Epstein Secrets

L I WTAS LLC IS EFTA00307413 WTAS ALIPNCOM - COMMON EQUITY VALUATION REPORT As of June 20, 2011 INTEREST RATES According to the December 2010 Livingston Survey, the interest rate on three-month Treasury bills is expected to increase from 0.2% in December 2010 to 0.4% by December 2011, before further increas

e the risk-free rate, as Treasury securities are generally viewed by investors as having virtually no default risk. • Equity risk premium ("ERP", Rm — Re. The ERP represents the difference between the expected return on the market portfolio (km) and the risk-free rate (Re. This excess return compensa

L I WTAS LLC IS EFTA00307312 WTAS ALIPNCOM - COMMON EQUITY VALUATION REPORT As of June 20, 2011 INTEREST RATES According to the December 2010 Livingston Survey, the interest rate on three-month Treasury bills is expected to increase from 0.2% in December 2010 to 0.4% by December 2011, before further increas

e the risk-free rate, as Treasury securities are generally viewed by investors as having virtually no default risk. • Equity risk premium ("ERP", Rm — Re. The ERP represents the difference between the expected return on the market portfolio (km) and the risk-free rate (Re. This excess return compensa

L I WTAS LLC IS EFTA00307211 WTAS ALIPNCOM - COMMON EQUITY VALUATION REPORT As of June 20, 2011 INTEREST RATES According to the December 2010 Livingston Survey, the interest rate on three-month Treasury bills is expected to increase from 0.2% in December 2010 to 0.4% by December 2011, before further increas

e the risk-free rate, as Treasury securities are generally viewed by investors as having virtually no default risk. • Equity risk premium ("ERP", Rm — Re. The ERP represents the difference between the expected return on the market portfolio (km) and the risk-free rate (Re. This excess return compensa