Matriz de Rentablidad

Precio Acc (S/,)

Dia 1
Dia 2
Dia 3
Dia 4
Dia 5
Dia 6
Media
Varianza
Desv Estandar
Precio Maximo
Precio Minimo
Precio Promedio
Rentabilidad Esperada
Acc ABC % XYZ %
31.00 28.00
30.00 -3% 25.00 -11%
28.00 -7% 32.00 28%
29.00 4% 27.00 -16%
33.00 14% 30.00 11%
32.00 -3% 32.00 7%
30.50 0.89% 29.00 3.89%
2.92 0.66% 6.67 3.09%
1.71 8.11% 2.58 17.57%
33.00 32.00
28.00 25.00
30.50 29.00
3.23% 14.29%
Matriz de Rentablidad
Precio Acc (S/,) Andres
Dia 1 8.40
Dia 2 10.50
Dia 3 10.50
Dia 4 12.60
Dia 5 14.70
Media 11.34
Beta
Varianza 5.73
Desv Estandar 2.39
Precio Maximo 14.70
Precio Minimo 8.40
Precio Promedio 11.34
Rentabilidad Esperada 75.0%
 % Gaira % Candelario %
10.50 6.30
25% 10.50 0% 2.10 -67%
0% 6.30 -40% 2.10 0%
20% 16.80 167% 4.20 100%
17% 16.80 0% 6.30 50%
15.42% 12.18 31.67% 4.20 20.83%
1.00 3.92 -0.34
1.17% 20.73 84.56% 4.41 50.69%
10.83% 4.55 91.95% 2.10 71.20%
16.80 6.30
6.30 2.10
12.18 4.20
60.0% 0.0%
Matriz de Rentablidad
Precio Acc (S/,) Milpo % Buenaventura %
Dia 1 2.33 25.05
Dia 2 2.39 3% 26.50 6%
Dia 3 2.38 0% 25.80 -3%
Dia 4 2.35 -1% 26.50 3%
Dia 5 2.40 2% 26.30 -1%
Dia 6 2.47 3% 26.52 1%
Media 2.39 1.19% 26.11 1.19%
Beta 1.00 0.44
Varianza 0.00 0.04% 0.35 0.11%
Desv Estandar 0.05 1.90% 0.59 3.24%
Precio Maximo 2.47 26.52
Precio Minimo 2.33 25.05
Precio Promedio 2.39 26.11
Rentabilidad Esperada 6.01% 5.87%
Pregunta 1 Punto 2
8%
-600,000.00 50,000.00 140,000.00 235,000.00 235,000.00

VAN S/-74,393.68

Pregunta 2 Punto 2
tasa desc. 7.50%
0 1 2 3
In. inicial -35000 6100 6700 7450
VA 35,000.00 5,674.42 5,797.73 5,996.96
VAN S/. 2,174.71

Pregunta 3 Punto 2
A
tasa desc. 10%
0 1 2 3
inv.inicial -5000 1000 1000 3000
VA 5000 909.09090909 826.446281 2253.9444
VAN -S/1,010.52
TIR 0%

B
tasa desc. 10%
0 1 2 3
inv.inicial -1000 0 1000 2000
VA 1000 0 826.446281 1502.6296
VAN S/3,378.12
TIR 76%

C
tasa desc. 10%
0 1 2 3
inv.inicial -5000 1000 1000 3000
VA 5000 909.09090909 826.446281 2253.9444
VAN S/2,404.55
TIR 25%

Pregunta 4 Punto 4

Valor de Nuevas Acciones 100,000.00

Precio esperado de cotización 2.20
Dividendo esperado (D1) 0.34
Crecimiento Esperado (g) 2.00%
Costos de flotación 0.89%
 Costos de emision y colocacio 0.15%
Impuesto a la renta es: 30.00%
Pagare a Largo Plazo 57,000 Kd 16.54%
Leasing 40,000 Kd 18.02%
Acciones Comunes 100,000

Tasa de rendimiento de acciones comunes (Ks) = D1 / Po(1-(f+c+e)) + g

Tasa de rendimiento de acci 17.6170%

Ks = 17.62%

Monto a se Financiado 197,000.00

Estructura de la Deuda 97,000.00 49.24%

Wd Kd Kd Promedio
Pagaré a Largo Plazo 57,000.00 58.76% 16.54% 9.72%
Leasing 40,000.00 41.24% 18.02% 7.43%
Total Kd 17.15%

Estructura de Patrimonio 100,000.00 50.76%

Montos Ws Ks
Acciones Comunes 100,000.00 50.76% 17.62%

El Costo de Capital (WACC) del Proyecto

WACC = Wd(Kd(1-t))+WsKs+WeKe+WpKp

WACC = 14.85%

Pregunta 5 Punto 5
Pt  Pt 1
Dos Activos r
Pt 1
Precio Rendimiento discreto (%)
Mes Acción A Acción B Acción A Acción B
0 25.00 45.00
1 24.12 44.85 -0.0352 -0.0033
2 23.37 46.88 -0.0311 0.0453
 3 24.75 45.25 0.0591 -0.0348
4 26.62 50.87 0.0756 0.1242
5 26.50 58.50 -0.0045 0.1500
6 28.00 57.25 0.0566 -0.0214
7 28.88 62.75 0.0314 0.0961
8 29.75 65.50 0.0301 0.0438
9 31.38 74.38 0.0548 0.1356
10 36.25 78.50 0.1552 0.0554
11 37.13 78.00 0.0243 -0.0064
12 36.88 78.12 -0.0067 0.0015

Estadísticos
Promedio 29.13 60.45 0.0341 0.0488
Varianza 22.25 167.23 0.0025 0.0038
Desv. Estándar 4.72 12.93 0.0502 0.0617
Covarianza 0.00036
Correlación 0.11719

Pregunta 6 Punto 2
Peso Costo
ponderado costo Ponderado
Fuente de capital (1) (2) (1) x (2)
Deuda a largo plazo 25% 10.5% 2.63% (wi x kd)
Reserva 25% 12.0% 3.00% (wp x kp)
Capital Acciones comunes 50% 15.0% 7.50% (ws x ks)
100% 13.13%

Pregunta 7 Punto 3
 4 5 6
8300 9600 10500
6,215.04 6,686.96 6,803.60

4
0
0 -1010.5184

4
3000
2049.04037 3378.11625

4
5000
3415.06728 2404.54887
d Promedio

Pt
r  ln Media y Varianza del Portafolio
Pt 1
1

Rendimiento contínuo (%) Rendimiento contínuo (%) 2
Acción A Acción B Mes Acción A Acción B E[rt]

-0.0358 -0.0033 1 -0.0358 -0.0033 -0.0196

-0.0316 0.0443 2 -0.0316 0.0443 0.0063
 0.0574 -0.0354 3 0.0574 -0.0354 0.0110
0.0728 0.1171 4 0.0728 0.1171 0.0950
-0.0045 0.1398 5 -0.0045 0.1398 0.0676
0.0551 -0.0216 6 0.0551 -0.0216 0.0167
0.0309 0.0917 7 0.0309 0.0917 0.0613
0.0297 0.0429 8 0.0297 0.0429 0.0363
0.0533 0.1271 9 0.0533 0.1271 0.0902
0.1443 0.0539 10 0.1443 0.0539 0.0991
0.0240 -0.0064 11 0.0240 -0.0064 0.0088
-0.0068 0.0015 12 -0.0068 0.0015 -0.0026

0.0324 0.0460
0.0023 0.0034
0.0478 0.0584
0.00034
0.12032

E[rA] = 0.0324 0.0460 = E[rB] E[rp] = 0.0392

VAR[rA] = 0.0023 0.0034 = VAR[rB] VAR[rp] = 0.00159
SD[rA] = 0.0478 0.0584 = SD[rB] SD[rp] = 0.0399
COV[rA rB] = 0.0003
Matriz de Rentablidad
Precio Acc (S/,)
Dia 1
Dia 2
Dia 3
Dia 4
Dia 5
Dia 6
Media
Beta
Varianza
Desv Estandar
Precio Maximo
Precio Minimo
Precio Promedio
Rentabilidad Esperada
Minera Tirit % Minera Iszil % Minera Moegol %
15 19 10
17 13% 21 11% 9 -10%
14 -18% 20 -5% 12 33%
15 7% 22 10% 8 -33%
18 20% 27 23% 11 38%
17 -6% 23 -15% 10 -9%
16 3.45% 22 4.74% 10 3.68%
1.00 0.82 -0.24
2.28% 2.14% 9.36%
15.09% 14.64% 30.59%
18 27 12
14 19 8
16 22 10
13.33% 21.05% 0.00%