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  • Correction Exercice Seance 1

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    Douanguim Litisia
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    This document contains two examples of bond valuation calculations. The first bond has a coupon rate of 3.5% paid semiannually and matures on 1/22/2024. The second bond has a coupon rate of 2.75% paid annually and matures on 10/25/2027, with the final coupon payment being 102.75% of par value. For each bond, the document shows the cash flows, discount rates, and present values of the cash flows to calculate metrics like yield to maturity, clean price, and dirty price.

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    This document contains two examples of bond valuation calculations. The first bond has a coupon rate of 3.5% paid semiannually and matures on 1/22/2024. The second bond has a coupon rate of 2.75% paid annually and matures on 10/25/2027, with the final coupon payment being 102.75% of par value. For each bond, the document shows the cash flows, discount rates, and present values of the cash flows to calculate metrics like yield to maturity, clean price, and dirty price.

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    © All Rights Reserved
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    9 views4 pages

    Correction Exercice Seance 1

    Uploaded by

    Douanguim Litisia
    This document contains two examples of bond valuation calculations. The first bond has a coupon rate of 3.5% paid semiannually and matures on 1/22/2024. The second bond has a coupon rate of 2.75% paid annually and matures on 10/25/2027, with the final coupon payment being 102.75% of par value. For each bond, the document shows the cash flows, discount rates, and present values of the cash flows to calculate metrics like yield to maturity, clean price, and dirty price.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 4

    TRI 3.

    15%

    1 2 3 4 9/24/2024
    6.5 6.5 6.5 106.5 1/22/2024
    6.30138433 6.10883761 5.9221744 94.0675983
    3/19/2024
    112.400
    Cible 112.4 57
    Différence 0.000
    246

    23.17%
    0.57927
    99.697
    Exercice 1
    TRI 2.73% Coupon 3.50%
    Date jour 1/15/2024

    Date 11/25/2023 11/25/2024 11/25/2025 11/25/2026 11/25/2027


    T -0.1397260274 0.8630137 1.8630137 2.8630137 3.8630137
    Flux 3.50% 3.50% 3.50% 3.50% 3.50%
    Taux d'actualisation 0.97702366 0.95105973 0.92578578 0.90118347
    PV Flux 3.42% 3.33% 3.24% 3.15%

    Coupon couru 0.489%


    Clean price 107.04%
    Dirty Price 107.53%

    Montant payé 10,753,000.70

    Exercice 2 Coupon 2.75%

    Date 10/25/2023 10/25/2024 10/25/2025 10/25/2026 10/25/2027


    T -0.22465753425 0.77808219 1.77808219 2.77808219 3.77808219
    Flux 2.75% 2.75% 2.75% 2.75% 102.75%
    Taux d'actualisation 0.98028615 0.95551933 0.93137824 0.90784707
    PV Flux 2.70% 2.63% 2.56% 93.28%

    TRI 2.59%

    Prix cible 101.16%


    Prix calculé 101.17%
    Différence 0.01%
    11/25/2028 11/25/2029 11/25/2030 11/25/2031 11/25/2032 11/25/2033
    4.86575342 5.86575342 6.86575342 7.86575342 8.86849315 9.86849315
    3.50% 3.50% 3.50% 3.50% 3.50% 103.50%
    0.87717022 0.85385985 0.83116894 0.80908102 0.78752197 0.76659396
    3.07% 2.99% 2.91% 2.83% 2.76% 79.34%

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