| This thesis examines the performance of Corporate Bonds which is analyzed by Sharpe Method during period of 2005, 2006 and 2007. The Corporate Bonds being analyzed are 18 bonds from Bank Negara Indonesia, Bank Tabungan Negara, Bank Ekspor Indonesia, Bumi Serpong Damai, Indofood Sukses Makmur, Indomobil Finance Indonesia, Indonesian Satellite Corporation, Indosiar Visual Mandiri, Jasa Marga, Maspion, Mayora Indah, Medco Energi Internasional, PAM Lyonnaise Jaya, Perusahaan Listrik Negara, Rajawali Citra Televisi Indonesia, Surya Citra Televisi, Swadharma Indotama Finance and Unggul Indah Cahaya. Besides using Sharpe Method, the analysis also uses Current Yield and Yield to Maturity. The examination result shows that the Corporate Bonds which have high Current Yield and Yield to Maturity apparently have high risk too. This is caused by the high Current Yield and Yield to Maturity, mainly caused by high coupon rate and low bond market price, where those two things indicate how high the risk of bond. The result also shows that Corporate Bonds that have high Current Yield and Yield to Maturity also have high performance based on Sharpe Method. Although the method has estimated the risk, however the amount of the risk on several bonds are obviously not giving impact so significantly on Sharpe Index estimation, that the high return from the bond cause Sharpe Index obtained is high too. |