{"id":30631,"date":"2023-12-07T09:39:10","date_gmt":"2023-12-07T09:39:10","guid":{"rendered":"https:\/\/masterskills.org\/blog\/loi-suat-tru-lai-stripped-yield-la-gi-loi-suat-tru-lai-cua-trai-phieu-brady-va-co-phan-uu-dai.html"},"modified":"2023-12-23T06:13:59","modified_gmt":"2023-12-22T23:13:59","slug":"loi-suat-tru-lai-stripped-yield-la-gi-loi-suat-tru-lai-cua-trai-phieu-brady-va-co-phan-uu-dai","status":"publish","type":"post","link":"https:\/\/masterskills.org\/blog\/loi-suat-tru-lai-stripped-yield-la-gi-loi-suat-tru-lai-cua-trai-phieu-brady-va-co-phan-uu-dai.html","title":{"rendered":"L\u1ee3i su\u1ea5t tr\u1eeb l\u00e3i (Stripped Yield) l\u00e0 g\u00ec? L\u1ee3i su\u1ea5t tr\u1eeb l\u00e3i c\u1ee7a Tr\u00e1i phi\u1ebfu Brady v\u00e0 C\u1ed5 ph\u1ea7n \u01b0u \u0111\u00e3i"},"content":{"rendered":"
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Hi\u0300nh minh ho\u0323a. Ngu\u00f4\u0300n: Investopedia.com<\/p>\n<\/div>\n<\/div>\n

L\u1ee3i su\u1ea5t tr\u1eeb l\u00e3i<\/font><\/h2>\n

Kha\u0301i ni\u00ea\u0323m<\/b><\/p>\n

L\u1ee3i su\u1ea5t tr\u1eeb l\u00e3i<\/b> trong ti\u00ea\u0301ng Anh la\u0300 Stripped Yield<\/b>.<\/p>\n

L\u1ee3i su\u1ea5t tr\u1eeb l\u00e3i<\/b> l\u00e0 ph\u1ea7n l\u1ee3i nhu\u1eadn \u0111\u1ed9c l\u1eadp, kh\u00f4ng th\u1ebf ch\u1ea5p c\u1ee7a tr\u00e1i phi\u1ebfu hay ch\u1ee9ng quy\u1ec1n sau khi tr\u1eeb \u0111i t\u1ea5t c\u1ea3 c\u00e1c kho\u1ea3n \u01b0u \u0111\u00e3i v\u00e0 t\u00ednh n\u0103ng ti\u1ec1n t\u1ec7. Hay n\u00f3i m\u1ed9t c\u00e1ch \u0111\u01a1n gi\u1ea3n, l\u1ee3i su\u1ea5t tr\u1eeb l\u00e3i ch\u1ec9 l\u1ee3i nhu\u1eadn tr\u00ean ph\u1ea7n n\u1ee3 c\u1ee7a m\u1ed9t tr\u00e1i phi\u1ebfu hay ch\u1ee9ng quy\u1ec1n. \u00a0\u00a0<\/p>\n

L\u1ee3i su\u1ea5t tr\u1eeb l\u00e3i c\u0169ng \u0111\u01b0\u1ee3c g\u1ecdi l\u00e0 l\u1ee3i t\u1ee9c tr\u00e1i phi\u1ebfu ch\u00ednh ph\u1ee7. \u00a0 \u00a0\u00a0<\/i><\/p>\n

L\u1ee3i su\u1ea5t tr\u1eeb l\u00e3i ch\u1ec9 ph\u1ea7n l\u1ee3i nhu\u1eadn ch\u1ec9 tr\u00ean y\u1ebfu t\u1ed1 n\u1ee3 (tr\u00e1i phi\u1ebfu) m\u1ed9t c\u00f4ng c\u1ee5 t\u00e0i ch\u00ednh sau khi tr\u1eeb \u0111i l\u1ee3i nhu\u1eadn tr\u00ean ph\u1ea7n v\u1ed1n (v\u1ed1n ch\u1ee7 s\u1edf h\u1eefu ho\u1eb7c quy\u1ec1n ch\u1ecdn) ra kh\u1ecfi gi\u00e1 th\u1ecb tr\u01b0\u1eddng.<\/p>\n

Tr\u00e1i phi\u1ebfu Brady\u00a0<\/font><\/h3>\n

\u0110\u1ed1i v\u1edbi tr\u00e1i phi\u1ebfu Brady \u2013 tr\u00e1i phi\u1ebfu ch\u00ednh ph\u1ee7 \u0111\u01b0\u1ee3c ph\u00e1t h\u00e0nh b\u1edfi c\u00e1c n\u01b0\u1edbc \u0111ang ph\u00e1t tri\u1ec3n, l\u1ee3i su\u1ea5t tr\u1eeb l\u00e3i<\/b> l\u00e0 l\u1ee3i t\u1ee9c ti\u1ec1m n\u0103ng c\u1ee7a tr\u00e1i phi\u1ebfu ch\u00ednh ph\u1ee7 hay l\u1ee3i t\u1ee9c l\u00ed thuy\u1ebft c\u1ee7a ph\u1ea7n kh\u00f4ng \u0111\u01b0\u1ee3c th\u1ebf ch\u1ea5p c\u1ee7a tr\u00e1i phi\u1ebfu ch\u00ednh ph\u1ee7.\u00a0<\/p>\n

N\u00f3i t\u00f3m l\u1ea1i, l\u1ee3i su\u1ea5t tr\u1eeb l\u00e3i l\u00e0\u00a0l\u1ee3i su\u1ea5t \u0111\u00e1o h\u1ea1n\u00a0(YTM)<\/i> \u0111\u1ed1i v\u1edbi d\u00f2ng ti\u1ec1n c\u00f3 r\u1ee7i ro ch\u1ee7 quy\u1ec1n.<\/p>\n

C\u00e1c kho\u1ea3n thanh to\u00e1n l\u1ee3i t\u1ee9c 6 th\u00e1ng m\u1ed9t l\u1ea7n c\u1ee7a tr\u00e1i phi\u1ebfu Brady \u0111\u01b0\u1ee3c th\u1ebf ch\u1ea5p b\u1eb1ng c\u00e1c ch\u1ee9ng kho\u00e1n th\u1ecb tr\u01b0\u1eddng ti\u1ec1n t\u1ec7.\u00a0<\/p>\n

Kho\u1ea3n thanh to\u00e1n g\u1ed1c t\u1ea1i ng\u00e0y \u0111\u00e1o h\u1ea1n c\u1ee7a tr\u00e1i phi\u1ebfu Brady \u0111\u01b0\u1ee3c th\u1ebf ch\u1ea5p b\u1eb1ng c\u00e1c tr\u00e1i phi\u1ebfu kh\u00f4ng tr\u1ea3 l\u00e3i ph\u00e1t h\u00e0nh b\u1edfi Kho b\u1ea1c nh\u00e0 n\u01b0\u1edbc.\u00a0<\/p>\n

\u0110\u1ea7u t\u01b0 v\u00e0o tr\u00e1i phi\u1ebfu Brady l\u00e0 m\u1ed9t chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 hi\u1ec7u qu\u1ea3 c\u00f3 s\u1ef1 k\u1ebft h\u1ee3p c\u1ee7a c\u00e1c c\u00f4ng c\u1ee5 t\u00e0i ch\u00ednh \u0111\u01b0\u1ee3c \u0111\u00e1nh gi\u00e1 cao tr\u00ean th\u1ecb tr\u01b0\u1eddng ti\u1ec1n t\u1ec7, c\u1ee5 th\u1ec3 l\u00e0 tr\u00e1i phi\u1ebfu kh\u00f4ng tr\u1ea3 l\u00e3i v\u00e0 d\u00f2ng ti\u1ec1n thanh to\u00e1n l\u00e3i su\u1ea5t t\u1eeb tr\u00e1i phi\u1ebfu ch\u00ednh ph\u1ee7.\u00a0<\/i><\/p>\n

B\u1eb1ng c\u00e1ch lo\u1ea1i b\u1ecf c\u00e1c l\u00e3i su\u1ea5t b\u1ed5 sung, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 x\u00e1c \u0111\u1ecbnh so s\u00e1nh c\u00e1c c\u00f4ng c\u1ee5 n\u1ee3 v\u00e0 ch\u1ee9ng kho\u00e1n c\u00f3 th\u1ec3 chuy\u1ec3n \u0111\u1ed5i v\u00e0 kh\u00f4ng chuy\u1ec3n \u0111\u1ed5i.\u00a0<\/p>\n

V\u00ed d\u1ee5: lo\u1ea1i b\u1ecf c\u00e1c l\u00e3i su\u1ea5t t\u00edch h\u1ee3p v\u00e0 l\u00e3i su\u1ea5t b\u1ea3o \u0111\u1ea3m g\u1ed1c trong tr\u00e1i phi\u1ebfu Brady cho ph\u00e9p c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 x\u00e1c \u0111\u1ecbnh r\u1ee7i ro ch\u1ee7 quy\u1ec1n c\u1ee7a tr\u00e1i phi\u1ebfu \u0111\u1ec3 \u0111\u00e1nh gi\u00e1 kh\u1ea3 n\u0103ng v\u1ee1 n\u1ee3 c\u1ee7a qu\u1ed1c gia ph\u00e1t h\u00e0nh.\u00a0<\/p>\n

L\u1ee3i su\u1ea5t tr\u1eeb l\u00e3i c\u1ee7a\u00a0Tr\u00e1i phi\u1ebfu Brady\u00a0<\/font><\/h3>\n

X\u00e1c \u0111\u1ecbnh l\u1ee3i su\u1ea5t tr\u1eeb l\u00e3i<\/b> c\u0169ng r\u1ea5t c\u00f3 \u00edch trong vi\u1ec7c \u0111\u00e1nh gi\u00e1 c\u00e1c ch\u1ee9ng kho\u00e1n n\u1ee3 hi\u1ec7n c\u00f3 tr\u00ean th\u1ecb tr\u01b0\u1eddng, nh\u1ea5t l\u00e0 c\u00e1c ch\u1ee9ng kho\u00e1n n\u1ee3 c\u00f3 \u0111i k\u00e8m c\u00e1c quy\u1ec1n ch\u1ecdn b\u00e1n, l\u1ee3i su\u1ea5t coupon t\u0103ng d\u1ea7n v\u00e0 c\u00e1c t\u00ednh n\u0103ng t\u01b0\u01a1ng t\u1ef1. \u00a0<\/p>\n

L\u1ee3i su\u1ea5t tr\u1eeb l\u00e3i \u0111\u01b0\u1ee3c t\u00ednh b\u1eb1ng c\u00e1ch tr\u1eeb \u0111i th\u00e0nh ph\u1ea7n th\u1ebf ch\u1ea5p c\u1ee7a tr\u00e1i phi\u1ebfu.\u00a0<\/i><\/p>\n

\u0110\u1ec3 t\u00ednh l\u1ee3i su\u1ea5t tr\u1eeb l\u00e3i, b\u01b0\u1edbc \u0111\u1ea7u ti\u00ean c\u1ea7n \u0111\u1ecbnh gi\u00e1 ph\u1ea7n g\u1ed1c c\u1ee7a tr\u00e1i phi\u1ebfu Brady theo gi\u00e1 tr\u1ecb c\u1ee7a tr\u00e1i phi\u1ebfu kh\u00f4ng tr\u1ea3 l\u00e3i su\u1ea5t c\u1ee7a Kho b\u1ea1c nh\u00e0 n\u01b0\u1edbc v\u1edbi th\u1eddi gian \u0111\u00e1o h\u1ea1n t\u01b0\u01a1ng t\u1ef1, b\u1eb1ng c\u00e1ch chi\u1ebft kh\u1ea5u gi\u00e1 tr\u1ecb d\u00f2ng ti\u1ec1n k\u00ed qu\u0129 theo l\u1ee3i su\u1ea5t c\u1ee7a tr\u00e1i phi\u1ebfu Kho b\u1ea1c.\u00a0<\/p>\n

L\u1ea5y gi\u00e1 tr\u00e1i phi\u1ebfu Brady tr\u1eeb \u0111i k\u1ebft qu\u1ea3 tr\u00ean \u0111\u1ec3 t\u00ecm ra d\u00f2ng ti\u1ec1n tr\u00e1i phi\u1ebfu ch\u00ednh ph\u1ee7 v\u00e0 s\u1eed d\u1ee5ng gi\u00e1 \u0111\u1ec3 t\u00ednh l\u00e3i su\u1ea5t kh\u00f4ng t\u1eeb l\u00e3i. \u00a0\u00a0<\/p>\n

S\u1ef1 kh\u00e1c bi\u1ec7t gi\u1eefa l\u1ee3i su\u1ea5t tr\u1eeb l\u00e3i v\u00e0 l\u1ee3i su\u1ea5t c\u1ee7a Kho b\u1ea1c \u0111\u01b0\u1ee3c g\u1ecdi l\u00e0 ch\u00eanh l\u1ec7ch l\u1ee3i su\u1ea5t tr\u1eeb l\u00e3i.\u00a0<\/p>\n

L\u1ee3i su\u1ea5t tr\u1eeb l\u00e3i \u0111\u01b0\u1ee3c xem l\u00e0 m\u1ed9t ch\u1ec9 b\u00e1o t\u1ed1t h\u01a1n c\u00e1c ch\u00eanh l\u1ec7ch l\u1ee3i su\u1ea5t \u0111\u00e1o h\u1ea1n c\u1ee7a Kho b\u1ea1c nh\u00e0 n\u01b0\u1edbc \u0111\u1ec3 x\u00e1c \u0111\u1ecbnh uy t\u00edn nh\u00e0 ph\u00e1t h\u00e0nh tr\u00e1i phi\u1ebfu Brady. \u00a0\u00a0<\/p>\n

L\u1ee3i su\u1ea5t tr\u1eeb l\u00e3i trong C\u1ed5 phi\u1ebfu \u01b0u \u0111\u00e3i\u00a0<\/font><\/h3>\n

C\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0\u00a0\u0111\u1ea7u t\u01b0 v\u00e0o c\u1ed5 phi\u1ebfu \u01b0u \u0111\u00e3i c\u00f3 c\u00e1c d\u00f2ng c\u1ed5 t\u1ee9c \u0111\u01b0\u1ee3c t\u00edch l\u0169y. S\u1ed1 l\u00e3i thu \u0111\u01b0\u1ee3c k\u1ec3 t\u1eeb ng\u00e0y tr\u1ea3 c\u1ed5 t\u1ee9c cu\u1ed1i c\u00f9ng \u0111\u1ebfn ng\u00e0y c\u1ed5 phi\u1ebfu c\u1ed5 phi\u1ebfu \u01b0u \u0111\u00e3i \u0111\u01b0\u1ee3c mua l\u1ea1i l\u00e0 c\u1ed5 t\u1ee9c t\u00edch l\u0169y.\u00a0<\/p>\n

V\u00ed d\u1ee5: m\u1ed9t c\u1ed5 phi\u1ebfu \u01b0u \u0111\u00e3i \u0111ang giao d\u1ecbch v\u1edbi gi\u00e1 40$ v\u00e0 tr\u1ea3 5% c\u1ed5 t\u1ee9c. S\u1ed1 ti\u1ec1n c\u1ed5 t\u1ee9c \u0111\u01b0\u1ee3c tr\u1ea3 l\u00e0 5% x 40$ = 2$ tr\u00ean m\u1ed7i c\u1ed5 phi\u1ebfu m\u1ed7i n\u0103m.\u00a0<\/p>\n

M\u1ed9t nh\u00e0 \u0111\u1ea7u t\u01b0 mua c\u1ed5 phi\u1ebfu t\u1ea1i th\u1eddi \u0111i\u1ec3m c\u00e1ch l\u1ea7n tr\u1ea3 c\u1ed5 t\u1ee9c cu\u1ed1i c\u00f9ng l\u00e0 90 ng\u00e0y. C\u1ed5 t\u1ee9c t\u00edch l\u0169y l\u00e0 2$ \/365 x 90 = 0,49$. \u00a0\u00a0<\/p>\n

\u0110\u1ec3 t\u00ecm gi\u00e1 c\u1ee7a ph\u1ea7n n\u1ee3 thu\u1ea7n c\u1ee7a c\u1ed5 phi\u1ebfu \u01b0u \u0111\u00e3i n\u00e0y, tr\u1eeb c\u1ed5 t\u1ee9c t\u00edch l\u0169y v\u1edbi gi\u00e1 th\u1ecb tr\u01b0\u1eddng. Hay n\u00f3i c\u00e1ch kh\u00e1c, s\u1ed1 c\u1ed5 t\u1ee9c b\u1ecb tr\u1eeb ra kh\u1ecfi c\u1ed5 ph\u1ea7n \u01b0u \u0111\u00e3i, t\u00e1ch bi\u1ec7t quy\u1ec1n s\u1edf h\u1eefu c\u1ed5 phi\u1ebfu v\u00e0 t\u1ea5t c\u1ea3 c\u1ed5 t\u1ee9c tr\u00ean c\u1ed5 phi\u1ebfu ch\u01b0a tr\u1ea3 \u0111\u01b0\u1ee3c. Trong v\u00ed d\u1ee5 n\u00e0y, gi\u00e1 tr\u1eeb l\u00e3i \u00a0c\u1ee7a c\u1ed5 phi\u1ebfu \u01b0u \u0111\u00e3i l\u00e0 40$ \u00a0– 0,49$ \u00a0= 39,51$. \u00a0\u00a0<\/p>\n

L\u1ee3i su\u1ea5t tr\u1eeb l\u00e3i<\/b> b\u1eb1ng ph\u1ea7n c\u1ed5 t\u1ee9c h\u00e0ng n\u0103m c\u1ee7a c\u1ed5 phi\u1ebfu \u01b0u \u0111\u00e3i chia cho gi\u00e1 tr\u1eeb l\u00e3i, b\u1eb1ng 2$ \/ 39,51$ \u00a0= 5,06%.\u00a0 \u00a0<\/p>\n

(Theo Investopedia<\/i>)<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

\n L\u1ee3i su\u1ea5t tr\u1eeb l\u00e3i (ti\u1ebfng Anh: Stripped Yield) l\u00e0 ph\u1ea7n l\u1ee3i nhu\u1eadn \u0111\u1ed9c l\u1eadp, kh\u00f4ng \u0111\u01b0\u1ee3c th\u1ebf ch\u1ea5p c\u1ee7a tr\u00e1i phi\u1ebfu ho\u1eb7c ch\u1ee9ng quy\u1ec1n sau khi tr\u1eeb \u0111i c\u00e1c \u01b0u \u0111\u00e3i v\u00e0 t\u00ednh n\u0103ng ti\u1ec1n t\u1ec7.\n <\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[417],"tags":[],"_links":{"self":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/30631"}],"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=30631"}],"version-history":[{"count":0,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/30631\/revisions"}],"wp:attachment":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/media?parent=30631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/categories?post=30631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/tags?post=30631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}