{"id":31015,"date":"2023-12-07T10:15:04","date_gmt":"2023-12-07T10:15:04","guid":{"rendered":"https:\/\/masterskills.org\/blog\/ti-suat-loi-nhuan-cua-mot-khoan-dau-tu-la-gi-ban-chat-va-cho-vi-du.html"},"modified":"2023-12-23T07:24:37","modified_gmt":"2023-12-23T00:24:37","slug":"ti-suat-loi-nhuan-cua-mot-khoan-dau-tu-la-gi-ban-chat-va-cho-vi-du","status":"publish","type":"post","link":"https:\/\/masterskills.org\/blog\/ti-suat-loi-nhuan-cua-mot-khoan-dau-tu-la-gi-ban-chat-va-cho-vi-du.html","title":{"rendered":"T\u1ec9 su\u1ea5t l\u1ee3i nhu\u1eadn c\u1ee7a m\u1ed9t kho\u1ea3n \u0111\u1ea7u t\u01b0 l\u00e0 g\u00ec? B\u1ea3n ch\u1ea5t v\u00e0 cho v\u00ed d\u1ee5"},"content":{"rendered":"<div class=\"vnbcbc-body vceditor-content wi-active\" data-role=\"content\">\n<div class=\"VCSortableInPreviewMode\">\n<div><\/div>\n<div class=\"PhotoCMS_Caption\">\n<p>H\u00ecnh minh h\u1ecda<\/p>\n<\/div>\n<\/div>\n<h2><font style=\"line-height: 22px;font-size: 22px\" color=\"#3d85c6\">T\u1ec9 su\u1ea5t l\u1ee3i nhu\u1eadn c\u1ee7a m\u1ed9t kho\u1ea3n \u0111\u1ea7u t\u01b0<\/font><\/h2>\n<p><b>\u0110\u1ecbnh ngh\u0129a<\/b><\/p>\n<p><b>T\u1ec9 su\u1ea5t l\u1ee3i nhu\u1eadn c\u1ee7a m\u1ed9t kho\u1ea3n \u0111\u1ea7u t\u01b0<\/b> l\u00e0 t\u1ec9 l\u1ec7 ph\u1ea7n tr\u0103m gi\u1eefa thu nh\u1eadp (ti\u1ec1n l\u00e3i c\u1ed9ng ch\u00eanh l\u1ec7ch gi\u00e1 mua b\u00e1n) tr\u00ean s\u1ed1 ti\u1ec1n \u0111\u00e3 b\u1ecf ra \u0111\u1ec3 \u0111\u1ea7u t\u01b0 ho\u1eb7c cho vay \u0111\u1ea7u k\u00ec.<\/p>\n<h3><font style=\"line-height: 22px;font-size: 22px\" color=\"#3d85c6\">B\u1ea3n ch\u1ea5t<\/font><\/h3>\n<p>&#8211; \u0110\u1ed1i v\u1edbi v\u00ed d\u1ee5 v\u1ec1 m\u1ed9t m\u00f3n vay \u0111\u01a1n l\u00e3i su\u1ea5t 10%\/ n\u0103m tr\u1ea3 g\u1ed1c v\u00e0 l\u00e3i cu\u1ed1i k\u00ec, t\u1ec9 su\u1ea5t l\u1ee3i nhu\u1eadn v\u00e0 l\u00e3i su\u1ea5t ho\u00e0n v\u1ed1n b\u1eb1ng nhau. Tuy v\u1eady t\u1ec9 su\u1ea5t l\u1ee3i nhu\u1eadn kh\u00f4ng nh\u1ea5t thi\u1ebft ph\u1ea3i b\u1eb1ng l\u00e3i su\u1ea5t ho\u00e0n v\u1ed1n.<\/p>\n<p>&#8211; Khi th\u1eddi h\u1ea1n \u0111\u1ea7u t\u01b0 b\u1eb1ng v\u1edbi k\u00ec h\u1ea1n c\u1ee7a tr\u00e1i phi\u1ebfu th\u00ec t\u1ec9 su\u1ea5t l\u1ee3i nhu\u1eadn s\u1ebd b\u1eb1ng l\u00e3i su\u1ea5t ho\u00e0n v\u1ed1n. N\u1ebfu k\u00ec h\u1ea1n \u0111\u1ea7u t\u01b0 kh\u00e1c v\u1edbi k\u00ec h\u1ea1n c\u1ee7a tr\u00e1i phi\u1ebfu th\u00ec t\u1ec9 su\u1ea5t l\u1ee3i nhu\u1eadn s\u1ebd kh\u00e1c v\u1edbi l\u00e3i su\u1ea5t ho\u00e0n v\u1ed1n do c\u00f3 s\u1ef1 ch\u00eanh l\u1ec7ch gi\u1eefa gi\u00e1 b\u00e1n v\u00e0 gi\u00e1 mua ch\u1ee9ng kho\u00e1n.<\/p>\n<p>&#8211; \u0110\u1ed1i v\u1edbi c\u00e1c lo\u1ea1i tr\u00e1i phi\u1ebfu d\u00e0i h\u1ea1n (30 n\u0103m, tr\u00e1i phi\u1ebfu v\u0129nh c\u1eedu ho\u1eb7c c\u1ed5 phi\u1ebfu kh\u00f4ng c\u00f3 ng\u00e0y \u0111\u00e1o h\u1ea1n c\u1ee5 th\u1ec3) nh\u00e0 \u0111\u1ea7u t\u01b0 s\u1ebd \u00edt khi gi\u1eef c\u00e1c ch\u1ee9ng kho\u00e1n \u0111\u1ebfn h\u1ea1n ho\u1eb7c m\u00e3i m\u00e3i do v\u1eady l\u00e3i su\u1ea5t ho\u00e0n v\u1ed1n s\u1ebd kh\u00f4ng ph\u1ea3n \u00e1nh \u0111\u00fang t\u1ec9 l\u1ec7 l\u1ee3i nhu\u1eadn t\u1eeb vi\u1ec7c n\u1eafm gi\u1eef ch\u1ee9ng kho\u00e1n. \u0110i\u1ec1u quan tr\u1ecdng h\u01a1n l\u00e0 h\u1ecd quan t\u00e2m t\u1edbi t\u1ec9 su\u1ea5t l\u1ee3i nhu\u1eadn tr\u00ean s\u1ed1 v\u1ed1n b\u1ecf ra \u0111\u1ea7u t\u01b0, khi \u0111\u00f3 ta s\u1ebd ph\u1ea3i t\u00ednh t\u1ec9 su\u1ea5t l\u1ee3i nhu\u1eadn theo c\u00f4ng th\u1ee9c sau \u0111\u00e2y:<\/p>\n<p style=\"text-align: center\"><b>R = (P<sub>t+1<\/sub> &#8211; P<sub>t<\/sub> +C)\/ P<sub>t<\/sub> x100%<\/b><\/p>\n<p>Trong \u0111\u00f3:\u00a0<\/p>\n<p>P<sub>t+1<\/sub>, P<sub>t<\/sub> l\u00e0 gi\u00e1 ch\u1ee9ng kho\u00e1n \u1edf th\u1eddi \u0111i\u1ec3m l\u1ea7n l\u01b0\u1ee3t l\u00e0 t+1 v\u00e0 t<\/p>\n<p>C l\u00e0 kho\u1ea3n thu nh\u1eadp b\u1eb1ng ti\u1ec1n do n\u1eafm gi\u1eef ch\u1ee9ng kho\u00e1n trong th\u1eddi gian t\u1eeb t \u0111\u1ebfn t+1.<\/p>\n<h3><font style=\"line-height: 22px;font-size: 22px\" color=\"#3d85c6\">V\u00ed d\u1ee5<\/font><\/h3>\n<p>V\u00ed d\u1ee5 n\u1ebfu \u0111\u1ea7u n\u0103m m\u1ed9t ng\u01b0\u1eddi mua tr\u00e1i phi\u1ebfu v\u1edbi gi\u00e1 95.000 \u0111\u1ed3ng, m\u1ec7nh gi\u00e1 100.000 \u0111\u1ed3ng v\u00e0 l\u00e3i su\u1ea5t coupon 10%, gi\u1eef n\u00f3 m\u1ed9t n\u0103m r\u1ed3i b\u00e1n \u0111i v\u1edbi gi\u00e1 100.000 \u0111\u1ed3ng, t\u1ec9 su\u1ea5t l\u1ee3i nhu\u1eadn c\u1ee7a kho\u1ea3n \u0111\u1ea7u t\u01b0 n\u00e0y trong m\u1ed9t n\u0103m l\u00e0:<\/p>\n<p>C = 100.000 x 10% x 1 = 10.000 \u0111\u1ed3ng<\/p>\n<p>R = (P<sub>t+1<\/sub>\u00a0&#8211; P<sub>t<\/sub>\u00a0+C)\/ P<sub>t<\/sub>\u00a0x100% = (100.000 &#8211; 95.000 + 10.000)\/95.000 x 100% = 15,79%<\/p>\n<p>V\u00ed d\u1ee5 v\u1ec1 \u0111\u1ea7u t\u01b0 c\u1ed5 phi\u1ebfu: Gi\u1ea3 s\u1eed m\u1ed9t nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u1ea7u n\u0103m mua c\u1ed5 phi\u1ebfu ACC v\u1edbi gi\u00e1 35.000 \u0111\u1ed3ng\/ c\u1ed5 phi\u1ebfu, c\u1ed5 t\u1ee9c tr\u1ea3 cho n\u0103m \u0111\u00f3 l\u00e0 30% (c\u1ed5 t\u1ee9c t\u00ednh tr\u00ean m\u1ec7nh gi\u00e1 c\u1ed5 phi\u1ebfu l\u00e0 10.000 \u0111\u1ed3ng), cu\u1ed1i n\u0103m gi\u00e1 c\u1ed5 phi\u1ebfu l\u00e0 38.000 \u0111\u1ed3ng\/ c\u1ed5 phi\u1ebfu.<\/p>\n<p>Nh\u01b0 v\u1eady t\u1ec9 su\u1ea5t l\u1ee3i nhu\u1eadn t\u1eeb vi\u1ec7c mua c\u1ed5 phi\u1ebfu ACC l\u00e0:<\/p>\n<p>R = (P<sub>t+1<\/sub>\u00a0&#8211; P<sub>t<\/sub>\u00a0+C)\/ P<sub>t<\/sub>\u00a0x100% = (38.000 &#8211; 35.000 + 3.000)\/100% = 17,14%<\/p>\n<p><b>K\u1ebft lu\u1eadn:<\/b><\/p>\n<p><i>T\u1ec9 su\u1ea5t l\u1ee3i nhu\u1eadn<\/i> l\u00e0 c\u00e1ch t\u00ednh l\u00e3i su\u1ea5t th\u01b0\u1eddng xuy\u00ean nh\u1ea5t \u0111\u1ed1i v\u1edbi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 tr\u00ean th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n.<\/p>\n<p><i>(T\u00e0i li\u1ec7u tham kh\u1ea3o: Gi\u00e1o tr\u00ecnh L\u00ed thuy\u1ebft T\u00e0i ch\u00ednh ti\u1ec1n t\u1ec7, NXB \u0110\u1ea1i h\u1ecdc Kinh t\u1ebf Qu\u1ed1c d\u00e2n)<\/i><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<div class=\"vnbcbc-sapo\" data-role=\"sapo\">\n                            T\u1ec9 su\u1ea5t l\u1ee3i nhu\u1eadn c\u1ee7a m\u1ed9t kho\u1ea3n \u0111\u1ea7u t\u01b0 l\u00e0 t\u1ec9 l\u1ec7 ph\u1ea7n tr\u0103m gi\u1eefa thu nh\u1eadp (ti\u1ec1n l\u00e3i c\u1ed9ng ch\u00eanh l\u1ec7ch gi\u00e1 mua b\u00e1n) tr\u00ean s\u1ed1 ti\u1ec1n \u0111\u00e3 b\u1ecf ra \u0111\u1ec3 \u0111\u1ea7u t\u01b0 ho\u1eb7c cho vay \u0111\u1ea7u k\u00ec.\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\/31015"}],"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=31015"}],"version-history":[{"count":0,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/31015\/revisions"}],"wp:attachment":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/media?parent=31015"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/categories?post=31015"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/tags?post=31015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}