{"id":21683,"date":"2023-12-06T02:51:24","date_gmt":"2023-12-06T02:51:24","guid":{"rendered":"https:\/\/masterskills.org\/blog\/lai-suat-coupon-la-gi-va-cach-tinh-the-nao.html"},"modified":"2023-12-22T04:56:00","modified_gmt":"2023-12-21T21:56:00","slug":"lai-suat-coupon-la-gi-va-cach-tinh-the-nao","status":"publish","type":"post","link":"https:\/\/masterskills.org\/blog\/lai-suat-coupon-la-gi-va-cach-tinh-the-nao.html","title":{"rendered":"L\u00e3i su\u1ea5t coupon l\u00e0 g\u00ec v\u00e0 c\u00e1ch t\u00ednh th\u1ebf n\u00e0o?"},"content":{"rendered":"
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L\u00e3i su\u1ea5t coupon l\u00e0 g\u00ec?<\/strong><\/span><\/h2>\n

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H\u1ea7u h\u1ebft c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 coi l\u1ee3i su\u1ea5t \u0111\u00e1o h\u1ea1n l\u00e0 ch\u1ec9 s\u1ed1 quan tr\u1ecdng h\u01a1n l\u00e3i su\u1ea5t coupon khi \u0111\u01b0a ra quy\u1ebft \u0111\u1ecbnh \u0111\u1ea7u t\u01b0. YTM kh\u00f4ng c\u1ed1 \u0111\u1ecbnh m\u00e0 l\u00ean xu\u1ed1ng li\u00ean t\u1ee5c t\u00f9y theo di\u1ec5n bi\u1ebfn cung c\u1ea7u th\u1ecb tr\u01b0\u1eddng v\u00e0 r\u1ee7i ro t\u00edn d\u1ee5ng t\u1ea1i t\u1eebng th\u1eddi \u0111i\u1ec3m c\u1ee7a nh\u00e0 ph\u00e1t h\u00e0nh.<\/p>\n

\n

\u201cL\u00e3i su\u1ea5t coupon l\u00e0 t\u1ef7 l\u1ec7 l\u00e3i su\u1ea5t m\u00e0 ng\u01b0\u1eddi ph\u00e1t h\u00e0nh tr\u00e1i phi\u1ebfu tr\u1ea3 tr\u00ean m\u1ec7nh gi\u00e1 tr\u00e1i phi\u1ebfu. \u0110\u00f3 l\u00e0 t\u1ef7 l\u1ec7 l\u00e3i su\u1ea5t \u0111\u1ecbnh k\u1ef3 m\u00e0 t\u1ed5 ch\u1ee9c ph\u00e1t h\u00e0nh tr\u00e1i phi\u1ebfu tr\u1ea3 cho ng\u01b0\u1eddi mua n\u00f3.\u201d<\/strong><\/em><\/p>\n<\/blockquote>\n

\u00a0<\/p>\n

Tr\u00e1i phi\u1ebfu coupon (Coupon Bond) c\u00f3 \u0111\u1eb7c \u0111i\u1ec3m g\u00ec?<\/strong><\/span><\/h2>\n

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V\u1edbi tr\u00e1i phi\u1ebfu coupon, t\u00ean ng\u01b0\u1eddi mua kh\u00f4ng \u0111\u01b0\u1ee3c in tr\u00ean b\u1ea5t k\u1ef3 lo\u1ea1i ch\u1ee9ng ch\u1ec9 n\u00e0o. V\u00ec v\u1eady n\u00f3 r\u1ea5t d\u1ec5 d\u00e0ng \u0111\u01b0\u1ee3c chuy\u1ec3n nh\u01b0\u1ee3ng c\u0169ng nh\u01b0 \u1ea9n ch\u1ee9a nhi\u1ec1u r\u1ee7i ro b\u1edfi kh\u00f4ng c\u00f3 quy \u0111\u1ecbnh ch\u1eb7t ch\u1ebd v\u1ec1 ch\u1ee7 s\u1edf h\u1eefu.<\/p>\n

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Bi\u1ec3u th\u1ecb ra c\u00f4ng th\u1ee9c kh\u00e1 \u0111\u01a1n gi\u1ea3n: C = i\/P<\/p>\n

Trong \u0111\u00f3:<\/p>\n

C l\u00e0 L\u00e3i su\u1ea5t coupon<\/p>\n

i l\u00e0 L\u00e3i su\u1ea5t h\u00e0ng n\u0103m<\/p>\n

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V\u00ed d\u1ee5: M\u1ed9t tr\u00e1i phi\u1ebfu ph\u00e1t h\u00e0nh v\u1edbi m\u1ec7nh gi\u00e1 1000$, tr\u1ea3 l\u00e3i m\u1ed9t n\u0103m 2 l\u1ea7n, m\u1ed7i l\u1ea7n 25$ th\u00ec s\u1ebd c\u00f3 l\u00e3i su\u1ea5t coupon l\u00e0 (25*2)\/1000 = 5%.<\/p>\n

L\u00e3i su\u1ea5t coupon \u1ea3nh h\u01b0\u1edfng th\u1ebf n\u00e0o \u0111\u1ebfn gi\u00e1 tr\u00e1i phi\u1ebfu?<\/strong><\/span><\/h2>\n

Kh\u00f4ng gi\u1ed1ng nh\u01b0 c\u00e1c s\u1ea3n ph\u1ea9m t\u00e0i ch\u00ednh kh\u00e1c, s\u1ed1 ti\u1ec1n l\u00e3i \u0111\u1ecbnh k\u1ef3 \u0111\u01b0\u1ee3c thanh to\u00e1n l\u00e0 c\u1ed1 \u0111\u1ecbnh theo th\u1eddi gian. V\u00ed d\u1ee5, m\u1ed9t tr\u00e1i phi\u1ebfu c\u00f3 m\u1ec7nh gi\u00e1 1000$, l\u00e3i su\u1ea5t coupon 2%, tr\u1ea3 20$ \u0111\u1ecbnh k\u1ef3 cho tr\u00e1i ch\u1ee7 cho \u0111\u1ebfn khi \u0111\u00e1o h\u1ea1n. Ngay c\u1ea3 khi gi\u00e1 tr\u00e1i phi\u1ebfu t\u0103ng ho\u1eb7c gi\u1ea3m, c\u00e1c kho\u1ea3n thanh to\u00e1n l\u00e3i \u0111\u1ecbnh k\u1ef3 s\u1ebd v\u1eabn l\u00e0 20$ cho \u0111\u1ebfn ng\u00e0y tr\u00e1i phi\u1ebfu \u0111\u00e1o h\u1ea1n.<\/p>\n

Khi l\u00e3i su\u1ea5t chung c\u1ee7a th\u1ecb tr\u01b0\u1eddng t\u0103ng cao h\u01a1n l\u00e3i su\u1ea5t coupon c\u1ee7a tr\u00e1i phi\u1ebfu, gi\u00e1 c\u1ee7a tr\u00e1i phi\u1ebfu c\u00f3 kh\u1ea3 n\u0103ng gi\u1ea3m v\u00ec c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 s\u1ebd kh\u00f4ng mu\u1ed1n mua tr\u00e1i phi\u1ebfu b\u1eb1ng m\u1ec7nh gi\u00e1 g\u1ed1c l\u00fac n\u00e0y, khi m\u00e0 h\u1ecd c\u00f2n c\u00f3 th\u1ec3 nh\u1eadn \u0111\u01b0\u1ee3c l\u00e3i su\u1ea5t t\u1ed1t h\u01a1n \u1edf n\u01a1i kh\u00e1c.<\/p>\n

Ng\u01b0\u1ee3c l\u1ea1i, n\u1ebfu l\u00e3i su\u1ea5t hi\u1ec7n h\u00e0nh gi\u1ea3m th\u1ea5p h\u01a1n l\u00e3i su\u1ea5t coupon c\u1ee7a tr\u00e1i phi\u1ebfu, tr\u00e1i phi\u1ebfu s\u1ebd t\u0103ng gi\u00e1 tr\u1ecb v\u00ec n\u00f3 \u0111ang cho nh\u00e0 \u0111\u1ea7u t\u01b0 nhi\u1ec1u l\u1ee3i nhu\u1eadn h\u01a1n d\u00f9 v\u1eabn mua c\u00f9ng m\u1ed9t lo\u1ea1i tr\u00e1i phi\u1ebfu hi\u1ec7n t\u1ea1i. Khi \u0111\u00f3, l\u00e3i su\u1ea5t coupon c\u0169ng s\u1ebd gi\u1ea3m th\u1ea5p h\u01a1n, ph\u1ea3n \u00e1nh s\u1ef1 gi\u1ea3m xu\u1ed1ng c\u1ee7a l\u00e3i su\u1ea5t th\u1ecb tr\u01b0\u1eddng.<\/p>\n

Tr\u00ean th\u1ef1c t\u1ebf, r\u1ea5t c\u00f3 th\u1ec3 gi\u00e1 c\u1ee7a tr\u00e1i phi\u1ebfu kh\u00f4ng ph\u1ea3n \u00e1nh ch\u00ednh x\u00e1c m\u1ed1i quan h\u1ec7 gi\u1eefa l\u00e3i su\u1ea5t coupon v\u00e0 c\u00e1c m\u1ee9c l\u00e3i su\u1ea5t kh\u00e1c. V\u00ec v\u1eady, khi mua tr\u00e1i phi\u1ebfu, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n xem x\u00e9t l\u00e3i su\u1ea5t coupon c\u1ee7a tr\u00e1i phi\u1ebfu v\u00e0 l\u00e3i su\u1ea5t th\u1ecb tr\u01b0\u1eddng \u0111\u1ec3 l\u1ef1a ch\u1ecdn h\u00ecnh th\u1ee9c hi\u1ec7u qu\u1ea3 nh\u1ea5t.<\/p>\n

Tr\u00ean \u0111\u00e2y l\u00e0 c\u00e1c chia s\u1ebb v\u1ec1 l\u00e3i su\u1ea5t coupon l\u00e0 g\u00ec c\u0169ng nh\u01b0 c\u00f4ng th\u1ee9c t\u00ednh, hi v\u1ecdng b\u1ea1n \u0111\u00e3 c\u00f3 c\u00e1c th\u00f4ng tin th\u1eadt h\u1eefu \u00edch.<\/p>\n

H\u00e0 Ph\u01b0\u01a1ng<\/strong><\/p>\n

\u00a0<\/p>\n

<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

L\u00e3i su\u1ea5t coupon \u0111ang l\u00e0 lo\u1ea1i l\u00e3i su\u1ea5t h\u1ea5p d\u1eabn nh\u1ea5t trong gi\u1edbi \u0111\u1ea7u t\u01b0. V\u1eady l\u00e3i su\u1ea5t coupon l\u00e0 g\u00ec?<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[429],"tags":[],"_links":{"self":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/21683"}],"collection":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/comments?post=21683"}],"version-history":[{"count":0,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/21683\/revisions"}],"wp:attachment":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/media?parent=21683"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/categories?post=21683"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/tags?post=21683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}