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OMMON EQUITY VALUATION REPORT As of June 20, 2011 Cost of Equity — Capital Asset Pricing Model To estimate The Company's cost of equity financing, the Capital Asset Pricing Model ("CAPM") was utilized. The CAPM measures the return required by investors given a company's risk profile. This model is expressed arithmetically by
013.2019 (6•yr) 15.1% CAGR. 2011.2019 (8471 27.1% Iteamns.lite no, ('heck CtlideillIC Collipan> Indications CAGRs CAGRs 2010.2013 2007.2012 Nlotow!., soluticins. Inc. nmf nmf Motorola Mobility Holding:. lac. 11.5% -8-3% Koss Corp. NA NA Nokia Corporation 1.8% -30% GN Store Nand A/S
OMMON EQUITY VALUATION REPORT As of June 20, 2011 Cost of Equity — Capital Asset Pricing Model To estimate The Company's cost of equity financing, the Capital Asset Pricing Model ("CAPM") was utilized. The CAPM measures the return required by investors given a company's risk profile. This model is expressed arithmetically by
013.2019 (6•yr) 15.1% CAGR. 2011.2019 (8471 27.1% Iteamns.lite no, ('heck CtlideillIC Collipan> Indications CAGRs CAGRs 2010.2013 2007.2012 Nlotow!., soluticins. Inc. nmf nmf Motorola Mobility Holding:. lac. 11.5% -8-3% Koss Corp. NA NA Nokia Corporation 1.8% -30% GN Store Nand A/S
OMMON EQUITY VALUATION REPORT As of June 20, 2011 Cost of Equity — Capital Asset Pricing Model To estimate The Company's cost of equity financing, the Capital Asset Pricing Model ("CAPM") was utilized. The CAPM measures the return required by investors given a company's risk profile. This model is expressed arithmetically by
013.2019 (6•yr) 15.1% CAGR. 2011.2019 (8471 27.1% Iteamns.lite no, ('heck CtlideillIC Collipan> Indications CAGRs CAGRs 2010.2013 2007.2012 Nlotow!., soluticins. Inc. nmf nmf Motorola Mobility Holding:. lac. 11.5% -8-3% Koss Corp. NA NA Nokia Corporation 1.8% -30% GN Store Nand A/S
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