8/12/2019 Evaluation and Pricing

1/5

MRHO]HWN@FW@Y W\@ A@UMZ3

8/12/2019 Evaluation and Pricing

2/5

W`p tw` a`xms3N w`uog gmbnfntmoy auy 89%N w`uog pr`ahaoy auy =

8/12/2019 Evaluation and Pricing

3/5

8/12/2019 Evaluation and Pricing

4/5

Q``b dhtrnxZtr`fl p`sntnvm str`fl

`sntnvm dmgnud

Fmlhtnvm wmhkZtr`fl fmlhtnvm

Wer`ule `ur E@X dhtrnx, wm jhf b`ufg teht tem j`fvmfnmfjm, Rhrnty,hfg sduglm brmm hrm `ur hgvhfthlm hfg temsm just`dmr httrnautms jhf hos`trhfsohtm nft` tmjefnjho spmjnbnjhtn`fs mhsnoy. Aut wm fmmg t` ndpr`vmsndponjnty `b `ur fmw pr`gujt nf `rgmr t` j`fvmrt t` mflnfmmrnfljehrhjtmrnstnjs mbbmjtnvmoy.

Z` `ur fmw mymonfmr ehs supmrn`rnty nf tem j`fvmfnmfjm, vhrnmty, hfgsduglm brmm, amjhusm d`st `b mflnfmmrnfl jehrhjtmrnstnjs hrm f`t dutuhooymxjousnvm. Aut wm stnoo ehvm t` ahohfjm tem wmnlet `b sthdp tnp, jehflmhaomtnp, hfg rmd`vmr. Ht tem shdm tndm, ter`ule tem jmftrho lrng, wm jhfngmftnby tem sduglm brmm wnoo hbbmjt tem mym dhkmup rmd`vmr fmlhtnvmoy.Amjhusm `ur fmw mym onfmr ehs str`fl nfk. @avn`usoy, nt fmmg rmqunrm d`rmj``pmrhtn`f amtwmmf dhrkmtnfl hfg tmjefnjho pmrs`ffmo.

8/12/2019 Evaluation and Pricing

5/5

YQNJNFL ZWQHWML^

\m hskmg 29 just`dmrs t` suadnt smhomg angs b`r `ur fmw mymonfmr. Wemghth ehs ammf se`wf teht tens dmte`g monjnts tem wnoonflfmss-t`-phydmhsurms br`d tem just`dmrs. D`rm tehf 29% just`dmrs whft t` phyenlemr tehf 1=,999. \m jhf temf jhojuohtm tem pr`cmjtmg pr`bnts br`djehrlnfl hfy prnjm ter`ule tem b`oo`w b`rduoh3 Yr`bnts 4 ( Y -j ) x X (Y )]snfl tem b`rduoh, wm jhf jhojuohtm tem pr`bnts b`r dhfy jhfgnghtm prnjms.

Hs se`wf, dhxndnzms pr`bnt ns 8,979,999. Z` `ur prnjm `b fmw mymonfmr ns :9,999.