Valuing Employee Stock Options Part 4 pptx
Valuing Employee Stock Options Part 4 pptx
... 52.67% 46 .48 % 42 .56% 40 .60% 39.20% 38.21% 37.50% 37.15% 36.86% 36.63%
Forfeiture (40 .00%) 53. 24% 47 . 34% 43 . 64% 41 .80% 40 .49 % 39.57% 38.92% 38.60% 38. 34% 38. 14%
44
ccc_mun_ch 04_ 41-50.qxd 8/20/ 04 9:21 ... 50.52% 43 .31% 38.66% 36.29% 34. 57% 33.33% 32 .42 % 31.96% 31.59% 31.28%
Forfeiture (25.00%) 51.32% 44 .48 % 40 .09% 37.86% 36.25% 35.10% 34. 26% 33. 84% 33 .49...
Valuing Employee Stock Options Part 1 pptx
... METHODOLOGY
ccc_mun_ch01_3-10.qxd 8/20/ 04 9:19 AM Page 6
flast.qxd 8/30/ 04 4:58 PM Page xxii
ffirs.qxd 8/30/ 04 4:50 PM Page iii
Valuing Employee
Stock Options
ffirs.qxd 8/30/ 04 4:50 PM Page i
PART THREE
A Sample ... expensing of
employee stock options and would recuse myself from the philosophical
and sometimes emotional debate on whether employee stock options
s...
Valuing Employee Stock Options Part 3 pptx
... Change
0% $42 .15 $42 .41 $49 .07
1% $39. 94 –5. 24% $41 .47 –2.20% $47 .67 –2.86%
2% $37. 84 –5.27% $40 .55 –2.22% $46 .29 –2.89%
3% $35.83 –5.30% $39.65 –2. 24% $44 . 94 –2.92%
4% $33.92 –5.33% $38.75 –2.26% $43 .61 ... using 55% $71 .48 $71 .48 $71 .48 $71 .48 $71 .48
Average Rate
Forfeiture Modified $ 64. 34 $ 64. 34 $ 64. 34 $ 64. 34 $ 64. 34
BSM using 55%
Average Rate
Changing...
Valuing Employee Stock Options Part 5 doc
... (6.00) $43 .47 $43 .47 $43 .47 $43 .47 $43 .47 $43 .47 $43 .47 $43 .47 $43 .47 $43 .47 $43 .47 6
Years (7.00) $47 . 14 $47 . 14 $47 . 14 $47 . 14 $47 . 14 $47 . 14 $47 . 14 $47 . 14 $47 . 14 $47 . 14 $47 . 14 7
Years (8.00) $50 .48 ... 3
Years (4. 00) $ 34. 91 $ 34. 91 $ 34. 91 $ 34. 91 $ 34. 91 $ 34. 91 $ 34. 91 $ 34. 91 $ 34. 91 $ 34. 91 $ 34. 91 4
(a) Years (5.00) $39 .43 $39...
Valuing Employee Stock Options Part 7 docx
... )
()
()
σ
σ
σ
σ
σ
σ
σ
22
22
22
22
σσ
T
77
ccc_mun_ch07_77-82.qxd 8/20/ 04 9:23 AM Page 77
PART
Two
Technical Background
of the Binomial Lattice
and Black-Scholes Models
ccc_mun_pt2_75-76.qxd 8/20/ 04 9:22 AM Page 75
different asset-evolution ... Double, D2 As Double
D1 = (Log (Stock / Strike) + (Riskfree + 0.5 * Volatility ^ 2 ) * Time) /
(Volatility * Sqr(Time))
D2 = D1...
Valuing Employee Stock Options Part 8 doc
... $ 34. 02 $ 34. 02 $ 34. 02 $ 34. 02 $ 34. 02 $ 34. 02 $ 34. 02 $ 34. 02
Customized Binomial $22.60 $21 .45 $20 .40 $19 .44 $18.56 $17.75 $16.99 $15.63
(Inside Forfeiture)
Customized Binomial $22.60 $22. 04 $21 .47 ... $12.3360)
ccc_mun_ch08_83-118.qxd 8/20/ 04 9: 24 AM Page 103
hold or execute the option. It is preposterous to say that all employees
granted stock options in a large cor...
Valuing Employee Stock Options Part 9 ppsx
... 95/$125 = 0.76 LN ($ 95/$125) = –0.2 744
3 $105 $105/$ 95 = 1.11 LN ($105/$ 95) = 0.1001
4 $155 $155/$105 = 1 .48 LN ($155/$105) = 0.3895
5 $ 146 $ 146 /$155 = 0. 94 LN ($ 146 /$155) = –0.0598
The volatility ... estimate the underlying
stock s volatility; LEAPS are long-term stock options, and when time
passes such that there are six months or so remaining, LEAPS revert to reg-
ular...
Valuing Employee Stock Options Part 10 pdf
... 3 .43 % 4. 01% 4. 84% 4. 75% 5.27% 4. 99% 5.31% 5.63%
2/3/20 04 1.27% 2.29% 3.35% 3.95% 4. 78% 4. 72% 5.25% 4. 94% 5.26% 5.58%
2 /4/ 20 04 1.27% 2.33% 3.37% 3.99% 4. 83% 4. 72% 5. 24% 4. 96% 5.28% 5.60%
2/5/20 04 ... 1.29% 2 .41 % 3.51% 4. 03% 4. 85% 4. 75% 5.26% 5.01% 5.33% 5.65%
2/6/20 04 1.26% 2.28% 3. 34% 3.96% 4. 80% 4. 66% 5.17% 4. 94% 5.27% 5.60%
2/9/20 04 1.25% 2....
Valuing Employee Stock Options Part 11 pdf
... –36. 14% –35 .49 % – 34. 95% – 34. 50%
48 . 24% 45 .00% 43 .07% 41 .50% 40 .65% –39. 94% –39.35% –38.86% –38 .47 %
–51.03% 48 .07% 46 .32% 44 .89% 44 .13% 43 .48 % 42 .95% 42 .52% 42 .16%
–30 .46 %
– 34. 13%
–37.60%
40 .87%
43 .96%
46 .88%
49 .65%
–52.26%
– 54. 73%
MATURITY ... $ 4. 46 $4. 51 $4. 53 $4. 55 $4. 56 $4. 57
Forfeiture (25%) $ 4. 27 $4. 32 $4. 34 $4. 36 $4. 37 $4. 37
Forfe...
Tài liệu Insight into IELTS part 4 pptx
... antibiotics
from microbes found either
inside the intestines of the
amber-encased insects or in soil
particles trapped with them
when they were caught by
sticky tree resin up to 130
million years ago. ... to find out how (3) the antibiotics will be.
Microbes that seem to have the characteristics of (4) diseases will have
to be killed.
It is thought that a (5) molecule could lead to a whole se...
Từ khóa: