Portfolio

Period Rm Rf 1 2 3
1 10.00% 8.00% 9.00% 8.00% 12.00%
2 15.00% 8.00% 20.00% 15.00% 25.00%
3 14.00% 8.00% 15.00% 11.00% 10.00%
4 11.00% 8.00% 10.00% 7.00% 10.00%
5 25.00% 8.00% 21.00% 17.00% 25.00%
Rm Rf Rp1 Rp2 Rp3
Art 15.00% 8.00% 15.00% 11.60% 16.40%
Average
Geo 14.20% 8.00% 14.15% 10.95% 14.96%
Sample Std Dev 5.52% 4.34% 7.89%
beta 0.9187 0.7485 1.247
1 3 2
Art 1.2675 0.830278 1.064229
Geo RVAR 1.113355 0.679262 0.882142
Beta RVOL 0.076195 0.048096 0.067362
1 3 2
Cost (55,000.00)
Sewa 7,500.00
Expense 1,300.00
Harga jual 70,000.00
t 5
r 15.2942%
NPV 0.00
 Diketahui
TLKM
P0 4200 31-Dec-17
D0 400 31-Dec-16
Beta 1.2
Rf 7%
Rm-Rf 8%
D2023 4%
K 16.60%
tahun ROE DPR Retentation Growth D1 PV Dividend Dividend
1 2018 25.00% 50.00% 50.00% 12.500% 450.00 385.9348199 450.00
2 2019 15.00% 50.00% 50.00% 7.500% 483.75 355.8146924 483.75
3 2020 10.00% 60.00% 40.00% 4.000% 503.10 317.3647343 503.10
4 2021 7.00% 60.00% 40.00% 2.800% 517.19 279.8035564 517.19
5 2022 5.00% 50.00% 50.00% 2.500% 530.12 245.9679634 530.12
6 2023 4% 551.32 219.388235 4375.5645
6 Terminal Value 4% 4550.5871 1810.823527
3,615.10

Over/(under) 584.90247
 d 1,400.00

soal 3
PV Dividend Dividend PV Dividend
385.93482 450.00 385.93482
355.81469 483.75 355.81469
317.36473 503.10 317.36473
279.80356 517.19 279.80356
245.96796 530.12 245.96796
2030.2118 8,433.73 3913.1563

3,615.10 5498.0421