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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
a Mont« of M.434 lalardelp Tina IW osnos debt Baud (lama iNdvlaub.h Ica% and Lamm). Offux. Madan asal Deana vin Cbramt.. (Samna %Taiwan Mmtmect c Numeaute<inamesn and Mesta nf Persu4nd 0~n~ (latimamt*Nelm Manna »<mils groan. Minin 4 l'oxyad °mom an.1 Make .4 'Inflame (hamntet N4«..~. Gamma »min. Il
2 mentions1 same-page
Page ?Same page
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
a Mont« of M.434 lalardelp Tina IW osnos debt Baud (lama iNdvlaub.h Ica% and Lamm). Offux. Madan asal Deana vin Cbramt.. (Samna %Taiwan Mmtmect c Numeaute<inamesn and Mesta nf Persu4nd 0~n~ (latimamt*Nelm Manna »<mils groan. Minin 4 l'oxyad °mom an.1 Make .4 'Inflame (hamntet N4«..~. Gamma »min. Il
2 mentions1 same-page
Page ?Same page
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
a Mont« of M.434 lalardelp Tina IW osnos debt Baud (lama iNdvlaub.h Ica% and Lamm). Offux. Madan asal Deana vin Cbramt.. (Samna %Taiwan Mmtmect c Numeaute<inamesn and Mesta nf Persu4nd 0~n~ (latimamt*Nelm Manna »<mils groan. Minin 4 l'oxyad °mom an.1 Make .4 'Inflame (hamntet N4«..~. Gamma »min. Il
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