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BONO 1
6.70%
10
67.00
1,000.00
1,051.52
951.00
1,790.85
1,752.43
1,831.35
BONO 1
1
Ao
Flujo de efectivo
Factor de
descuento al 6%
0
1
67.00
0.9434
63.21
63.21
67.00
0.8900
59.63
119.26
67.00
0.8396
56.25
168.76
67.00
0.7921
53.07
212.28
67.00
0.7473
50.07
250.33
67.00
0.7050
47.23
283.39
67.00
0.6651
44.56
311.91
67.00
0.6274
42.04
336.29
67.00
0.5919
39.66
356.91
10
1,067.00
0.5584
595.81
5,958.07
1,051.52
8,060.43
Duracin modificada
7.665498
7.231602
Convexidad
67.99581
Duracin de Macaulay
BONO 2
1
Ao
Flujo de efectivo
Factor de
descuento al 6%
0
1
69.88
65.92
65.92
0.9434
69.88
0.8900
62.19
124.39
69.88
0.8396
58.67
176.02
69.88
0.7921
55.35
221.41
69.88
0.7473
52.22
261.09
69.88
0.7050
49.26
295.58
69.88
0.6651
46.47
325.32
69.88
0.6274
43.84
350.75
69.88
0.5919
41.36
372.26
10
69.88
0.5584
39.02
390.21
11
69.88
0.5268
36.81
404.93
12
69.88
0.4970
34.73
416.74
13
69.88
0.4688
32.76
425.91
14
69.88
0.4423
30.91
432.71
15
1,069.88
0.4173
446.42
6,696.35
1,095.96
10,959.58
Duracin de Macaulay
Duracin modificada
Convexidad
10.000009
9.433971
121.48416
BONO 3
1
Ao
Flujo de efectivo
Factor de
descuento al 6%
0
1
59.00
0.9434
55.66
55.66
59.00
0.8900
52.51
105.02
59.00
0.8396
49.54
148.61
59.00
0.7921
46.73
186.93
59.00
0.7473
44.09
220.44
59.00
0.7050
41.59
249.56
59.00
0.6651
39.24
274.67
59.00
0.6274
37.02
296.14
59.00
0.5919
34.92
314.30
10
59.00
0.5584
32.95
329.45
11
59.00
0.5268
31.08
341.89
12
59.00
0.4970
29.32
351.85
13
59.00
0.4688
27.66
359.60
14
59.00
0.4423
26.10
365.34
15
59.00
0.4173
24.62
369.28
16
59.00
0.3936
23.23
371.60
17
59.00
0.3714
21.91
372.48
18
59.00
0.3503
20.67
372.07
19
59.00
0.3305
19.50
370.51
20
59.00
0.3118
18.40
367.93
21
59.00
0.2942
17.36
364.46
22
59.00
0.2775
16.37
360.20
23
59.00
0.2618
15.45
355.26
24
59.00
0.2470
14.57
349.72
25
59.00
0.2330
13.75
343.67
26
59.00
0.2198
12.97
337.19
27
59.00
0.2074
12.23
330.34
28
59.00
0.1956
11.54
323.18
29
59.00
0.1846
10.89
315.78
30
1,059.00
0.1741
184.38
5,531.48
986.24
14,434.60
14.636060
13.807604
296.14149
Duracin de Macaulay
Duracin modificada
Convexidad
10.00 Aos
1,794.84
BONO I
1,588.18
1,617.63
1,648.69
1,681.45
1,716.00
1,752.43
1,790.85
1,831.35
1,874.05
1,919.06
1,966.49
2,016.48
2,069.16
2,124.66
2,183.12
2,244.70
2,309.55
BONO 2
1,868.87
1,844.71
1,825.14
1,810.05
1,799.35
1,792.97
1,790.85
1,792.95
1,799.26
1,809.76
1,824.46
1,843.37
1,866.53
1,893.98
1,925.77
1,961.98
2,002.69
BONO 3
2,808.66
2,536.42
2,315.61
2,137.23
1,994.02
1,880.14
1,790.85
1,722.34
1,671.53
1,635.92
1,613.46
1,602.53
1,601.79
1,610.17
1,626.82
1,651.05
1,682.31
2,900.00
2,700.00
2,500.00
2,300.00
2,100.00
1,900.00
1,700.00
1,500.00
6%
BONO 2
6.99%
15
69.88
1,000.00
1,095.96
912.44
BONO 3
5.90%
30
59.00
1,000.00
986.24
1,013.96
2,396.56
5,743.49
1,962.69
1,766.20
1,965.01
1,965.00
1,854.26
1,698.64
1,790.85
1,790.85
1,792.97
1,880.14
Riqueza Final
Tasa baja
1,792.95
1,722.34
5%
7%
BONO 1
6
10
t^2+t
(4)*(7)
Riqueza Final
0.0601
126.415
67.000
67.000
0.1134
357.779
71.020
70.350
0.1605
12
675.054
75.281
73.868
0.2019
20
1,061.406
79.798
77.561
0.2381
30
1,501.989
84.586
81.439
0.2695
42
1,983.759
89.661
85.511
0.2966
56
2,495.294
95.041
89.786
0.3198
72
3,026.637
100.743
94.276
0.3394
90
3,569.148
106.788
98.990
5.6661
110
65,538.795
113.195
103.939
80,336.28
1,883.11
1,842.72
7.67
BONO 2
6
10
t^2+t
(4)*(7)
Riqueza Final
0.0602
131.849
69.880
69.880
0.1135
373.158
74.073
73.374
0.1606
12
704.071
78.517
77.043
0.2020
20
1,107.030
83.228
80.895
0.2382
30
1,566.552
88.222
84.940
0.2697
42
2,069.031
93.515
89.187
0.2968
56
2,602.555
99.126
93.646
0.3200
72
3,156.738
105.074
98.328
0.3397
90
3,722.568
111.378
103.245
0.3560
110
4,292.269
118.061
108.407
0.3695
132
4,859.172
0.3803
156
5,417.602
0.3886
182
5,962.770
0.3948
210
6,490.678
6.1101
240
107,141.650
65.925
62.193
58.673
55.352
799.4766
66.552
63.383
60.365
57.490
838.2790
149,597.69
1,962.69
1,965.01
10.00
BONO 3
6
10
t^2+t
(4)*(7)
Riqueza Final
0.3019
111.321
59.000
59.000
0.5696
315.059
62.540
61.950
0.8060
12
594.450
66.292
65.048
1.0138
20
934.671
70.270
68.300
1.1956
30
1,322.647
74.486
71.715
1.3535
42
1,746.892
78.955
75.301
1.4897
56
2,197.349
83.693
79.066
1.6061
72
2,665.248
88.714
83.019
1.7046
90
3,142.981
94.037
87.170
1.7868
110
3,623.982
99.679
91.528
1.8542
132
4,102.621
1.9083
156
4,574.106
1.9503
182
5,034.393
1.9814
210
5,480.109
2.0028
240
5,908.473
2.0154
272
6,317.236
2.0201
306
6,704.613
2.0179
342
7,069.237
2.0094
380
7,410.102
1.9955
420
7,726.521
1.9766
462
8,018.088
55.660
52.510
49.538
46.734
44.088
41.593
39.238
37.017
34.922
32.945
31.080
56.190
53.515
50.966
48.539
46.228
44.027
41.930
39.934
38.032
36.221
34.496
171,475.845
29.321
27.662
26.096
24.619
23.225
21.911
20.670
19.500
330.201
32.853
31.289
29.799
28.380
27.029
25.742
24.516
23.348
399.126
328,164.41
1,766.20
1,854.26
1.9536
506
8,284.637
1.9267
552
8,526.213
1.8967
600
8,743.041
1.8639
650
8,935.497
1.8287
702
9,104.092
1.7916
756
9,249.440
1.7528
812
9,372.249
1.7126
870
9,473.297
30.0000
930
78.29
2,900.00
2,700.00
2,500.00
2,300.00
2,100.00
1,900.00
1,700.00
1,500.00
BONO I
BONO 2
BONO 3
11
Riqueza Final Tasa 7%
67.000
71.690
76.708
82.078
87.823
93.971
100.549
107.587
115.118
123.177
1,925.70
11
Riqueza Final Tasa 7%
69.880
74.772
80.006
85.606
91.598
98.010
104.871
112.212
120.067
128.472
65.308
61.036
57.043
53.311
762.8097
1,965.00
11
Riqueza Final Tasa 7%
59.000
63.130
67.549
72.278
77.337
82.751
88.543
94.741
101.373
108.469
55.140
51.533
48.162
45.011
42.066
39.314
36.742
34.339
32.092
29.993
28.030
26.197
24.483
22.881
21.384
19.985
18.678
17.456
16.314
273.666
1,698.64
Valor a la par
4,000,000.00
5,000,000.00
1,000,000.00
Precio
100.00
84.63
137.86
Valor de mercado
4,000,000.00
4,231,375.00
1,378,585.00
Rendimiento
10.00
10.00
10.00
9,609,960.00
6.47
Duracin
3.86
8.05
9.17
O CON 3 BONOS
Valor en el portafolio
0.4162
0.4403
0.1435