Pembahasan Ujian PAI: A40 – No. 3 – Mei 2011

• Par Value : Rp10.000
• Book Value of par value : Rp9.421
• Bond Interest income : 8% per tahun yang dibayar per semesteran
• Waktu jatuh tempo : 3.5 tahun
• Effective interest rate : 10%

Sebab obligasi dibayarkan per semester maka:

• Periode pembayaran = 3,5 x 2 = 7 periode pembayaran
• Bond interest payment per semesteran (interest at Stated Rate)  = par value x Bond Interest income x (1/2)
• Interest at Efffective Rate = Beginning Book Value x Effective interest rate x (1/2)
• Amortization Amount = Interest at Efffective Rate – interest at Stated Rate
• Adjusted Book Value = Beginning Book Value + Amortization Amount

^[1] Mulligan, E. and Stone, G. (1997). Accounting and financial reporting in life and health insurance companies. Atlanta, Ga.: Life Management Institute, LOMA.