2,800.00 ¥ 2,800.00
9 ¥ 2,800.00 ¥ 2,800.00
10 ¥ 2,800.00 ¥ 2,800.00
11 ¥ 2,800.00 ¥ 2,800.00
12 ¥ 2,800.00 ¥ 2,800.00
13 ¥ 2,800.00 ¥ 2,800.00
14 ¥ 2,800.00 ¥ 2,800.00
15 ¥ 2,800.00 ¥ 2,800.00
16 ¥ 2,800.00 ¥ 2,800.00
17 ¥ 2,800.00 ¥ 100,000.00 ¥ 102,800.00

Yield = 2.37%
Capitulo 8

Valor facial: 10000


Yield : 4.50%
Yield 6meses : 2.23%
Periods 26

Bond price : $ 5,642.72


Capitulo 8

Fisher
(1 + R) = (1 + r) * (1 + h)

Tasa real: 4.15%


Inflación 2.70%
Tasa nominal Aprox 1.45%

Tasa nominal exacta 1.41%


Capitulo 8

Fisher
(1 + R) = (1 + r) * (1 + h)

R= 12.08%
h= 4.60%

r= 7.15%
Capitulo 9

Valor de acción : $ 53.10


Dividendo : $ 2.95
g : 4.80%
r : ?

Valor de la acción = Dividendo


(r - g)

r = Dividendo + (Valor de acción * g)


Valor de acción

r = 10.36%
Capitulo 9

Valor de acción : 53.1


Dividendo : 2.95
g : 4.80%

Rend. De Dividendo = Dividendo = 5.56%


Valor de acción

Tasa de
Rend. De las ganancias
= crecimiento = g = 4.80%
de capital
del dividendo

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