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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
.•. MAAN of AMIOnsrans9 Omes& Onwrnse Chwrops mi *abt ot linstong Perm.» Gohnh.< D/non. Ouumse dempapson< .9snebx ad »aan idNetrumany Ic enpahte Assuorsseehlrnnes Orrmana Ment« .410001340, Vooruit'« Duohm. Mitst.« of Cetrpossun ConnistoneINifitss o4. 114914/064 Chystos Goalmee C4enweet Mus< <003003 Mluee4E
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
.•. MAAN of AMIOnsrans9 Omes& Onwrnse Chwrops mi *abt ot linstong Perm.» Gohnh.< D/non. Ouumse dempapson< .9snebx ad »aan idNetrumany Ic enpahte Assuorsseehlrnnes Orrmana Ment« .410001340, Vooruit'« Duohm. Mitst.« of Cetrpossun ConnistoneINifitss o4. 114914/064 Chystos Goalmee C4enweet Mus< <003003 Mluee4E
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
.•. MAAN of AMIOnsrans9 Omes& Onwrnse Chwrops mi *abt ot linstong Perm.» Gohnh.< D/non. Ouumse dempapson< .9snebx ad »aan idNetrumany Ic enpahte Assuorsseehlrnnes Orrmana Ment« .410001340, Vooruit'« Duohm. Mitst.« of Cetrpossun ConnistoneINifitss o4. 114914/064 Chystos Goalmee C4enweet Mus< <003003 Mluee4E
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