Versión de HTML Básico
Luis Chavez-Bedoya
Analítika, Revista de análisis estadístico, (2016), Vol. 11
102
Tabla 22
:
P´erdida porcentual de riqueza terminal esperada debido a comisi´on por saldo, 1
−
θ
CS
, con
θ
CS
definido en (37)
cuando
δ
= 1
,
50 % anual. Se han considerado diferentes horizontes de aportaci´on en a˜nos (
T
), los escenarios de rentabilidad
de la Secci´on 3.1.1, y los perfiles de aportes de la Tabla 15 (adem´as de el perfil
E
que consiste en aportes reales iguales). La
densidad de cotizaci´on est´a determinada por la Tabla 16
Moderado
(
r
M
= 5
,
00
% real anual)
Agresivo
(
r
A
= 7
,
30
% real anual)
Conservador
(
r
C
= 2
,
20
% real anual)
T
(a˜nos)
M/SU M/U H/SU H/U E M/SU M/U H/SU H/U E M/SU M/U H/SU H/U E
5
3.7 3.7 3.7 3.8 3.8
3.7 3.7 3.7 3.8 3.8
3.7 3.7 3.7 3.8 3.8
7
5.3 5.4 5.2 5.4 5.5
5.3 5.4 5.3 5.5 5.5
5.3 5.3 5.2 5.4 5.4
9
6.8 6.9 6.8 7.0 7.1
7.0 7.1 6.9 7.1 7.2
6.7 6.8 6.6 6.9 6.9
11
8.3 8.4 8.2 8.6 8.7
8.6 8.7 8.5 8.8 9.0
8.1 8.2 8.0 8.3 8.4
13
9.8 10.0 9.7 10.1 10.3
10.3 10.4 10.1 10.5 10.8
9.4 9.6 9.3 9.7 9.9
15
11.3 11.5 11.2 11.6 12.0
11.9 12.1 11.8 12.2 12.5
10.8 10.9 10.6 11.0 11.4
17
12.8 12.9 12.6 13.1 13.6
13.6 13.7 13.4 13.9 14.3
12.0 12.2 11.9 12.3 12.8
19
14.3 14.4 14.1 14.6 15.2
15.3 15.4 15.1 15.6 16.2
13.3 13.4 13.1 13.6 14.2
21
15.7 15.8 15.5 16.0 16.8
16.9 17.0 16.7 17.2 18.0
14.5 14.6 14.3 14.8 15.6
23
17.2 17.2 16.9 17.4 18.4
18.6 18.6 18.4 18.8 19.7
15.7 15.7 15.5 16.0 16.9
25
18.6 18.6 18.3 18.8 19.9
20.3 20.2 20.0 20.5 21.5
16.9 16.8 16.6 17.1 18.2
27
20.0 19.9 19.7 20.2 21.5
21.9 21.9 21.7 22.1 23.3
18.0 17.9 17.8 18.2 19.6
29
21.4 21.3 21.2 21.5 23.1
23.6 23.5 23.4 23.7 25.1
19.2 19.0 18.9 19.2 20.9
31
22.9 22.7 22.6 22.9 24.7
25.3 25.2 25.1 25.4 26.9
20.3 20.1 20.1 20.3 22.2
33
24.3 24.1 24.1 24.2 26.3
27.0 26.9 26.8 27.0 28.8
21.5 21.2 21.2 21.3 23.5
35
25.8 25.5 25.6 25.6 27.9
28.7 28.6 28.5 28.6 30.6
22.6 22.3 22.4 22.3 24.8
37
27.2 26.9 27.0 26.9 29.5
30.4 30.2 30.2 30.2 32.4
23.7 23.3 23.5 23.2 26.1
39
28.6 28.3 28.4 28.2 31.1
32.1 31.9 31.9 31.8 34.1
24.8 24.3 24.6 24.2 27.4
41
30.0 29.6 29.9 29.4 32.7
33.7 33.5 33.5 33.3 35.9
25.8 25.3 25.7 25.1 28.6
43
31.4 31.0 31.3 30.6 34.2
35.3 35.1 35.2 34.8 37.6
26.9 26.3 26.8 25.9 29.9
45
32.7 32.2 32.6 31.8 35.8
36.9 36.6 36.7 36.3 39.3
27.9 27.2 27.8 26.7 31.1
Fuente:
Elaboraci´on propia
59