Bond Valuation

Face Value
Annual coupon rate
Annual required return
Years to maturity
Payment Frequency
Value of bond

Fraction of period elapse

Bond value between payment dates
Accurate interest
Clean price

Rp5,000,000.00
9.40%
7.24%
4
12

Rp5,000,000.00
9.40%
6.50%
4
12

Rp5,374,099.82
Rp5,374,099.82
memegang bond samapai maturity

28
Rp6,359,926.65
Rp1,096,666.67
Rp5,263,259.98

28
Rp6,251,668.98
Rp1,096,666.67
Rp5,155,002.32

yg dterima oleh qta sampai 2

bunga yg dterima mulai emi

yg dterima oleh qta sampai 2010 tp masih kotor,tdk termasuk bunga

bunga yg dterima mulai emisi samapai qta beli

Bond Valuation for ORI003

Face Value
Annual coupon rate
Annual required return
Years to maturity
Payment Frequency

Rp5,000,000.00
9.40%
6.50%
1.67
12

5,000,000.00
9.40%
7.24%
1.67
12

Value of bond

Rp5,228,883.89

$5,169,402.71

PV of coupon
PV of face value
PV

Rp741,899.52
Rp4,486,984.37
Rp5,228,883.89

$737,215.49
$4,432,187.22
$5,169,402.71

price
principal
payment
interest
period

($44.16)
110 dijual
100 harga nominal
6
6%
10

PV(6,10,6%)
PVA bunga
PV Principal
yield

$3.35 untuk titik semester ke 10

$44.16
$55.84
$100.00 berarti harga obligasi kemahalan

seharusnya, untuk harga 110, harusnya bunganya?

pasar 110
110
100
6
4.72% IRR
10
0
1
2
3
-110
6
6
6
bukti irr=0
$110.00
($5.73)
($5.47)
($5.22)
4.72%
kalau pasar mau bayyar 110 maka yieldnya 4,72%, tetapi jika bayar 100 maka

4
6
($4.99)

5
6
($4.76)

6
6
($4.55)

4,72%, tetapi jika bayar 100 maka yieldnya 6%

7
6
($4.34)

8
6
($4.15)

9
6
($3.96)

10
106
($66.82)

$0.00