PT. ABC melakukan emisi obligasi 10,000,000,000.

- dengan bunga nominal 12%, jatuh tempo obliasi 5 tahun, bunga

Bila bunga pasar (efektif) pada saat melakukan emisi obligasi tersebut diasumsikan sbb:

a. 10%
b. 12%
c. 14% 12%
PREMIUM (AGIO)
PT. ABC
OBLIGASI
NN= 10 M
BN 12%
10% 14%

JT 5 TAHUN

DISCOUNT (DIS AGIO)

NILAI PASAR OBLIGASI (BOND VALUE) 8% 10%

1. NILAI TUNAI BUNGA NOMINAL

DF A
1,200,000,000 3.79078676940845 4,548,944,123.29
1,200,000,000 3.60477620234501
1,200,000,000 3.43308096885846
1,200,000,000 3.99271003707809 4,791,252,044

II. NILAI TUNAI POKOK

DF SA
10,000,000,000 0.620921323059155 6,209,213,230.59
10,000,000,000 0.567426855718599
10,000,000,000 0.519368664359815
10,000,000,000 0.680583197033753 6,805,831,970

B0ND VALUE 10,758,157,353.88

 PREMIUM/AGIO
1 1 1 1 758,157,353.88
1.469328 1.61051 1.762342 1.9254145824
0.680583 0.620921 0.567427 0.5193686643598
0.319417 0.379079 0.432573 0.4806313356402
3.99271 3.790787 3.604776 3.43308096885846

CAPITAL GAIN= HS-HSEMULA

l 12%, jatuh tempo obliasi 5 tahun, bunga dibayarkan tiap akhir tahun.

sumsikan sbb:

DISCOUNT (DIS AGIO)

12% 14%

4,325,731,442.81
4,119,697,162.63

5,674,268,557.19
5,193,686,643.60

10,000,000,000.00 9,313,383,806.23
 DISCOUNT
(686,616,193.77)

AIN= HS-HSEMULA