ejemplo

valor a la par $ 1,000.00

9.13%
8%

Precio = $ 91.25 + $ 91.25 + $ 91.25 +

1.08 1.17 1.26

Precio = $ 84.49 + $ 78.23 + $ 72.44 +

Precio = $ 364.33 + $ 680.58 = $ 1,044.92

EJERCICIO 1

valor a la par $ 3,000.00

Tasa cupón 8.25%
cupón (interés) 247.50
6% 0.06
Precio = $ 247.50 + $ 247.50 + $ 247.50 +
1.06 1.12 1.19

Precio = $ 233.49 + $ 220.27 + $ 207.81 +

Precio = $ 1,042.56 + $ 2,241.77 = $ 3,284.33

EJERCICIO 2

valor a la par $ 1,500.00

Tasa cupón 12.00%
cupón (interés) 180.00
Tasa de interes 10% 0.1

Precio = $ 180.00 + $ 180.00 + $ 180.00 +

1.10 1.21 1.33

Precio = $ 163.64 + $ 148.76 + $ 135.24 +

 Precio = $ 1,106.02 + $ 578.31 = $ 1,684.34

EJERCICIO 3

a) 1000*0.12 120

120 + 120 + 120 +

1.1 1.21 1.331

109.09 99.17 90.16

1156.47

valor a la par $ 1,000.00

Tasa cupón 12.00%
cupón (interés) 120.00
Tasa de interes 12% 0.12

b) 120 + 120 + 120

1.120 1.2544 1.404928

107.14 + 95.66 + 85.41

836.88 + 163.12 =
 EJERCICIO 4

a) valor a la par $ 1,000.00

Tasa cupón 12.00%
cupón (interés) 120.00
Tasa de interes 14% 0.14

120 + 120 + 120 +

1.140 1.300 1.482

105.26 92.34 81.00

737.06 + 140.10 = 877.16

a) 120 + 120 + 120 +

1.140 1.300 1.482

105.26 92.34 81.00

679.24 + 207.56 = 886.79

a) 120 + 120 + 120 +

1.140 1.300 1.482

105.26 92.34 81.00

593.56 + 307.51 = 901.07

a)
120 + 120 + 120 +
1.140 1.300 1.482

105.26 92.34 81.00

466.64 + 455.59 = 922.23

a) 120 + 120 + 120 +

1.140 1.300 1.482

105.26 92.34 81.00

278.60 + 674.97 = 953.57

a) 120 + 1000.00
1.140 1.140

105.26 + 877.19 = 982.46

valor a la par $ 1,000.00

Tasa cupón 12.00%
cupón (interés) 120.00
Tasa de interes 10% 0.1

b) 120 + 120 + 120

1.1 1.21 1.331
 109.09 99.17 90.16

912.73 + 239.39 = 1152.12

valor a la par $ 1,000.00

Tasa cupón 12.00%
cupón (interés) 120.00
Tasa de interes 12% 0.12

c) 120 + 120 + 120

1.120 1.2544 1.404928

$ 107.14 + $ 95.66 + $ 85.41

817.30 + 182.6963 = 1000.00

EJERCICIO 5
$ 91.25 + $ 91.25 + $ 1,000.00
1.36 1.47 1.47

$ 67.07 + $ 62.10 + $ 680.58

$ 247.50 + $ 247.50 + $ 3,000.00

1.26 1.34 1.34

$ 196.04 + $ 184.95 + $ 2,241.77

$ 180.00 + $ 180.00 + $ 180.00 + $ 180.00 + $ 180.00 +

1.46 1.61 1.77 1.95 2.14

$ 122.94 + $ 111.77 + $ 101.61 + 92.37 + 83.97 +

 120 + 120 + 120 + 120 + 120 +
1.4641 1.61051 1.771561 1.948717 2.14358881

81.96 74.51 67.74 61.58 55.98

+ 120 + 120 + 120 + 120 + 120

1.573519 1.7623417 1.973823 2.210681 2.475963

+ 76.26 + 68.09 + 60.80 + 54.28 + 48.47

1000.00
120 + 120 + 120 + 120 + 120 +
1.689 1.925 2.195 2.502 2.853

71.05 62.32 54.67 47.96 42.07

120 + 120 + 120 + 120 + 120 +

1.689 1.925 2.195 2.502 2.853

71.05 62.32 54.67 47.96 42.07

120 + 120 + 120 + 120 + 120 +

1.689 1.925 2.195 2.502 2.853

71.05 62.32 54.67 47.96 42.07

 120 + 120 + 120 + 1000.00
1.689 1.925 2.195 2.19

71.05 62.32 54.67 455.59

1000.00
1.482

674.97

+ 120 + 120 + 120 + 120 + 120

1.4641 1.61051 1.771561 1.948717 2.143589
 81.96 74.51 67.74 61.58 55.98

+ 120 + 120 + 120 + 120 + 120

1.573519 1.7623417 1.973823 2.210681 2.475963

+ $ 76.26 + $ 68.09 + $ 60.80 + $ 54.28 + $ 48.47

$ 180.00 + $ 180.00 + $ 1,500.00
2.36 2.59 2.59

76.34 + 69.40 + 578.31

 120 + 120 + 120 + 120 + 120
2.357948 2.59374246 2.853116706 3.138428 3.45227121

50.89 46.27 42.06 38.24 34.76

+ 120 + 120 + 120 + 120 +

2.77308 3.105848 3.47855 3.895976

+ 43.27 + 38.64 + 34.50 + 30.80 +

120 + 120 + 120 + 120 + 120
3.252 3.707 4.226 4.818 5.492

36.90 32.37 28.39 24.91 21.85

120 + 120 + 120 + 120 +

3.252 3.707 4.226 4.818

36.90 32.37 28.39 24.91

120 + 1000.00
3.252 3.252

36.90 307.51
+ 120 + 120 + 120 + 120 +
2.35795 2.593742 2.8531167 3.1384284
 50.89 46.27 42.06 38.24

+ 120 + 120 + 120 + 120 +

2.77308 3.105848 3.47855 3.895976

+ $ 43.27 + $ 38.64 + $ 34.50 + $ 30.80 +

+
+ 120 + 120 + 120 1000
3.797498 4.177248 4.594972986 + 4.594973

31.60 28.73 26.12 217.63

120 + 120 + 120 + 120

4.363493 4.887112 5.473566 6.130394 +

27.50 + 24.55 + 21.92 + 19.57 +

 + 120 + 120 + $ 1,000.00
6.261 7.138 7.138

19.17 16.81 140.10

1000.00
4.818

207.56
 120 + 120 + 120 + 1000
3.452271 3.797498 4.1772482 4.1772482
 34.76 31.60 28.73 239.39

120 + 120 + 120 + 1000

4.363493 4.887112 5.473566 5.473566

$ 27.50 + $ 24.55 + $ 21.92 182.696261

 1000
6.1303937

163.12
ejemplo

$ 20.00 + $ 20.00 + $ 20.00 + $ 20.00

𝑃𝑟𝑒𝑐𝑖𝑜=
(1+0.05/2)^1 (1+0.05/2)^2 (1+0.05/2)^3 (1+0.05/2)^4

𝑃𝑟𝑒𝑐𝑖𝑜= $ 20.00 + $ 20.00 + $ 20.00 + $ 20.00

1.025 1.050625 1.0768906 1.1038129

𝑃𝑟𝑒𝑐𝑖𝑜= $ 19.51 + $ 19.04 + $ 18.57 + $ 18.12

𝑷𝒓𝒆𝒄𝒊𝒐= $ 960.15

EJERCICIO 6

1000 3% 30

𝑃𝑟𝑒𝑐𝑖𝑜=
(1 0.04/2)^1 (1+0.04/2)^2 (1+0.04/2)^3 (1+0.04/2)^4

𝑃𝑟𝑒𝑐𝑖𝑜=

𝑃𝑟𝑒𝑐𝑖𝑜=

𝑷𝒓𝒆𝒄𝒊𝒐=

EJERCICIO 7

1000 8% 80
rendim 12% 0.12
 𝑃𝑟𝑒𝑐𝑖𝑜=
(1+0.12/2)^1 (1+0.12/2)^2 (1+0.12/2)^3 (1+0.12/2)^4

𝑃𝑟𝑒𝑐𝑖𝑜=

𝑃𝑟𝑒𝑐𝑖𝑜=

𝑷𝒓𝒆𝒄𝒊𝒐=

EJERCICIO 8

valor a la p 1000

tasa cupon 10% 100

rendimiento 14% 0.14

𝑃𝑟𝑒𝑐𝑖𝑜=
(1+0.14/2)^1 (1+0.14/2)^2 (1+0.14/2)^3 (1+0.14/2)^4

𝑃𝑟𝑒𝑐𝑖𝑜=

𝑃𝑟𝑒𝑐𝑖𝑜=

𝑷𝒓𝒆𝒄𝒊𝒐=
 + $ 20.00 + $ 20.00 + $ 20.00 + $ 20.00 +
+0.05/2)^4 (1+0.05/2)^5 (1+0.05/2)^6 (1+0.05/2)^7 (1+0.05/2)^8 (1+0.05/2)^9

+ $ 20.00 + $ 20.00 + $ 20.00 + $ 20.00 +

1.1314082 1.1596934 1.1886858 1.2184029

+ $ 17.68 + $ 17.25 + $ 16.83 + $ 16.41 +

+0.04/2)^4 (1+0.04/2)^5 (1+0.04/2)^6 (1+0.04/2)^7 (1+0.04/2)^8 (1+0.04/2)^9

+0.12/2)^4 (1+0.12/2)^5 (1+0.12/2)^6 (1+0.12/2)^7 (1+0.12/2)^8 (1+0.12/2)^8

+0.14/2)^4 (1+0.14/2)^5 (1+0.14/2)^6 (1+0.14/2)^7 (1+0.14/2)^8 (1+0.14/2)^8

 $ 1,020.00
(1+0.05/2)^9

$ 1,020.00
1.24886297

$ 816.74

(1+0.04/2)^9
(1+0.12/2)^8 (1+0.12/2)^10 (1+0.12/2)^11 (1+0.12/2)^12

(1+0.14/2)^8 (1+0.14/2)^10 (1+0.14/2)^11 (1+0.14/2)^12

EJEMPLO

𝑃𝑟𝑒𝑐𝑖𝑜= $ 45.00 + $ 45.00 + $ 45.00 + $ 45.00 + $ 45.00 + $ 45.00

(1+0.08/2)^1 (1+0.05/2)^2 (1+0.05/2)^3(1+0.05/2)^4 (1+0.05/2)^5 (1+0.05/2)^6

𝑃𝑟𝑒𝑐𝑖𝑜= $ 45.00 + $ 45.00 + $ 45.00 + $ 45.00 + $ 45.00 + $ 45.00

1.04 1.0816 1.124864 1.1698586 1.2166529 1.265319

𝑃𝑟𝑒𝑐𝑖𝑜= $ 43.27 + $ 41.61 + $ 40.00 + $ 38.47 + $ 36.99 + $ 35.56

𝑃𝑟𝑒𝑐𝑖𝑜= $ 1,067.95

ACTIVIDAD 10
1000
100

𝑃𝑟𝑒𝑐𝑖𝑜=
(1+0.09/2)^1 (1+0.09/2)^2 (1+0.09/2)^3 (1+0.09/2)^4 (1+0.09/2)^5(1+0.09/2)^6

𝑃𝑟𝑒𝑐𝑖𝑜=

𝑃𝑟𝑒𝑐𝑖𝑜=

𝑃𝑟𝑒𝑐𝑖𝑜=
 + $ 45.00 + $ 45.00 + $ 45.00 + $ 45.00 + $ 45.00 + $ 45.00 + $ 45.00 +
(1+0.05/2)^6(1+0.05/2)^7
(1+0.05/2)^8(1+0.05/2)^9 (1+0.05/2)^10 (1+0.05/2)^11
(1+0.05/2)^12(1+0.05/2)^13(1+0.05/2)^

+ $ 45.00 + $ 45.00 + $ 45.00 + $ 45.00 $ 45.00 + $ 45.00 + $ 45.00 +

1.3159318 1.3685691 1.42331181 1.48024428 1.539454 1.6010322 1.6650735

+ $ 34.20 + $ 32.88 + $ 31.62 + 30.4003876 $ 29.23 + $ 28.11 + $ 27.03 +

(1+0.09/2)^6 (1+0.09/2)^7 (1+0.09/2)^8(1+0.09/2)^9 (1+0.09/2)^10 (1+0.09/2)^11

(1+0.09/2)^12(1+0.09/2)^13(1+0.09/2)^
 $ 45.00 + $ 45.00 + $ 45.00 + $ 45.00 + $ 45.00 + $ 45.00 + $ 1,045.00
(1+0.05/2)^16(1+0.05/2)^17(1+0.05/2)^18(1+0.05/2)^19 (1+0.05/2)^20
0.05/2)^13(1+0.05/2)^14(1+0.05/2)^15

$ 45.00 + $ 45.00 + $ 45.00 + $ 45.00 + $ 45.00 + $ 45.00 + $ 1,045.00

1.7316764 1.800944 1.8729812 1.9479005 2.0258165 2.10684918 2.19112314303

$ 25.99 + $ 24.99 + $ 24.03 + $ 23.10 + $ 22.21 + $ 21.36 + 476.92435878

(1+0.09/2)^16(1+0.09/2)^17(1+0.09/2)^18(1+0.09/2)^19 (1+0.09/2)^20
0.09/2)^13(1+0.09/2)^14(1+0.09/2)^15