{"id":131,"date":"2026-10-03T11:49:05","date_gmt":"2026-10-03T10:49:05","guid":{"rendered":"https:\/\/wpcalc.com\/tr\/tahvil-bugunku-degeri\/"},"modified":"2026-10-03T11:49:05","modified_gmt":"2026-10-03T10:49:05","slug":"tahvil-bugunku-degeri","status":"publish","type":"post","link":"https:\/\/wpcalc.com\/tr\/finans\/tahvil-bugunku-degeri\/","title":{"rendered":"Tahvilin Bug\u00fcnk\u00fc De\u011feri Hesaplama Arac\u0131"},"content":{"rendered":"<section class=\"not-prose calculator-box\" aria-labelledby=\"calculator-title\"><div class=\"flex items-baseline sm:items-center justify-between gap-2 sm:gap-3\"><div class=\"flex flex-col sm:flex-row sm:items-center gap-2\"><span class=\"icon icon-calculator text-primary-700! text-base! dark:text-primary-300!\" aria-hidden=\"true\"><\/span><h2 id=\"calculator-title\" class=\"text-lg font-display font-bold\">Tahvilin Bug\u00fcnk\u00fc De\u011ferini Hesaplay\u0131n<\/h2><\/div><div class=\"calcdash-favorite group\">\n  <button type=\"button\" class=\"favorite\" id=\"favorite\" data-favorite-id=\"131\" data-favorite-title=\"Tahvilin Bug\u00fcnk\u00fc De\u011feri\" data-favorite-url=\"https:\/\/wpcalc.com\/tr\/finans\/tahvil-bugunku-degeri\/\" data-favorite-excerpt=\"Tahvilin d\u00f6nem ba\u015f\u0131na kupon \u00f6demesini, piyasa faiz oran\u0131n\u0131, kalan d\u00f6nem say\u0131s\u0131n\u0131 ve itfa (nominal) de\u011ferini girerek tahvilin adil bug\u00fcnk\u00fc de\u011ferini tahmin edin. Gelecekteki kuponlar\u0131n ve vade \u00f6demesinin bug\u00fcnk\u00fc paraya nas\u0131l iskonto edildi\u011fini g\u00f6r\u00fcn.\" aria-label=\"Favorilere ekle\" data-favorite-icon=\"icon icon-rate-up\">\n    <span class=\"icon icon-shape-star-empty\" aria-hidden=\"true\"><\/span>\n  <\/button>\n  <div class=\"calcdash-favorite__tip\" aria-hidden=\"true\">\n   <span class=\"favorite-tooltip\" id=\"favorite-tooltip\"><\/span>\n  <\/div>\n  <span class=\"sr-only\" role=\"status\" id=\"favorite-status\"><\/span>\n<\/div><\/div><form action=\"https:\/\/wpcalc.com\/tr\/finans\/tahvil-bugunku-degeri\/\" method=\"POST\" class=\"calculator\" id=\"calculator-131\" data-post=\"131\"><fieldset class=\"fieldset-input\"><legend class=\"sr-only\">Giri\u015f alanlar\u0131<\/legend><div class=\"field has-term\" id=\"input-1\"><label for=\"field-1\">D\u00f6nem Ba\u015f\u0131na Kupon \u00d6demesi<\/label><div class=\"term\">C<\/div>  <div class=\"absolute bottom-0 left-16 top-8 w-2 h-0.5 bg-blue-500\"><\/div><input type=\"text\" name=\"dnem_bana_kupon_demesi\" id=\"field-1\" aria-describedby=\"calc-unit-1 calc-info-1\" data-number inputmode=\"decimal\" autocomplete=\"off\" spellcheck=\"false\" min=\"0\" value=\"50\"\/><div class=\"unit\" id=\"calc-unit-1\">$<\/div><small id=\"calc-info-1\">Her d\u00f6nem kupon olarak \u00f6denen tutar\u0131 girin<\/small><\/div><div class=\"field has-term\" id=\"input-2\"><label for=\"field-2\">Piyasa Faiz Oran\u0131 (%)<\/label><div class=\"term\">r<\/div>  <div class=\"absolute bottom-0 left-16 top-8 w-2 h-0.5 bg-blue-500\"><\/div><input type=\"text\" name=\"piyasa_faiz_oran_\" id=\"field-2\" aria-describedby=\"calc-unit-2 calc-info-2\" data-number inputmode=\"decimal\" autocomplete=\"off\" spellcheck=\"false\" min=\"0\" value=\"5\"\/><div class=\"unit\" id=\"calc-unit-2\">%<\/div><small id=\"calc-info-2\">Y\u0131ll\u0131k piyasa faiz oran\u0131n\u0131 (iskonto oran\u0131n\u0131) girin<\/small><\/div><div class=\"field has-term\" id=\"input-3\"><label for=\"field-3\">D\u00f6nem Say\u0131s\u0131<\/label><div class=\"term\">n<\/div>  <div class=\"absolute bottom-0 left-16 top-8 w-2 h-0.5 bg-blue-500\"><\/div><input type=\"text\" name=\"dnem_says\" id=\"field-3\" aria-describedby=\"calc-info-3\" data-number inputmode=\"decimal\" autocomplete=\"off\" spellcheck=\"false\" min=\"1\" value=\"10\"\/><small id=\"calc-info-3\">Kalan \u00f6deme d\u00f6nemi say\u0131s\u0131n\u0131 girin<\/small><\/div><div class=\"field has-term\" id=\"input-4\"><label for=\"field-4\">Tahvilin Nominal De\u011feri<\/label><div class=\"term\">F<\/div>  <div class=\"absolute bottom-0 left-16 top-8 w-2 h-0.5 bg-blue-500\"><\/div><input type=\"text\" name=\"tahvilin_nominal_deeri\" id=\"field-4\" aria-describedby=\"calc-unit-4 calc-info-4\" data-number inputmode=\"decimal\" autocomplete=\"off\" spellcheck=\"false\" min=\"0\" value=\"1000\"\/><div class=\"unit\" id=\"calc-unit-4\">$<\/div><small id=\"calc-info-4\">Tahvilin nominal de\u011ferini girin (vade sonundaki itfa de\u011feri)<\/small><\/div><\/fieldset><div class=\"buttons\"><button type=\"submit\" data-text=\"Yeniden hesapla\" id=\"calculate-button\" data-post=\"131\">Hesapla<\/button><button type=\"reset\">S\u0131f\u0131rla<\/button><\/div><div class=\"field is-checkbox hidden!\" id=\"field-auto-calc\"><input type=\"checkbox\" id=\"auto-calc\"><label for=\"auto-calc\">Otomatik hesapla<\/label><small>Etkinle\u015ftirilirse, herhangi bir de\u011feri de\u011fi\u015ftirdi\u011finizde sonu\u00e7 otomatik olarak g\u00fcncellenir.<\/small><\/div><div class=\"fieldset-result is-hidden\" aria-labelledby=\"result-title\" aria-live=\"polite\" role=\"region\"> <h3 class=\"result-title bg-gradient-to-r from-primary-50 to-gray-50 dark:from-primary-900 dark:to-gray-800\" id=\"result-title\"><span class=\"icon icon-s-pulse\" aria-hidden=\"true\"><\/span> Sonu\u00e7lar\u0131n\u0131z<\/h3><div class=\"result-box\"><div class=\"field-result\" id=\"output-1\"><span class=\"field-title\"><span>Tahvilin Bug\u00fcnk\u00fc De\u011feri<\/span><\/span><span class=\"field-value\" id=\"result-1\" data-unit=\"$\"><\/span><button type=\"button\" class=\"copy-result\" data-tooltip=\"Sonucu kopyala\" aria-label=\"Sonucu kopyala\"><span class=\"copy-icon icon icon-document-copy\" aria-hidden=\"true\"><\/span><\/button><\/div><\/div><div class=\"result-actions\"><button type=\"button\" class=\"copy-link\"><svg viewBox=\"0 0 20 20\" fill=\"currentColor\" aria-hidden=\"true\"><path d=\"M12.232 4.232a2.5 2.5 0 0 1 3.536 3.536l-1.225 1.224a.75.75 0 0 0 1.061 1.06l1.224-1.224a4 4 0 0 0-5.656-5.656l-3 3a4 4 0 0 0 .225 5.865.75.75 0 0 0 .977-1.138 2.5 2.5 0 0 1-.142-3.667l3-3Z\"\/><path d=\"M11.603 7.963a.75.75 0 0 0-.977 1.138 2.5 2.5 0 0 1 .142 3.667l-3 3a2.5 2.5 0 0 1-3.536-3.536l1.225-1.224a.75.75 0 0 0-1.061-1.06l-1.224 1.224a4 4 0 1 0 5.656 5.656l3-3a4 4 0 0 0-.225-5.865Z\"\/><\/svg><span class=\"copy-link__text\">Bu hesaplaman\u0131n ba\u011flant\u0131s\u0131n\u0131 kopyala<\/span><\/button><span class=\"sr-only\" role=\"status\" id=\"copy-link-status\"><\/span><\/div><\/div><a href=\"#respond\" class=\"hidden transition-opacity duration-300 opacity-0 w-50 text-sm justify-center items-center gap-2 px-4 py-2 rounded bg-gray-200 text-gray-700 hover:bg-gray-300\" id=\"leave-comment\"><span class=\"icon icon-comments\" aria-hidden=\"true\"><\/span>Yorum b\u0131rak<\/a><\/form><\/section><section id=\"calc-reactions\" class=\"not-prose hidden my-12 bg-gradient-to-r from-primary-50 to-gray-50 border border-indigo-100 rounded-xl px-6 py-4 shadow-sm\" data-post=\"131\" aria-live=\"polite\" aria-labelledby=\"calc-reactions-title\"><p id=\"calc-reactions-title\" class=\"text-sm text-gray-500 text-center mb-2\">Bu sonu\u00e7 hakk\u0131nda ne d\u00fc\u015f\u00fcn\u00fcyorsunuz?<\/p><div role=\"group\" aria-labelledby=\"calc-reactions-title\" class=\"grid grid-cols-3 sm:flex sm:flex-row sm:justify-around gap-4 sm:items-center sm:flex-wrap\"><button type=\"button\" aria-pressed=\"false\" class=\"reaction-btn flex flex-col items-center gap-1 text-sm text-gray-700 hover:text-primary-600 cursor-pointer transition-transform hover:scale-105\" data-reaction=\"like\"><span class=\"reaction-count\" data-reaction-count=\"like\">0<\/span><span class=\"reaction text-3xl\" aria-hidden=\"true\">\ud83d\ude00 <\/span><span class=\"reaction-description font-medium\">Be\u011fendim <\/span><\/button><button type=\"button\" aria-pressed=\"false\" class=\"reaction-btn flex flex-col items-center gap-1 text-sm text-gray-700 hover:text-primary-600 cursor-pointer transition-transform hover:scale-105\" data-reaction=\"helpful\"><span class=\"reaction-count\" data-reaction-count=\"helpful\">0<\/span><span class=\"reaction text-3xl\" aria-hidden=\"true\">\ud83d\udca1 <\/span><span class=\"reaction-description font-medium\">Faydal\u0131 <\/span><\/button><button type=\"button\" aria-pressed=\"false\" class=\"reaction-btn flex flex-col items-center gap-1 text-sm text-gray-700 hover:text-primary-600 cursor-pointer transition-transform hover:scale-105\" data-reaction=\"confused\"><span class=\"reaction-count\" data-reaction-count=\"confused\">0<\/span><span class=\"reaction text-3xl\" aria-hidden=\"true\">\ud83d\ude15 <\/span><span class=\"reaction-description font-medium\">Kafam kar\u0131\u015ft\u0131 <\/span><\/button><button type=\"button\" aria-pressed=\"false\" class=\"reaction-btn flex flex-col items-center gap-1 text-sm text-gray-700 hover:text-primary-600 cursor-pointer transition-transform hover:scale-105\" data-reaction=\"disappointed\"><span class=\"reaction-count\" data-reaction-count=\"disappointed\">0<\/span><span class=\"reaction text-3xl\" aria-hidden=\"true\">\ud83d\ude1e <\/span><span class=\"reaction-description font-medium\">Hayal k\u0131r\u0131kl\u0131\u011f\u0131 <\/span><\/button><button type=\"button\" aria-pressed=\"false\" class=\"reaction-btn flex flex-col items-center gap-1 text-sm text-gray-700 hover:text-primary-600 cursor-pointer transition-transform hover:scale-105\" data-reaction=\"inaccurate\"><span class=\"reaction-count\" data-reaction-count=\"inaccurate\">0<\/span><span class=\"reaction text-3xl\" aria-hidden=\"true\">\u274c <\/span><span class=\"reaction-description font-medium\">Hatal\u0131 <\/span><\/button><\/div><div id=\"reaction-message\" class=\"hidden mt-8 rounded-md border border-primary-100 bg-white\/50 backdrop-blur-sm px-4 py-2 text-sm text-center shadow-sm\"><\/div><\/section><div class=\"calcdash-ad not-prose calcdash-ad--calc_result calcdash-ad--in-article\"><ins class=\"adsbygoogle\" style=\"display:block\" data-ad-client=\"ca-pub-1721569815777345\" data-ad-slot=\"6317458308\" data-ad-layout=\"in-article\" data-ad-format=\"fluid\"><\/ins><script>(adsbygoogle = window.adsbygoogle || []).push({});<\/script><\/div>\n<style id=\"wpcoderpro-inline-1\">.formula-box {\r\n\tborder-bottom: none !important;\r\n}<\/style><section class=\"formula-box\" aria-labelledby=\"formula-title\">\r\n\t<div id=\"formula-title\" class=\"not-prose font-display mb-4\"><span class=\"icon icon-formula\" aria-hidden=\"true\"><\/span><h2>Tahvil Bug\u00fcnk\u00fc De\u011fer Form\u00fcl\u00fc<\/h2><\/div>\r\n\t<figure class=\"not-prose formula\">\r\n\t\t<figcaption class=\"formula-title\">Form\u00fcl<\/figcaption>\r\n\t\t<div class=\"text-base text-gray-800\" id=\"formula\">\n\\[ \\text{Tahvilin Bug\u00fcnk\u00fc De\u011feri} = C \\times \\frac{1 - (1 + r)^{-n}}{r} + \\frac{F}{(1 + r)^{n}} \\]\n<\/div>\r\n\t<\/figure>\r\n\t<\/p>\n<p><strong>Burada:<\/strong><\/p>\n<ul>\n<li>\\(C\\) \u2014 d\u00f6nem ba\u015f\u0131na kupon \u00f6demesi ($)<\/li>\n<li>\\(r\\) \u2014 d\u00f6nem ba\u015f\u0131na piyasa faiz oran\u0131, ondal\u0131k olarak (\u00f6r. %5 = 0,05)<\/li>\n<li>\\(n\\) \u2014 kalan \u00f6deme d\u00f6nemi say\u0131s\u0131<\/li>\n<li>\\(F\\) \u2014 vadesinde geri \u00f6denen itfa (nominal) de\u011fer ($)<\/li>\n<\/ul>\n<p>\u0130lk terim, t\u00fcm gelecekteki kupon \u00f6demelerinin bug\u00fcnk\u00fc de\u011feridir ve s\u0131radan ann\u00fcite (d\u00fczenli e\u015fit \u00f6deme serisi) olarak hesaplan\u0131r. \u0130kinci terim ise vadesinde geri \u00f6denecek itfa de\u011ferini bug\u00fcne iskonto eder. \u0130kisinin toplanmas\u0131 tahvilin teorik adil fiyat\u0131n\u0131 verir.<\/p>\n<p>\r\n<\/section>\n<style id=\"wpcoderpro-inline-2\">.calculation-box {\r\n\tborder-bottom: none !important;\r\n}<\/style><section id=\"calculation\" class=\"calculation-box\" aria-labelledby=\"calculation-title\">\r\n\t<div id=\"calculation-title\" class=\"not-prose font-display\"><span class=\"icon icon-unordered-list\" aria-hidden=\"true\"><\/span><h2>Tahvilin Bug\u00fcnk\u00fc De\u011feri \u2013 Hesaplama \u00d6rne\u011fi<\/h2><\/div>\r\n\r\n<\/p>\n<p><strong>\u00d6rnek:<\/strong> bir tahvil her d\u00f6nemde 50 $ kupon \u00f6d\u00fcyor, piyasa faiz oran\u0131 d\u00f6nem ba\u015f\u0131na %5, 10 d\u00f6nem kalm\u0131\u015f ve itfa de\u011feri 1.000 $.<\/p>\n<p>\\[ \\text{Kuponlar\u0131n bug\u00fcnk\u00fc de\u011feri} = 50 \\times \\frac{1 - (1.05)^{-10}}{0.05} = 50 \\times 7.7217 = 386.09 \\]<\/p>\n<p>\\[ \\text{\u0130tfa de\u011ferinin bug\u00fcnk\u00fc de\u011feri} = \\frac{1000}{(1.05)^{10}} = 613.91 \\]<\/p>\n<p>\\[ \\text{Tahvilin Bug\u00fcnk\u00fc De\u011feri} = 386.09 + 613.91 = 1000.00 \\]<\/p>\n<p><strong>Sonu\u00e7:<\/strong> tahvilin de\u011feri 1.000,00 $. Kupon oran\u0131 (itfa de\u011ferinin %5'i) piyasa oran\u0131na e\u015fit oldu\u011fu i\u00e7in tahvil tam olarak nominal de\u011feri \u00fczerinden (parite \u00fczerinden) i\u015flem g\u00f6r\u00fcr.<\/p>\n<p>\n\r\n<\/section>\n<h2>Tahvil Bug\u00fcnk\u00fc De\u011fer Hesaplama Arac\u0131 Nas\u0131l Kullan\u0131l\u0131r?<\/h2>\n<ol>\n<li><strong>D\u00f6nem Ba\u015f\u0131na Kupon \u00d6demesi<\/strong> girin \u2014 tahvilin her d\u00f6nem \u00f6dedi\u011fi dolar tutar\u0131 (\u00f6r. 1.000 $ itfa de\u011ferinde %5 y\u0131ll\u0131k kupon i\u00e7in 50 $).<\/li>\n<li><strong>Piyasa Faiz Oran\u0131 (%)<\/strong> girin \u2014 bir d\u00f6neme ait iskonto oran\u0131; kuponlar\u0131n \u00f6denme s\u0131kl\u0131\u011f\u0131yla uyumlu olmal\u0131d\u0131r.<\/li>\n<li><strong>D\u00f6nem Say\u0131s\u0131<\/strong> girin \u2014 vadeye kadar kalan kupon \u00f6demesi say\u0131s\u0131.<\/li>\n<li><strong>Tahvilin \u0130tfa De\u011feri<\/strong> girin \u2014 vadesinde geri \u00f6denecek nominal tutar.<\/li>\n<li><strong>Tahvilin Bug\u00fcnk\u00fc De\u011feri<\/strong> sonucunu okuyun \u2014 tahvilin dolar cinsinden tahmini adil fiyat\u0131.<\/li>\n<\/ol>\n<h2>Tahvilin Bug\u00fcnk\u00fc De\u011feri Nedir?<\/h2>\n<p>Bir tahvil, iki nakit ak\u0131\u015f\u0131 vaadidir: d\u00fczenli aral\u0131klarla sabit kupon \u00f6demeleri ve tahvil vadesinde tek seferlik itfa de\u011feri \u00f6demesi. Tahvilin bug\u00fcnk\u00fc de\u011feri basit bir soruyu yan\u0131tlar: bu gelecekteki nakit ak\u0131\u015flar\u0131 bug\u00fcn\u00fcn paras\u0131yla ne eder? On y\u0131l sonra al\u0131nan bir dolar, bug\u00fcnk\u00fc bir dolardan daha az \u015fey ald\u0131\u011f\u0131 i\u00e7in her \u00f6deme, toplanmadan \u00f6nce g\u00fcncel piyasa faiz oran\u0131yla iskonto edilir.<\/p>\n<p>Sonu\u00e7, tahvilin teorik adil fiyat\u0131d\u0131r. Piyasa oran\u0131 tahvilin kupon oran\u0131na e\u015fit oldu\u011funda, tahvil yukar\u0131daki \u00f6rnekteki gibi tam olarak itfa de\u011ferine e\u015fittir. Piyasa oran\u0131 kupon oran\u0131n\u0131n \u00fczerine \u00e7\u0131kt\u0131\u011f\u0131nda iskonto edilmi\u015f nakit ak\u0131\u015flar\u0131 k\u00fc\u00e7\u00fcl\u00fcr ve tahvilin de\u011feri nominalin alt\u0131na d\u00fc\u015fer \u2014 tahvil <em>iskontolu<\/em> (nominalin alt\u0131nda) i\u015flem g\u00f6r\u00fcr. Piyasa oran\u0131 kupon oran\u0131n\u0131n alt\u0131na indi\u011finde ise tahvil, itfa de\u011ferinden daha de\u011ferli hale gelir ve <em>primli<\/em> (nominalin \u00fczerinde) i\u015flem g\u00f6r\u00fcr.<\/p>\n<p>Faiz oranlar\u0131 ile tahvil fiyatlar\u0131 aras\u0131ndaki bu ters ili\u015fki, sabit getirili yat\u0131r\u0131m\u0131n temelidir. Elinizde %5 kuponlu bir tahvil varken yeni ihracatlar %6 \u00f6d\u00fcyorsa, tahvilinizin rekabet edebilmesi i\u00e7in ucuzlamas\u0131 gerekir; yeni ihracatlar %4 \u00f6d\u00fcyorsa, sabit %5'lik ak\u0131\u015f\u0131n\u0131z prim kazan\u0131r. Bir tahvilin bug\u00fcnk\u00fc de\u011ferini ger\u00e7ek piyasa fiyat\u0131yla kar\u015f\u0131la\u015ft\u0131rmak, g\u00fcncel oranlara g\u00f6re fiyat\u0131n\u0131n y\u00fcksek mi yoksa d\u00fc\u015f\u00fck m\u00fc g\u00f6r\u00fcnd\u00fc\u011f\u00fcn\u00fc s\u00f6yler.<\/p>\n<p>\u0130lgili bir \u00f6l\u00e7\u00fcm i\u00e7in <a href=\"https:\/\/wpcalc.com\/tr\/finans\/vadeye-kadar-getiri\/\">Vadeye Kadar Getiri hesaplama arac\u0131m\u0131z<\/a> ters y\u00f6nde \u00e7al\u0131\u015f\u0131r: tahvilin g\u00fcncel fiyat\u0131n\u0131n ima etti\u011fi getiri oran\u0131n\u0131 bulur. Ayn\u0131 iskonto mant\u0131\u011f\u0131, yat\u0131r\u0131m projelerini de\u011ferlendirmekte kullan\u0131lan <a href=\"https:\/\/wpcalc.com\/tr\/finans\/net-bugunku-deger\/\">Net Bug\u00fcnk\u00fc De\u011fer (NPV)<\/a> y\u00f6nteminin de temelidir.<\/p>\n<h2>Sonucun Yorumlanmas\u0131<\/h2>\n<ul>\n<li><strong>De\u011fer = itfa de\u011feri:<\/strong> kupon oran\u0131 piyasa oran\u0131na e\u015fit; tahvil parite \u00fczerinden i\u015flem g\u00f6r\u00fcr.<\/li>\n<li><strong>De\u011fer &gt; itfa de\u011feri:<\/strong> kupon oran\u0131 piyasa oran\u0131n\u0131 a\u015f\u0131yor; tahvil primli i\u015flem g\u00f6r\u00fcr.<\/li>\n<li><strong>De\u011fer &lt; itfa de\u011feri:<\/strong> kupon oran\u0131 piyasa oran\u0131n\u0131n alt\u0131nda; tahvil iskontolu i\u015flem g\u00f6r\u00fcr.<\/li>\n<\/ul>\n<p>H\u0131zl\u0131 bir duyarl\u0131l\u0131k testi: yukar\u0131daki \u00f6rnekte piyasa oran\u0131n\u0131 %5'ten %6'ya \u00e7\u0131karmak tahvilin de\u011ferini 1.000 $'dan yakla\u015f\u0131k 926,40 $'a d\u00fc\u015f\u00fcr\u00fcr; oran\u0131 %4'e indirmek ise yakla\u015f\u0131k 1.081,11 $'a y\u00fckseltir. Ayn\u0131 oran de\u011fi\u015fiminde daha uzun vadeli tahviller \u00e7ok daha fazla hareket eder; tahvilleri kar\u015f\u0131la\u015ft\u0131r\u0131rken vade ve duration'\u0131n bu y\u00fczden \u00f6nemi b\u00fcy\u00fckt\u00fcr.<\/p>\n<h2>Varsay\u0131mlar ve S\u0131n\u0131rlamalar<\/h2>\n<ul>\n<li><strong>Oran d\u00f6neme uygun olmal\u0131d\u0131r.<\/strong> Kuponlar alt\u0131 ayl\u0131k d\u00f6nemlerle \u00f6deniyorsa, alt\u0131 ayl\u0131k kuponu (y\u0131ll\u0131k kupon \u00f7 2), alt\u0131 ayl\u0131k oran\u0131 (y\u0131ll\u0131k oran \u00f7 2) ve y\u0131l say\u0131s\u0131n\u0131n iki kat\u0131n\u0131 girin. Y\u0131ll\u0131k ve alt\u0131 ayl\u0131k de\u011ferleri kar\u0131\u015ft\u0131rmak yanl\u0131\u015f sonu\u00e7 verir.<\/li>\n<li><strong>Kuponlar sabit ve kesin varsay\u0131l\u0131r.<\/strong> Form\u00fcl, bilinen bir \u00f6deme takvimi olan sabit kuponlu tahvillere uygundur; de\u011fi\u015fken faizli veya \u00e7a\u011fr\u0131labilir (geri al\u0131nabilir) tahviller daha ayr\u0131nt\u0131l\u0131 bir model gerektirir.<\/li>\n<li><strong>Temerr\u00fct ve kredi riski yok say\u0131l\u0131r.<\/strong> Sonu\u00e7, t\u00fcm \u00f6demelerin eksiksiz ve zaman\u0131nda yap\u0131laca\u011f\u0131n\u0131 varsayar. Riski daha y\u00fcksek ihracat\u00e7\u0131lar, telafi i\u00e7in daha y\u00fcksek bir orandan iskonto edilmelidir.<\/li>\n<li><strong>Vergiler, i\u015flem maliyetleri ve kuponlar\u0131n yeniden yat\u0131r\u0131m\u0131 dikkate al\u0131nmaz.<\/strong> Ger\u00e7ekle\u015fen getiriler teorik de\u011ferden farkl\u0131 olabilir.<\/li>\n<\/ul>\n<p>Yap\u0131s\u0131 farkl\u0131 iskonto problemleri i\u00e7in <a href=\"https:\/\/wpcalc.com\/tr\/finans\/surekli-bilesik-faizli-bugunku-deger\/\">S\u00fcrekli Bile\u015fik Faizle Bug\u00fcnk\u00fc De\u011fer hesaplama arac\u0131na<\/a> veya <a href=\"https:\/\/wpcalc.com\/tr\/finans\/iskonto-faizi\/\">\u0130skonto Faizi hesaplama arac\u0131na<\/a> bak\u0131n.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tahvilin d\u00f6nem ba\u015f\u0131na kupon \u00f6demesini, piyasa faiz oran\u0131n\u0131, kalan d\u00f6nem say\u0131s\u0131n\u0131 ve itfa (nominal) de\u011ferini girerek tahvilin adil bug\u00fcnk\u00fc de\u011ferini tahmin edin. Gelecekteki kuponlar\u0131n ve vade \u00f6demesinin bug\u00fcnk\u00fc paraya nas\u0131l iskonto edildi\u011fini g\u00f6r\u00fcn.<\/p>\n","protected":false},"author":3168,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[48],"class_list":["post-131","post","type-post","status-publish","format-standard","hentry","category-finans","tag-faiz"],"acf":[],"_links":{"self":[{"href":"https:\/\/wpcalc.com\/tr\/wp-json\/wp\/v2\/posts\/131","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wpcalc.com\/tr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wpcalc.com\/tr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wpcalc.com\/tr\/wp-json\/wp\/v2\/users\/3168"}],"replies":[{"embeddable":true,"href":"https:\/\/wpcalc.com\/tr\/wp-json\/wp\/v2\/comments?post=131"}],"version-history":[{"count":5,"href":"https:\/\/wpcalc.com\/tr\/wp-json\/wp\/v2\/posts\/131\/revisions"}],"predecessor-version":[{"id":3275,"href":"https:\/\/wpcalc.com\/tr\/wp-json\/wp\/v2\/posts\/131\/revisions\/3275"}],"wp:attachment":[{"href":"https:\/\/wpcalc.com\/tr\/wp-json\/wp\/v2\/media?parent=131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wpcalc.com\/tr\/wp-json\/wp\/v2\/categories?post=131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wpcalc.com\/tr\/wp-json\/wp\/v2\/tags?post=131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}