Nguyễn Ngọc Phan Văn

1. DAp AN DE 1
Cau 1: (3 di~m)
Ty suat doanh IQ'iky vong cua danh muc dAutu
12,32x 25%+18,4x 20%+ 12,6x35%+ 11,5x20%= 13,47%
a. Rui ro cua danh muc dAutu lit:
vp = (0,45)2X (9,7)2+ (0,55)2X (3)2+ 2x(0,45 x 0,55 x0,56x 9,7x3) = 29,84
a =546%p ,
Nhir v~y nii ro cua danh muc dAutu giam so voi e6 phieu VNM, nhung eao
hon e6 phieu HSG.
b. Gift sir Uiisudt phi nii ro lit 8%, e6 phieu REE eo beta lit 1,2; ty sudt sinh loi cua
thi tnrong lit 14%. Ty sUdt sinh loi cua e6 phieu REE lit bao nhieu?
K = 8%+(14%-8%)*1,2= 15,2%
Cau 2: (3 di~m)DVT: d6ng
a. Ta eo: L = [701.335(1+ 14%)10-1.000.000]/10 =160.000
Suy ra: i= 160.000/1000.000 = 16%
b. do= 3.350
dl = 3.350 x 1,16
d2= 3.886 x 1,16
d, = 4.508 x 1,16
d, = 5.229x 1,12
= 3.886
= 4.508
= 5.229
= 5.856
p - 5.856 73.206
3 - (20%-12%)
a. Gia tri cua e6 phieu sau 2 nam:
P2 = 73.206+5229 = 65.362
(1+20%)
b.P7 = 73.206x 1,124 = 115.191
Cau 3: (4 di~m)(DVT: trieud6ng)
a. Gia tri thu h6i rong TSCD: 150 - 15 - (150-15)25%= 101,25
Dong ti€n rong:
Nam 0 1 2 3 4 5
Dong tien -1.500
rong 260 1000 500 500 741,25
b.
IRR
QTTC2_Cf)_CHINH QUI_MD: 01

2. Chonr =26% NPv' =-1500+ 260 + 1000 + 500 + 500 + 741,25 =17965
. I , 1 1,26 1,262 1,263 1,264 1,265 '
Ch _ 270" NPTT - 1500 260 1000 500 500 741,25 - 14 618onrl _ 10 r. -- +-+--+--+--+ --
. , 2 1 27 1 272 1 273 1 274 1 275 ', , , , ,
IRR = 26% + 17,965(27%-26%) = 2655%
17,965+14,618 '
Vi NPV > 0 , IRR> 12% nen chApnhdn du an
D' ti ;.. hi ~tkh ~ . d 'a. ong len c re aucua van
Nam 0 1 2 3 4 5
Dong tien -1.500
rong 232,143 797,194 355,89 317,759 420,605
DPP = 3 + 1500-1385,227 = 336 nam
317,759 '
K~t Iuan: nen dfiu ur vito du an
QTTC2_CD_CHINH QUI_MD: 01