% 35.6 22/06/2007 124.14 20% 29.2 31/10/2011 75.35 -50% 52.3 Abs avg 43% 37.7 Stdev 20% 16.7 20/12/2014 116.00 43% 38.6 San Ammo. Gant &bombe. Memo UP IFair value contestable, overshoot is not 160 150 140 130 120 110 100 90 80 70 • 60 • REER (2005*100) — — — Polynomial trend (