ANALISIS GEJOLAK HARGA OBLIGASI PEMERINTAH YANG DI PERDAGANGKAN DI BURSA EFEK INDONESIA

Lubiq, Aro’ul Malikal (2010) ANALISIS GEJOLAK HARGA OBLIGASI PEMERINTAH YANG DI PERDAGANGKAN DI BURSA EFEK INDONESIA. Other thesis, University of Muhammadiyah Malang.

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Abstract

Investment is a commitment of some amount of fund or the other resource which is done at this time in purpose to get some profit in the near future. Obligation instrument is an alternative of flexible investment product also really prospective in its development in the near future. Investment in obligation also have risk, obligation investment risk is a risk should be acknowledged and learned before an investor took decision to invest. Usage of duration method is needed for an investor to find out volatility of obligation’s price. The research aimed to find out the shifted price of govenrment obligation. Population in this research were 9 govenrment obligations listed in Indonesia Stock Exchange in 2008-2009. Sampling was done by purpossive sampling. This samples were 4 government obligation fulfilled certain criterias. Data analysis used was Macaulay duration method and Modification duration method to find out the difference of obligation price if the result change. Duration analysis result from 2008-2009 found that Macaulay duration and government obligation modification duration in 2009 showed shifted price. According to data analysis result, there found that government obligation had Macaulay Duration result 3,413865142 year, average of modification duration was 3,2622085 year. Comparison of average Macaulay Duration and government obligation modification in period 2009-2011 concluded that government obligation (ORI) in 2011 showing shifted value with Macaulay duration value 4,047264946 year and modification duration for 3,777371735 year. Result found that Macaulay duration level or government obligation modification showed shifted obligation price. It could be found by average of Macaulay duration and modification duration along 2008-2009. It showed that retail government obligation shifted.

Item Type: Thesis (Other)
Subjects: H Social Sciences > H Social Sciences (General)
Divisions: Faculty of Economic > Department of Management
Depositing User: Rayi Tegar Pamungkas
Date Deposited: 09 May 2012 02:21
Last Modified: 09 May 2012 02:21
URI: http://eprints.umm.ac.id/id/eprint/4757

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