Asignacion 2 Diplomado Finanzas

 

 

N@VHLOMNL NJ IJ[^@LE C@EMEK@JTM

GLBMO@H [MEKBJW N@MW

VTMK^@KM IJ[^@LE C@EMEK@JTM, KHM[@C@KMK@L KHM[@C@KMK@LE E NJ HM[ KZJE^M[ P JKZMK@LEJ[ VM^T@OLE@MHJ[

H`k. Nmk`mem Omrtj

Cjkbm7 44/6;/464 44/6;/464= =

 

 

Mkt`v`nmnjs Ze`nmn El. = Mprjk`mnl/m jstun`metj7  c`emh`zmnl jh jstun`l nj hls kletje`nls nj jstm pr`ojrm sjomem, ustjn ym jstí je kmpmk`nmn nj rjmh`zmr hms s`iu`jetjs mkt`v`nmnjs `en`v`numhjs7 =.- KHM[@C@KMK@ KHM[@C@KMK@LE LE NJ H HM[ M[ KZJE^M[ 7 p÷dh`kl l l pr`vmnl ym quj myunme Hms kujetms kletmdhjs, sle `oplrtmetjs pmrm kumhqu`jr jetj p÷dh`k m hhjvmr jh kletrlh c`emek`jrl, hlirmenl hm rjmh`zmk`ûe nj ue dmhmekj ijejrmh, ue dmhmekj njh jstmnl nj imemek`ms y pàrn`nms, ue meíh`s`s kletmdhj y c`emek`jrl y ltrls. Hm kujetm js jh t`tuhl ijeàr`kl quj sj nm m ue irupl bloliàejl nj d`jejs, vmhlrjs l sjrv`k`ls quj sj ometjenrí `evmr`mdhj nurmetj ue njtjro`emnl pjr`lnl kletmdhj. Hm k`jek`m kletmdhj, js hm bjrrmo`jetm nj trmdmgl oís `oplrtmetj plrquj myunm m prjsjetmr hm `eclromk`ûe je clrom s`etjt`zmnm nj tlnms hms lpjrmk`lejs quj bme lkurr`nl je hm joprjsm, nurmetj ue pjr`lnl nj t`jopl. Vjro`tj nmr m klelkjr m oukbls `etjrjsmnls hls `eclrojs c`emek`jrls nj hm joprjsm klol 7 m hls nujýls njh ejilk`l, jh ild`jrel, m hms `est`tuk`lejs dmekmr`ms y c`emek`jrms, m hls kh`jetjs, m hls pls`dhjs `evjrs`le`stms jtk. 4.- JKZMK@@LE VM^T@OLE@MH

Hm Jkumk`ûe Vmtr`ole`mh pjro`tj tjejr jqu`h`dr`l jetrj hl quj sj t`jej y hl quj sj njdj. Vmrm njtjro`emr jh jqu`h`dr`l sj ut`h`zm uem cûrouhm omtjoít`km klelk`nm kle jh elodrj nj Jkumk`ûe Vmtr`ole`mh. Mkt`vl ? Vms`vl + Vmtr`ole`l Nj nlenj Vms`vl ? Mkt`vl ‛ Vmtr`ole`l

 

 

Vmtr`ole`l ? Mkt`vl - Vms`vl

Jgjrk`k`ls nj Mph`kmk`ûe7 Hm Cuek`ûe C`emek`jrm Vmrm jh duje njsmrrlhhl nj jstm mkt`v`nmn ustjn njdj bmdjr jstun`mnl ku`nmnlsmojetj jh nlkuojetl klophjojetmr`l nj hm sjomem =7 ‘Jh Jetlrel nj hms C`emezms‟ y rjv`smnl jh jgjophl ‘Jstmnls C`emek`jrls nj hm Joprjsm N`níkt`km [.M.‟, quj tmod`àe pujnj jekletrmr je jh dltûe Nlkuojetls ‛ [jomem =.

Jgjrk`k`l nj Mph`kmk`ûe E· =7 M klet`eumk`ûe sj oujstrme hls smhnls mgustmnls nj mhiuems nj hms kujetms nj hm [.M.,  klrrjsplen`jetj/s mh k`jrrj nj kujetms mh ;= nj Joprjsm nj Vrujdm = [.M., N`k`jodrj nj 46==.

Zem vjz rjv`smnms hms metjr`lrjs k`crms ustjn njdjrí7

=. Khms`c`kmr kle uem uem R hms kujetms kujetms sji÷e sji÷e klrrjsplenm, klrrjsplenm, Mkt`vls, Vms`vls, Vmtr`ole`l l Jstmnl nj Tjsuhtmnls. K`crms je o`hhlejs nj pjsls Kujetm

Smhlr

Kujetms plr pmimr prlvjjnlrjs Kmp`tmh pmimnl [jiurls el vjek`nls Imstl nj `etjrjsjs

4.6:6 9.466 446 =26

Ldh`imk`lejs dmekmr`ms Bjrrmo`jetms ejtms @opujstls plr pmimr Tjsjrvm hjimh Kmgm Vrlv`s`ûe pmrm njunms omhms Omqu`emr`m Mkk`lejs je klopmýïm c`h`mhjs Imstls plr pmimr Imstl nj prjstmk`lejs Ltrls Vms`vls plr pmimr Vr`om je klhlkmk`ûe nj mkk`lejs

;.0=: =.366 246 0>6 =>6 ;26 >.;66 4.266 =0; ;46 2:6 306

Mkt`vl Vms`vl Vmtr`ole`l V y I x x x x x 

x x

R x x x x x x x x

 

 

Smhlr nj Hlkmh pmrm mrrjenmrhl o`jetrms sj vjenj Sjek`o`jetl klrr`jetj nj b`pltjkm Vr`om pmimnm nj mrrjenmo`jetl Imstl njprjk`mk`ûe jn`c`k`l Tjsjrvm pmrm cuturms moph`mk`lejs [ldrji`rl dmekmr`l @evjrs`ûe je Dlels nj cík`h rjmh`zmk`ûe Vràstmols m jophjmnls m klrtl phmzl Jn`c`k`l nj phmetm nj prlnukk`ûe Vmtjetj nj cmdr`kmk`ûe Nlkuojetl plr pmimr m 2 mýls Kjsmetïms kleslh`nmnms Sjetms drutms Imstl nj sujhnls @evjrs`ûe je Mkk`lejs rjmh`zmdhjs @evjetmr`l nj prlnuktls tjro`emnls Njprjk`mk`ûe mkuouhmnm oujdhjs y jesjrjs @etjrjsjs pmimnls plr met`k`pmnl [mhnl nj Dmekls @evjetmr`l nj omtjr`m pr`om Mkrjjnlrjs vmr`ls Imstls n`cjr`nls Zt`h`nmnjs plr n`str`du`r Kujetms plr kldrmr m kh`jetjs Kujetms plr kldrmr m slk`ls Njprjk`mk`ûe mkuouhmnm jn`c`k`l Njprjk`mk`ûe mkuouhmnm omqu`emr`m Kloprms Clenl nj hm joprjsm kle njst`emk`ûe jspjkïc`km @eirjsls n`cjr`nls Kmgm ojelr Njunlrjs vmr`ls @evjetmr`l nj prlnuktls je prlkjsl Oujdhjs y jesjrjs [mhnl nj B`pltjkm plr pmimr m hmril phmzl

;.366 =.:66 :66 =>6 4.266 3>: 4.466

x x x x x x R

326 =4.666 266 3.;66 =.24: =2.4;3 9>6 366 4.206

x x x x x x x x

x

>06 0: >26 4.>;6 9:6 406 0:3 2.9:6 :66 :.=46

x x x x x x x x x x

266

x

=.>:6 := 46 >06 >.>36 =.:66 >.:66 266

 

x x x x x x x x

 

 

[upjrív`t plr pmtjetj nj cmdr`kmk`ûe Hltj pmrm usl cuturl @eirjsl nj `etjrjsjs Klstl nj vjetms

>.666 4=> ;.2:6 4.6:6

x x x x

 

=.  Jgjrk`k`l nj Jkumk`ûe Vmtr`ole`mh =)  Kuíh js hm s`tumk`ûe c`emek`jrm pmrm uem klopmýïm klojrk`mh quj t`jej uels mkt`vls tltmhjs nj $=.9;: o`hhlejs nj pjsls y uels pms`vls nj klrtl phmzl nj $;2= o`hhlejs, pms`vls nj hmril phmzl nj $>=9 $> =9 o`hhlejs.

MK^@SL ‛VM[@SL?VM^T@OLE@L $=9;:OO ‛$>=9OO-$;2=OO?  $0;9OO  4)  Nls mo`ils mplrtmrle $::.666.666 kmnm uel pmrm jh oletmgj nj ue supjrojrkmnl. [` jh prlyjktl rjqu`jrj uels mkt`vls klrr`jetjs nj $==>.666.666 y uels mkt`vls c`gls nj $;2.:66.666. Kuíh njdjrïm sjr hm jstrukturm nj jstj prlyjktl.

MK^@SL-VM^T@OLE@L?VM[@SL $=:4,:66,666.66-$==6,666,666.66?$>4,:66,666.66 

  mkt`vls ;) Zem joprjsm hïnjrnj je$34> jstun`ls nj ojrkmnls, N`k`jodrj ;=, uels klrr`jetjs o`hhlejs nj pjsls, t`jej uels m mkt`vls c`gls plr $=29 o`hhlejs y ltrls mkt`vls plr vmhlr nj $>= o`hhlejs. [` mktumhojetj hm joprjsm plsjj pms`vls m klrtl phmzl plr vmhlr nj 4=: o`hhlejs y ue pms`vl nj hmril phmzl plr $466 o`hhlejs. Kuíetl vmhj hm pmrt`k`pmk`ûe nj hls slk`ls.

MK^@SL-VM[@SL? VM^T@OLE@L $2:4,666,666.66-$>=:,666,666.66?$>;9,666,666.66

 

 

>)  Zem klojrk`mh`zmnlrm nj ojn`kmojetls, t`jej uels mkt`vls tltmhjs klrr`jetjs plr $=.>>> o`hhlejs, y uels mkt`vls c`gls plr vmhlr nj $;=4 o`hhlejs, oms uels imstls n`cjr`nls plr vmhlr nj $4; o`hhlejs, hls pms`vls pms `vls klrr`jetjs nj $=.6;: o`hhlejs y uels pms`vls nj hmril phmzl plr vmhlr nj $4:6 o`hhlejs. Jhmdlrmr jh dmhmekj nj jstm joprjsm.

MK^@SL[ ‛VM[@SL[ ? VM^T@OLE@L $=9:3OO - $=;62OO ?$>>2OO :)  Zem N`str`du`nlrm nj prlnuktls mh`ojet`k`ls pmrm klo`nms ríp`nms, t`jej uels pms`vls klrr`jetjs quj msk`jenje m $49.2 o`hhlejs nj pjsls, ue pmtr`ole`l tltmh nj $90.; o`hhlejs. [` jstm joprjsm t`jej uels mkt`vls klrr`jetjs quj vmhje $0:.9 o`hhlejs y ltrls mkt`vls quj vmhje $==.> o`hhlejs. Jhmdlrmr jh dmhmekj nj jstm joprjsm.

MK^@SL[

? VM[@SL[+ VM^T@OLE@L $49.2OO + $90.;OO 

0:.9OO+==.>OO?

$=69.=OO?

$49.2OO

+

$90.;OO 

$=69.=OO? $=69.=OO JH DMHMEKJ LD^JE@NL J[ @IZMH MK^@SL PM ]ZJ HL[ MK^@SL[ CZJTLE MN]Z@T@NL[ KLE HL[ VM[@SL[ (NJZNM[ NJ HM JOVTJ[M) P JHM VLT^J VLT^J NJ KMV@^MH NJ HL[ [LK@L[ NJ HM O@[OM

Zem vjz njsmrrlhhmnms hms metjr`lrjs mkt`v`nmnjs, plr cmvlr jevïjhms m su tutlr(m) plr jh h`ea nj jevïl nj Mkt`v`nmnjs ue`nmn =. VMTM JES@MT JH NLKZOJE^L ^JEIM JE KZJE^M HL[ [@IZ@JE^J[ VM[L[ 

 Bmkjs  B mkjs kh`k je j e jh jehmkj  l Bmkjs kh`k je jh Dltûe nj Jxmo`emr  

l

 Duskm je tu n`skl nurl y sjhjkk`lem jh mrkb`vl nlenj rjmh`zmstj hm mkt`v`nmn   l Kh`k je jh dltûe Mdr`r l Njdjs jev`mr mhi÷e klojetmr`l mh tutlr pmrm jhhl prlkjnjs bm jskr`d`rhj mhil je hm lpk`ûe Klojetmr`ls  l [` js oms nj ue mrkb`vl m jev`mr, njdjs bmkjr kh`k je mnguetmr ltrl mrkb`vl  l  Vmrm tjro`emr njdjrís nmr kh`k je Jev`mr   l

Tjkujrnj7 [` t`jej mhiuem nunm l suijrjek`m plr cmvlr kletmktj m su tutlr(m). ¡Àx`tls!