Pembahasan Ujian PAI: A40 – No. 4 – 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 \(= {\rm{ }}3,5{\rm{ }}x{\rm{ }}2{\rm{ }} = {\rm{ }}7\) periode pembayaran
• Bond interest payment per semesteran (interest at Stated Rate) = Par value x Bond interest income x \(\frac{1}{2}\)
• Interest at Effective Rate = Beginning book value x Effective interest rate x \(\frac{1}{2}\)
• Amortization Amount = Interest at Effective 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.