Formulario Pep
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Transcript of Formulario Pep
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7/25/2019 Formulario Pep
1/1
FORMULARIO PEP
VP = Ft Flujo nico VP = F Flujo perpetuo
(1+r)t r
VP = F * (1+r)N- 1 Serie de Flujos r = (1+i/k)k- 1
(1+r)N * r rk= (1+rw)k/w- 1
VP = F1 * (1+w)N - 1 Grdiente !s " Ft= F1(1+)
t-1
(1+) (1+w)N* w
VP = F1* (1+r)N - 1 + G * (1+r)N - 1 - N Grdiente #scl$n " Ft= F1+ G(t-1)
(1+r)N * r r (1+r)N* r (1+r)N
VP = Ft(1+)t = Ft %onde " w = (1+r) - 1
(1+r)t (1+w)t (1+)
& = Sk* (1+r)N * r &uots i'ules N= Nero de cuots
(1+r)N- 1
& = Sk* (1+r)N-k *r &uots i'ules N= Periodo de P'o = Periodo de 'rci
(1+r)N-k
- 1
= Sk N= Nero de cuots = Sk N= Periodo de P'o = Periodo de 'rci
N N , k
%ep = V - V. %epk= ( Vk-1- V.)* 0 %epk = (V - V.) * (N+1-k)
N N k
! = &op * ( P* !P + !.* !!.+ 1 * !NV+ &23* !&23)
VN = - + FN&t VN = - + FN& * (1+r)4 - 1
(1+r)t (1+r)4 * r
VN = - + FN& VN rep = VN * 1 + (1+r4)k-1
- 1r (1+r4)
k-1* r4
VN = VN * 1 + 1 %onde r 4 = (1+r)4 - 1
r4
VN = VN ndi5idul VN = VN &onjunto
%oento 2ptio de inicio
VN = 6 VN 78io r * t+ FN&4+!+1 = + FN&!+1t (1+r)4
(& * (1+r)
-t
) = & * n(1+r) * (1+r)
-t
t
!9o 2ptio
VN = 6 VN 78io r = * !ir r'inl
!
0(VN) = (0(Ft)/ (1+r)0t)
#(Ft) = Ftj*Ptj 0(Ft) = (Ftj- #(Ft))
0*Ptj