Chuong 7: Dinh gid chitng khodn_* 203 | Bai tap 7-2: Trai phieu cud quy HTPT phat hanh ngay 26/02/03 co lai suat 1 14 9,20%, déo han sau 10 nam. Ménh gid 25 trigu déng, thanh ton 1/2 nam - mot lan. Néu suat sinh loi cia thi trong von dai han la 10% thi gia trai phiéu ‘sé [8 bao nhiéu? Néu lai thanh todn mot lan trong nam, gia wai phiéu sé la bao nhiéu? i Au tu mua mét trai phiéu cia céng ty S voi gid e6 thoi han 1a 15 nam, lai suat 10% nam, thanh aii gid-niém yét la 10 trigu déng. Hoi, lai suat déo han cia trai phiéu 1a bao nhiéu? Bat tip 7-4; Cong ty co phan Nam Kinh: D6 thanh toan cé tic cd phiéu thutong nam hign tai Do= 1000 ddng/CP/nam. Mic tang truéng cé tite ky vong cia cong ty 147% nam-va'coi nhu khong adi. Gid cé phiéu sé 1a bao nhiéu néu suat sinh Igi-cia c6phieu thudng Ks= 11%? | Bai tap 7-5: Quy HTPT phat hanh trai p! iéu moi vao ngay.12/09/02. Trai phiéu co ménh gid 14/100 ngan dng, lai suat 1a 10%, dao han 15 nam, vao ngay 12/09/2017. Lai thanh toan nia nam mét lan. ; i OF). Tinh Tai suat in ciia trai phiéu vao ngay phat hanh trai phiéu, gia | sir Hing gid ban trai phiéu bang ménh gid? : ' ‘| 2) Tinh gid trai phiéu sau 5'nam phat hanh, cho rang Jai suat thi trudng | vén dai han 1a 8%?. | ‘Bai tap 7-6: Gid cd -phiéu'cta cong ty Co Dién Lanh (REE) hién tai la anh toan nam nay Do= i déng/CP. Cé tite th 800 déng/CP/nam. REE co tinh hinh tai chinh vimg manh do 46 rui ro thap. Suat sinh loi ca von chit so “hiu Ks = 12%, Néu c6 tire durge ky vong tang bang hing s6 g trong tuong lai va Ks gid nguyén khéng doi, hay tinh gid cd phiéu cua REE sau 5 nam (Ps)? Scanned with CamScanner204 & Quan tri tai chinh can ban. Bai 7-7: Cong ty Sita Sai Gon dang trong théi ky tang truéng nhanh. Thu nhap va cé ture cud cong ty duge ky vong tang 15% trong 2 nam dau, 13% vao nam thir 3 va 6% va khong déi cho céc nam sau dé, Cong ty Sita Sai Gon a thanh toan cé tire nam hién tai Do = 1200 déng/CP/nam. Suat sinh loisctia von chi sé hou 1a 12%. j 1) Tinh gid co phiéu Po? 4b 2) Tinh gia 6 phiéu cla céng ty sau | nam (P1) va sau 2 n&m (P2)? i 3) Tinh ty suat cé tite (D/P), mire thing dur von va suat sinh loi cia c phiéu thong (Ks) vao nim t= 0, t= 1 va t=2. if I Bai 7-8: Vao ngay 18/09/02 Quy HTPT phat hanh trai phiéu dao han 10 nam, ménh gid 3 trigu déng, lai suat 9,10%, thanh todn lai mét lan/nam. Cho rang tai thoi diém phat hanh 1ai sudt thi trong bang voi lai suat huy d6ng- 1) Gia sir rang sau khi phat hanh duge hai nam, |ai sudt thj trong von dai han la 6,5%. Tinh gia trai phiéu sau hai nam phat hanh (t=2)? - 2) Gia str ring sau hai nam phat hanh, lai suat thi truéng von dai hanila 10%. Tinh gid trai phiéu vao nim thir 2 la bao nhiéu (t=2)? t 3) Gia sir ring lai sudt thi trudng vén dai-han sau.2.nam phat. hanh a: 10% va gitt nguyén khong déi cho tdi ngay dao han (8nam). Hay High gia trai phiéu cua céng ty vao thi diém.hién tai (t=0)? Bai tap 7-9: Suat sinh Igi phi rdi ro Ker=11%, suat sinh loi ky vong cita thi trudng chimg khoan Ky = 14%, hé sé beta ri ro cla cong ty A 1a 1,5. a 1) Néu 6 ture D,=800 déng/CP/nam va g=5% (khong déi). Céng ty Ae ban cé phiéu voi gid la bao nhiéu? 2) Gia sir rang Krr=9%, Km=12%. Gid 6 phiéu cia cng ty A sé thay Gi nhu thé nao? 3) Lay lai dit kién 6 cau (b) nhung Ky=11%. Céng ty A sé ban cd phigu vGi gid la bao nhiéu? 4) Gia str rang céng ty A thay 46 phuong thtrc quan ly cha minh dan dén » mirc tang trudng hang nam cia céng ty tang lén 6% (khéng déi). He sé mui ro cla chimg khodn cua céng ty A giam tir 1,5 xudng con 1)3. Voi tat cd nhimg su thay déi nay, gid cé phiéu cia COng ty A sé la bao nhiéu? f | i Scanned with CamScanner