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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
20 2011 Guideline Company Ratios Ratios Min Max Motorola Mobility Iloldinm. Inc. Koss Corp. Nokia Corporation GN Store Nord Research In Pinninin" Inc" Motion Limited Neinar Inc LogItteb International SA Ticker Fiscal year end Revenue CAGRs. 3.Year MM1 December 31 KOSS June 30 NOKI
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
20 2011 Guideline Company Ratios Ratios Min Max Motorola Mobility Iloldinm. Inc. Koss Corp. Nokia Corporation GN Store Nord Research In Pinninin" Inc" Motion Limited Neinar Inc LogItteb International SA Ticker Fiscal year end Revenue CAGRs. 3.Year MM1 December 31 KOSS June 30 NOKI
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
20 2011 Guideline Company Ratios Ratios Min Max Motorola Mobility Iloldinm. Inc. Koss Corp. Nokia Corporation GN Store Nord Research In Pinninin" Inc" Motion Limited Neinar Inc LogItteb International SA Ticker Fiscal year end Revenue CAGRs. 3.Year MM1 December 31 KOSS June 30 NOKI
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