HC VIN NGN HNG

Khoa Ti chnh

THI KT THC HC PHN

Mn: Th trng chng khon

p dng cho h i hc Kha 9. Thi gian lm bi 90 pht.

Phn I: L thuyt (6 im)
Hy tr li ng, sai v gii thch ngn gn cc cu sau:
Cu 1: (0,75 im). Cho bit mt s thng tin sau:
VN-Index

%
Ngy
Tng s c phiu
S c phiu tng gi
S c phiu gim gi
S c phiu ng gi

264,4
?
2.5%
18/5/09
169
126
30
13

Vy, ch s VN-Index ngy 18/3 tng 10,5 im so vi ch s ngy trc .

Cu 2: (0,75 im)
Mt cng ty pht hnh 5.000 tri phiu, li sut 9%, hnh thc hon tr gc cng li bng nhau hng
nm. Vy, s tri phiu cng ty hon tr nm th 2 l 3.425. Bit thm rng, s lng tri phiu cng ty
hon tr nm th nht l 2.020.
Cu 3: (0,75 im)
Trong giao dch khp lnh lin tc ngy 9/8/08 S giao dch chng khon TP. H Ch Minh nhn lnh
mua bn cp KHA nh sau:
Thi gian

Nh u t

8h30
9h32
9h35
11h

A
B
C
D

Lnh mua
Khi lng (cp)
600
300

Gi (1000)
36,9
37,8

Lnh bn
Khi lng (cp)

Gi (1000)

300
100

36,5
36,7

Vy gi thc hin ca nh u A v D tng ng l 36,9 v 36,7.

Cu 4: (0,75 im)
Lnh ATO c u tin nhp vo h thng giao dch trc lnh LO.
Cu 5: (0,75 im)
H s P/E cng cao chng t cng ty lm cn cng c hiu qu.
Cu 6: (0,75 im)
Ngy 10/4/09, Cng ty c phn Vua np h s nim yt ln S giao dch chng khon Tp.HCM.

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Nm
Vn iu l (T VND)
Li nhun sau thu (T VND)
N qu hn (T VND)
S c ng
Kt qu kinh doanh qu I/2009 (T VND)

2006
50
-5
2
50

2007
70
5
0
80

2008
90
10
0
120
-11

Vy, theo quy nh hin hnh Vit Nam, Cng ty iu kin nim yt chng khon ti S giao dch
chng khon TP.HCM. Bit thm rng, cng ty thnh lp vo thng 5/2006.
Cu 7: (0,75 im)
th v cc ng ch bo l cng c phan tch m nh phn tch c bn s dng d on xu hng
bin ng gi chng khon.
Cu 8: (0,75 im)
Tt c cc chng khon ca cc cng ty pht hnh ra cng chng u c nim yt trn S giao dch
chng khon.
Phn II: Bi tp (4 im)
Cu 1: (1,5 im)
Cho bit thng tin sau v gi quyn chn c phiu VAL cui ngy 13/3/08 nh sau:

Quyn chn

Gi thc hin (USD)

Ngy o hn

Gi cui ngy ca quyn

chn mua (USD)

VAL (Th gi)

46
46

40
45
50

Thng 4
Thng 4
Thng 4

8
4
3

Gi cui ngy ca
quyn chn bn
(USD)
1
3
6

Yu cu:
- Xc nh li nhun ca nh u t A khi thc hin quyn chn (c phiu VAL). Bit rng, trong
phin giao dch cui ngy 13/3/08 nh u t A mua c 100 quyn chn bn (mi quyn
chn cho php bn mt c phiu) c gi thc hin l 50/c phiu v gi th trng ca c phiu
A vo ngy thc hin quyn l 39 USD.
- Th hin trn th li nhun ca nh u t trn khi th gi c phiu VAL bin ng t 39 50
USD?
Cu 2: (2,5 im)
Mt tri phiu c mnh gi 100.000, li sut danh ngha 9%, thi hn 8 nm, thi hn cn li l 2 nm,
tr li 6 thng mt ln, thanh ton tin gc vo cui k hn.
Yu cu:
- Xc nh gi ca tri phiu trn bit rng li sut yu cu l 12%.
- Nu tri phiu trn ang c bn vi gi 98.000, bn c nn mua tri phiu khng?

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