trabajo
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Rsector Rmerccado MES 1 0.0184 0.0239 MES 2 0.0681 0.0198 COV ARIANZA ( O!ME" MES 3 0.066# 0.0063 V ARIANZA (ME" MES 4 0.038# 0.01#4 $ESVIACI%N ES& AN$AR(ME" MES ' 0.0483 0.060' )E& A 1 MES 6 0.0'# 0.0201 )E& A2 MES # 0.0482 0.0162 MES 8 0.0991 0.01'6 MES 9 0.0286 0.034# ESCENARIO A*+E MES 10 0.03'9 0.0029 ESCENARIO )ASE PROMEDIO 0.02984 0.00504 ESCENARIO RECESI%N a,-a 0.42310'42#3 0.06218499 R( O" 0.02984 R/ 0.003'833333 0.043 1.26#2'8'293 Rm 0.00'04 0.06218499 V AOR $E A IRMA CAM R( O" 0.02984 0.0##846#9 A 2.'9#8#998' $E*$A 60 CAI& A 40 & ASA $E REN 30 CO55 0.08'#38#14' C.INAN 13 & ASA ERE 2 0.08 0.06 0.04 0.02 0 0.02 0.06 0.04 0.02 0 0.02 0.04 0.06 0.08 0.1 0.12 /( " 7 1.26#2'8'293 0.0234'3 HALLAN
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Hoja1RsectorRmerccadoMES 10.01840.0239MES 20.06810.0198COVARIANZA (KO,ME)0.0008660754MES 30.06670.0063VARIANZA (ME)0.0006834244MES 40.03870.0174DESVIACIN ESTANDAR(ME)0.026142387MES 5-0.0483-0.0605BETA 11.2672585293MES 6-0.057-0.0201BETA21.2672585293MES 70.04820.0162MES 80.09910.0156S/PoS/PoS/PoMES 90.02860.0347ESCENARIO AUGE850005%880008%920009%MES 100.0359-0.0029ESCENARIO BASE8000085%8500080%9000078%PROMEDIO0.029840.00504ESCENARIO RECESIN7500010%7400012%7500013%anual0.42310542730.0621849929E(FC1)E(FC2)E(FC3)R(KO)0.02984797508392088230Rf0.00358333330.043b1.2672585293Rm0.005040.0621849929VALOR DE LA FIRMA1283171.46920373CAPMR(KO)0.029840.0778467862bA2.597879985
DEUDA60%CAPITAL40%TASA DE RENTA30%COKpp0.0857387145C.FINAN13%TASA PERPE2%https://www.youtube.com/watch?v=EGu0riAD8Xohttps://www.youtube.com/watch?v=PugLm_XIMrMhttps://www.youtube.com/watch?v=tFcalyMlB4whttp://www.pkfperu.com/web/documentos/Interpretando_25.pdfhttp://www.indiceperu.com/lecturas/paper04.pdf
Hoja2EJERCICIO 2S/PoS/PoS/PoESCENARIO AUGE800005%850008%1000009%ESCENARIO BASE7600085%8200080%9500078%ESCENARIO RECESIN7000010%7400012%7500013%
E(FC1)E(FC2)E(FC3)756008128092850BETA DESAPALANCADO0.8DEUDA0.7CAPITAL PROPIO0.3CAPM13.449879166666700%TASA DE RENTA0.3RENDIMIENTO DEL CAPITAL0.058366TASA LIBRE DE RIESGO3.38%RENDIMIENTO DE ADEUDOS8%BETA APALANCADO2.1066666667COKpp0.0795496375RENDIMIENTO DE MERCADO(S/P)6.45%VF1434179.82057042DESVIACION BVL2.10%DESVIACIN S&P1.92%RIESGO PAIS3%TASA DE CRECIMIENTO1.80%
Hoja3
