Zhiqiang Zhao Econ 135 Student ID: 861216347 12/5/2015 DEC 2006-JUNE2009 JULY 2009-DEC 2014 S&P 500 VZ S&P 500 VZ Price at the beginning of period 1438.24 37.24 987.48 32.07 price at the end of period 919.32 30.73 2058.9 46.78 the annualized rate of return -0.179016 -0.076858 0.293908 0.151014 Table 2. Overview of returns and asset values A. Market Capitalization ($ millions) 133571341 129823325 B. Equity from 10-K balance sheet ($ millions) 95,416 85,533 Tobin's Q (A/B) 1399.8841 1517.8156 Return on Assets 9% 5% Return on Equity 25% 12% Leverage ratio (Liabilities / equity) 1.8726629 1.6331591 Table 3. Fosl Holding Period Returns, 2007 to 2014 2006 2007 2008 2009 2010 2011 2012 2013 2014 Annual Dividends $ 1.65 $ 1.90 $ 1.86 $ 3.68 $ 1.96 $ 2.02 $ 2.08 $ 2.14 Share Price, End of Year $37.24 $43.69 $33.90 $33.13 $35.78 $40.12 $43.27 $49.14 $46.78 Holding Period Return 21.74% -18.06% 3.20% 19.10% 17.61% 12.87% 18.36% -0.45% S&P 500 Total Return Index, Annual % Return 3.5% -38.5% 23.5% 12.8% 0.0% 13.4% 29.6% 11.4% Dividend Yield 3.7651636530098426E-2 5.5989380530973451E-2 5.5991548445517653E-2 0.10276103968697597 4.8915752741774676E-2 4.6568061012248689E-2 4.2226292226292234E-2 4.5746045318512188E-2 WRDSPERMNONames DateCompany NameDividend Cash AmountPrice or Bid/Ask AverageShares OutstandingCumulative Factor to Adjust PricesCumulative Factor to Adjust Shares/Vol_SPXDNames DateS&P500VZ6587529/12/2006VERIZON COMMUNICATIONS INC37.2429195151.06998311418.329/12/200611DEC 2006-JUNE2009JULY 2009-DEC 20146587531/01/2007VERIZON COMMUNICATIONS INC0.40538.5229120001.06998311438.2431/01/20071.01512261391.0343716434S&P 500VZS&P 500VZ6587528/02/2007VERIZON COMMUNICATIONS INC37.429120001.06998311406.8228/02/20070.99526560631.0042964554Price at the beginning of period1438.2437.24987.4832.076587530/03/2007VERIZON COMMUNICATIONS INC37.9229098941.06998311420.8630/03/20071.00639943641.0182599356price at the end of period919.3230.732058.946.786587530/04/2007VERIZON COMMUNICATIONS INC0.40538.1829098941.06998311482.3730/04/20071.05097592551.0252416756the annualized rate of return-0.1790164626-0.07685763050.29390835810.1510138996587531/05/2007VERIZON COMMUNICATIONS INC43.5329033641.06998311530.6231/05/20071.08765260991.16890440396587529/06/2007VERIZON COMMUNICATIONS INC41.1729033641.06998311503.3529/06/20071.0695841511.1055316864$million201320126587531/07/2007VERIZON COMMUNICATIONS INC0.40542.6229025401.06998311455.2731/07/20071.03642052391.1444683136net income23,54710,5576587531/08/2007VERIZON COMMUNICATIONS INC41.8829025401.06998311473.9931/08/20071.05195482431.1245972073Total Assets274,098225,2226587528/09/2007VERIZON COMMUNICATIONS INC44.2829025401.06998311526.7528/09/20071.09129832171.1890440387Total Equity95,41685,5336587531/10/2007VERIZON COMMUNICATIONS INC0.4346.0728903271.06998311549.3831/10/20071.10865776511.2371106337Table 2. Overvie.

1. Zhiqiang Zhao
Econ 135
Student ID: 861216347
12/5/2015
DEC 2006-JUNE2009
JULY 2009-DEC 2014
S&P 500
VZ
S&P 500
VZ
Price at the beginning of period
1438.24
37.24
987.48

2. 32.07
price at the end of period
919.32
30.73
2058.9
46.78
the annualized rate of return
-0.179016
-0.076858
0.293908
0.151014
Table 2. Overview of returns and asset values
A. Market Capitalization ($ millions)
133571341
129823325
B. Equity from 10-K balance sheet ($ millions)
95,416
85,533
Tobin's Q (A/B)
1399.8841
1517.8156
Return on Assets
9%
5%
Return on Equity
25%
12%

3. Leverage ratio (Liabilities / equity)
1.8726629
1.6331591
Table 3. Fosl Holding Period Returns, 2007 to 2014
2006
2007
2008
2009
2010
2011
2012
2013
2014
Annual Dividends
$ 1.65
$ 1.90
$ 1.86
$ 3.68
$ 1.96
$ 2.02
$ 2.08
$ 2.14
Share Price, End of Year
$37.24
$43.69
$33.90
$33.13
$35.78
$40.12
$43.27

4. $49.14
$46.78
Holding Period Return
21.74%
-18.06%
3.20%
19.10%
17.61%
12.87%
18.36%
-0.45%
S&P 500 Total Return Index, Annual % Return
3.5%
-38.5%
23.5%
12.8%
0.0%
13.4%
29.6%
11.4%

5. Dividend Yield 3.7651636530098426E-2
5.5989380530973451E-2 5.5991548445517653E-2
0.10276103968697597 4.8915752741774676E-2
4.6568061012248689E-2 4.2226292226292234E-2
4.5746045318512188E-2
WRDSPERMNONames DateCompany NameDividend Cash
AmountPrice or Bid/Ask AverageShares OutstandingCumulative
Factor to Adjust PricesCumulative Factor to Adjust
Shares/Vol_SPXDNames
DateS&P500VZ6587529/12/2006VERIZON
COMMUNICATIONS
INC37.2429195151.06998311418.329/12/200611DEC 2006-
JUNE2009JULY 2009-DEC 20146587531/01/2007VERIZON
COMMUNICATIONS
INC0.40538.5229120001.06998311438.2431/01/20071.0151226
1391.0343716434S&P 500VZS&P
500VZ6587528/02/2007VERIZON COMMUNICATIONS
INC37.429120001.06998311406.8228/02/20070.99526560631.0
042964554Price at the beginning of
period1438.2437.24987.4832.076587530/03/2007VERIZON
COMMUNICATIONS
INC37.9229098941.06998311420.8630/03/20071.00639943641.
0182599356price at the end of
period919.3230.732058.946.786587530/04/2007VERIZON
COMMUNICATIONS
INC0.40538.1829098941.06998311482.3730/04/20071.0509759
2551.0252416756the annualized rate of return-0.1790164626-
0.07685763050.29390835810.1510138996587531/05/2007VERI
ZON COMMUNICATIONS
INC43.5329033641.06998311530.6231/05/20071.08765260991.
16890440396587529/06/2007VERIZON COMMUNICATIONS
INC41.1729033641.06998311503.3529/06/20071.0695841511.1

6. 055316864$million201320126587531/07/2007VERIZON
COMMUNICATIONS
INC0.40542.6229025401.06998311455.2731/07/20071.0364205
2391.1444683136net
income23,54710,5576587531/08/2007VERIZON
COMMUNICATIONS
INC41.8829025401.06998311473.9931/08/20071.05195482431.
1245972073Total
Assets274,098225,2226587528/09/2007VERIZON
COMMUNICATIONS
INC44.2829025401.06998311526.7528/09/20071.09129832171.
1890440387Total
Equity95,41685,5336587531/10/2007VERIZON
COMMUNICATIONS
INC0.4346.0728903271.06998311549.3831/10/20071.10865776
511.2371106337Table 2. Overview of returns and asset values
6587530/11/2007VERIZON COMMUNICATIONS
INC43.2128903271.06998311481.1430/11/20071.06230645021.
160311493A. Market Capitalization ($
million)133571341.1129823324.896587531/12/2007VERIZON
COMMUNICATIONS
INC43.6928903271.06998311468.3631/12/20071.05493726361.
1732008593B. Equity from 10-K balance sheet ($
million)95,41685,5336587531/01/2008VERIZON
COMMUNICATIONS
INC0.4338.8328770001.06998311378.5531/01/20080.99166106
321.04269602586587529/02/2008VERIZON
COMMUNICATIONS
INC36.3228709551.06998311330.6329/02/20080.95944888910.
9752953813Tobin's Q
(A/B)1399.88409805481517.81563712256587531/03/2008VERI
ZON COMMUNICATIONS
INC36.4528600001.06998311322.731/03/20080.95530457930.9
7878625136587530/04/2008VERIZON COMMUNICATIONS
INC0.4338.4828506281.06580711385.5930/04/20081.00182971
741.0332975295Return on

7. Assets9%5%6587530/04/2008VERIZON COMMUNICATIONS
INC0.1480438.4828506281.06580711385.5930/04/20081.00182
9721.0332975295Return on
Equity25%12%6587530/05/2008VERIZON
COMMUNICATIONS
INC38.4728506281.06580711400.3830/05/20081.01480698771.
03302900116587530/06/2008VERIZON COMMUNICATIONS
INC35.428506281.0658071128030/06/20080.92925397850.9505
907626Leverage ratio (Liabilities /
equity)1.87266286581.63315913166587531/07/2008VERIZON
COMMUNICATIONS
INC0.4334.0428477321.06580711267.3831/07/20080.92144108
540.91407089156587529/08/2008VERIZON
COMMUNICATIONS
INC35.1228477321.06580711282.8329/08/20080.93477057630.
94307196566587530/09/2008VERIZON COMMUNICATIONS
INC32.0928477321.06580711166.3630/09/20080.8514772680.8
617078416587531/10/2008VERIZON COMMUNICATIONS
INC0.4629.6728404841.0658071968.7531/10/20080.708471133
90.7967239527Table 3. Fosl Holding Period Returns, 2007 to
20146587528/11/2008VERIZON COMMUNICATIONS
INC32.6528404841.0658071896.2428/11/20080.65763701150.8
767454352006200720082009201020112012201320146587531/1
2/2008VERIZON COMMUNICATIONS
INC33.928404841.0658071903.2531/12/20080.66463568040.91
0311493Annual Dividends$ 1.65$ 1.90$ 1.86$ 3.68$
1.96$ 2.02$ 2.08$ 2.146587530/01/2009VERIZON
COMMUNICATIONS
INC0.4629.8728404841.0658071825.8830/01/20090.608614309
30.802094522Share Price, End of
Year$37.24$43.69$33.90$33.13$35.78$40.12$43.27$49.14$46.7
86587527/02/2009VERIZON COMMUNICATIONS
INC28.5328405701.0658071735.0927/02/20090.54381029490.7
6611170786587531/03/2009VERIZON COMMUNICATIONS
INC30.228400001.0658071797.8731/03/20090.59144698620.81
09559613Holding Period Return21.74%-

8. 18.06%3.20%19.10%17.61%12.87%18.36%-
0.45%6587530/04/2009VERIZON COMMUNICATIONS
INC0.4630.3428410001.0658071872.8130/04/20090.648053866
90.8147153598S&P 500 Total Return Index, Annual %
Return3.5%-38.5%23.5%12.8%-
0.0%13.4%29.6%11.4%6587529/05/2009VERIZON
COMMUNICATIONS
INC29.2628405741.0658071919.1429/05/20090.68430056770.7
8571428576587530/06/2009VERIZON COMMUNICATIONS
INC30.7328405741.0658071919.3230/06/20090.68565913280.8
2518796996587531/07/2009VERIZON COMMUNICATIONS
INC0.4632.0728406131.0658071987.4831/07/20090.737517896
90.86117078416587531/08/2009VERIZON
COMMUNICATIONS
INC31.0428406131.06580711020.6231/08/20090.76414485870.
83351235236587530/09/2009VERIZON COMMUNICATIONS
INC30.2728406481.06580711057.0830/09/20090.79266100370.
8128356606200720082009201020112012201320146587530/10/
2009VERIZON COMMUNICATIONS
INC0.47529.5928406481.06580711036.1930/10/20090.7779363
5330.794575725the begin of
price38.5238.8329.8729.4235.6237.6643.6148.026587530/11/20
09VERIZON COMMUNICATIONS
INC31.4628406481.06580711095.6330/11/20090.82459872010.
8447905478the end of price
43.6933.933.1335.7840.1243.2749.1446.786587531/12/2009VE
RIZON COMMUNICATIONS
INC33.1328406481.06580711115.131/12/20090.84052183540.8
896348013annual rate of increase in the stock price13%-
13%11%22%13%15%13%-3%6587529/01/2010VERIZON
COMMUNICATIONS
INC0.47529.4228360001.06580711073.8729/01/20100.8102903
3040.79001074116587526/02/2010VERIZON
COMMUNICATIONS
INC28.9328357271.06580711104.4926/02/20100.83538947820.
77685284646587531/03/2010VERIZON COMMUNICATIONS

9. INC31.0228400001.06580711169.4331/03/20100.88580276560.
8329752954200720082009201020112012201320146587530/04/
2010VERIZON COMMUNICATIONS
INC0.47528.928267321.06580711186.6930/04/20100.89978638
050.776047261Dividend$ 1.65$ 1.90$ 1.86$ 3.68$ 1.96$
2.02$ 2.08$ 2.146587528/05/2010VERIZON
COMMUNICATIONS
INC27.5228267321.06580711089.4128/05/20100.82793795430.
738990333Price43.6933.933.1335.7840.1243.2749.1446.786587
530/06/2010VERIZON COMMUNICATIONS
INC28.0228267321.06580711030.7130/06/20100.78459652450.
7524167562Dividend
Yield0.040.060.060.100.050.050.040.056587530/07/2010VERIZ
ON COMMUNICATIONS
INC0.47529.062826742111101.630/07/20100.83956580810.780
34371646587530/07/2010VERIZON COMMUNICATIONS
INC1.7642929.062826742111101.630/07/20100.839565810.780
34371646587531/08/2010VERIZON COMMUNICATIONS
INC29.532826742111049.3331/08/20100.80166778740.7929645
5426587530/09/2010VERIZON COMMUNICATIONS
INC32.592827000111141.230/09/20100.87320973590.87513426
426587529/10/2010VERIZON COMMUNICATIONS
INC0.487532.482826783111183.2629/10/20100.90643740310.8
7218045116587530/11/2010VERIZON COMMUNICATIONS
INC32.012826783111180.5530/11/20100.90655176040.8595596
1336587531/12/2010VERIZON COMMUNICATIONS
INC35.782826783111257.6431/12/20100.96713827630.9607948
4436587531/01/2011VERIZON COMMUNICATIONS
INC0.487535.622827000111286.1231/01/20110.99006001470.9
5649838886587528/02/2011VERIZON COMMUNICATIONS
INC36.922800000111327.2228/02/20111.02397844590.9914070
8926587531/03/2011VERIZON COMMUNICATIONS
INC38.542800000111325.8331/03/20111.02438551231.0349087
0036587529/04/2011VERIZON COMMUNICATIONS
INC0.487537.782829078111363.6129/04/20111.05472227181.0
1450053716587531/05/2011VERIZON COMMUNICATIONS

10. INC36.932829078111345.231/05/20111.04278332030.99167561
766587530/06/2011VERIZON COMMUNICATIONS
INC37.232829078111320.6430/06/20111.02540100540.9997314
7156587529/07/2011VERIZON COMMUNICATIONS
INC0.487535.292831000111292.2829/07/20111.00455146770.9
4763694956587531/08/2011VERIZON COMMUNICATIONS
INC36.1652831000111218.8931/08/20110.94998010180.971133
19016587530/09/2011VERIZON COMMUNICATIONS
INC36.82831000111131.4230/09/20110.88319999270.98818474
766587531/10/2011VERIZON COMMUNICATIONS
INC0.536.982831091111253.331/10/20110.97972677750.99301
825996587530/11/2011VERIZON COMMUNICATIONS
INC37.732831091111246.9630/11/20110.97756313671.0131578
9476587530/12/2011VERIZON COMMUNICATIONS
INC40.122831091111257.630/12/20110.98756245051.07733619
766587531/01/2012VERIZON COMMUNICATIONS
INC0.537.662831091111312.4131/01/20121.03181873911.0112
7819556587529/02/2012VERIZON COMMUNICATIONS
INC38.112835524111365.6829/02/20121.07643644251.0233619
7646587530/03/2012VERIZON COMMUNICATIONS
INC38.232835524111408.4730/03/20121.11185972471.0265843
1796587530/04/2012VERIZON COMMUNICATIONS
INC0.540.382841033111397.9130/04/20121.10488392731.0843
1793776587531/05/2012VERIZON COMMUNICATIONS
INC41.642841033111310.3331/05/20121.03847872721.1181525
2426587529/06/2012VERIZON COMMUNICATIONS
INC44.442841033111362.1629/06/20121.08126634741.1933404
9416587531/07/2012VERIZON COMMUNICATIONS
INC0.545.142848877111379.3231/07/20121.0962840271.21213
748666587531/08/2012VERIZON COMMUNICATIONS
INC42.942848877111406.5831/08/20121.12097546811.1530612
2456587528/09/2012VERIZON COMMUNICATIONS
INC45.572848877111440.6728/09/20121.1499434161.22368421
056587531/10/2012VERIZON COMMUNICATIONS
INC0.51544.642854000111412.1631/10/20121.1287104611.198
71106346587530/11/2012VERIZON COMMUNICATIONS

11. INC44.122854000111416.1830/11/20121.13525728111.1847475
8326587531/12/2012VERIZON COMMUNICATIONS
INC43.272854000111426.1931/12/20121.14560433281.1619226
6386587531/01/2013VERIZON COMMUNICATIONS
INC0.51543.612859000111498.1131/01/20131.20494206661.17
105263166587528/02/2013VERIZON COMMUNICATIONS
INC46.532858275111514.6828/02/20131.22129973971.2494629
4316587528/03/2013VERIZON COMMUNICATIONS
INC49.152858275111569.1928/03/20131.26710213941.3198174
0066587530/04/2013VERIZON COMMUNICATIONS
INC0.51553.912861000111597.5730/04/20131.29151514321.44
763694956587531/05/2013VERIZON COMMUNICATIONS
INC48.482861000111630.7431/05/20131.32172377671.3018259
9366587528/06/2013VERIZON COMMUNICATIONS
INC50.342861000111606.2828/06/20131.30397551841.3517722
8796587531/07/2013VERIZON COMMUNICATIONS
INC0.51549.482862000111685.7331/07/20131.37033021821.32
8678846587530/08/2013VERIZON COMMUNICATIONS
INC47.382862000111632.9730/08/20131.33064364881.2722878
6256587530/09/2013VERIZON COMMUNICATIONS
INC46.6752861732111681.5530/09/20131.37237035311.253356
60586587531/10/2013VERIZON COMMUNICATIONS
INC0.5350.512861751111756.5431/10/20131.43545443321.356
33727186587529/11/2013VERIZON COMMUNICATIONS
INC49.622860000111805.8129/11/20131.47919840081.3324382
3856587531/12/2013VERIZON COMMUNICATIONS
INC49.142860000111848.3631/12/20131.51664814081.3195488
7226587531/01/2014VERIZON COMMUNICATIONS
INC0.5348.022862000111782.5931/01/20141.46420844141.289
47368426587528/02/2014VERIZON COMMUNICATIONS
INC47.584141141111859.4528/02/20141.53118981951.2776584
3186587531/03/2014VERIZON COMMUNICATIONS
INC47.574140000111872.3431/03/20141.54405730671.2773899
0336587530/04/2014VERIZON COMMUNICATIONS
INC0.5346.734141149111883.9530/04/20141.55547016871.254
83351246587530/05/2014VERIZON COMMUNICATIONS

12. INC49.964141149111923.5730/05/20141.59198675281.3415682
0626587530/06/2014VERIZON COMMUNICATIONS
INC48.934141149111960.2330/06/20141.6248713481.31390977
446587531/07/2014VERIZON COMMUNICATIONS
INC0.5350.424145232111930.6731/07/20141.60246188471.353
92051566587529/08/2014VERIZON COMMUNICATIONS
INC49.824145232112003.3729/08/20141.66656603221.3378088
0776587530/09/2014VERIZON COMMUNICATIONS
INC49.994145232111972.2930/09/20141.64320054161.3423737
9166587531/10/2014VERIZON COMMUNICATIONS
INC0.5550.254149724112018.0531/10/20141.68333539181.349
35553176587528/11/2014VERIZON COMMUNICATIONS
INC50.594149724112067.5628/11/20141.72860717341.3584854
9956587531/12/2014VERIZON COMMUNICATIONS
INC46.784149724112058.931/12/20141.72425244611.25617615
47
Dividend Yield 3.7651636530098426E-2
5.5989380530973451E-2 5.5991548445517653E-2
0.10276103968697596 4.8915752741774676E-2
4.6568061012248668E-2 4.2226292226292227E-2
4.5746045318512188E-2 S & P50028/02/2007
30/03/2007 30/04/2007 31/05/2007 29/06/2007
31/07/2007 31/08/2007 28/09/2007 31/10/2007
30/11/2007 31/12/2007 31/01/2008 29/02/2008
31/03/2008 30/04/2008 30/04/2008 30/05/2008
30/06/2008 31/07/2008 29/08/2008 30/09/2008
31/10/2008 28/11/2008 31/12/2008 30/01/2009
27/02/2009 31/03/2009 30/04/2009 29/05/2009
30/06/2009 31/07/2009 31/08/2009 30/09/2009
30/10/2009 30/11/2009 31/12/2009 29/01/2010
26/02/2010 31/03/2010 30/04/2010 28/05/2010
30/06/2010 30/07/2010 30/07/2010 31/08/2010
30/09/2010 29/10/2010 30/11/2010 31/12/2010
31/01/2011 28/02/2011 31/03/2011 29/04/2011
31/05/2011 30/06/2011 29/07/2011 31/08/2011
30/09/2011 31/10/2011 30/11/2011 30/12/2011

13. 31/01/2012 29/02/2012 30/03/2012 30/04/2012
31/05/2012 29/06/2012 31/07/2012 31/08/2012
28/09/2012 31/10/2012 30/11/2012 31/12/2012
31/01/2013 28/02/2013 28/03/2013 30/04/2013
31/05/2013 28/06/2013 31/07/2013 30/08/2013
30/09/2013 31/10/2013 29/11/2013 31/12/2013
31/01/2014 28/02/2014 31/03/2014 30/04/2014
30/05/2014 30/06/2014 31/07/2014 29/08/2014
30/09/2014 31/10/2014 28/11/2014 31/12/2014
0.9952656063454598 1.0063994364470548
1.0509759254939093 1.0876526098630914
1.069584150988276 1.0364205239395643
1.0519548242785195 1.0912983216917564
1.1086577650917375 1.0623064502111037
1.0549372635662106 0.99166106315726876
0.9594488891328512 0.9553045793251087
1.0018297173544117 1.0018297199999999
1.0148069876905765 0.92925397849167246
0.92144108538833469 0.93477057631522364
0.85147726804901813 0.70847113392158745
0.65763701152264509 0.6646356804032697
0.60861430930457017 0.54381029490469457
0.59144698622680258 0.64805386687891386
0.68430056766980918 0.68565913280545987
0.73751789692287273 0.76414485872294868
0.79266100369145465 0.77793635328182675
0.82459872011271063 0.84052183538947822
0.81029033040121123 0.83538947821035336
0.88580276561778115 0.89978638049887238
0.82793795428451189 0.78459652445188521
0.83956580807179815 0.83956580999999997
0.80166778736854616 0.87320973592604278
0.90643740308215881 0.90655176041680952
0.96713827631476623 0.99006001472922456
1.0239784459295651 1.0243855122979877
1.0547222717770672 1.0427833202965973

14. 1.0254010054296863 1.0045514676620328
0.9499801018237708 0.88319999268113047
0.97972677745605252 0.97756313668446071
0.98756245054045266 1.0318187390502851
1.0764364424805477 1.1118597247190238
1.1048839273053295 1.0384787272486082
1.0812663473809883 1.0962840270249252
1.1209754680645707 1.1499434159908148
1.1287104609515444 1.1352572811314972
1.1456043327706953 1.2049420665742658
1.2212997397227063 1.2671021393970168
1.2915151431982543 1.3217237767195913
1.3039755183817978 1.3703302182395374
1.3306436488223481 1.3723703530897062
1.4354544331764352 1.479198400827032
1.5166481407784533 1.4642084414010144
1.5311898194526401 1.5440573067475403
1.5554701687456829 1.591986752846354
1.6248713479985177 1.6024618847003609
1.6665660322121738 1.6432005415963369
1.6833353917653568 1.728607173406888
1.7242524461033881 VZ 28/02/2007 30/03/2007
30/04/2007 31/05/2007 29/06/2007 31/07/2007
31/08/2007 28/09/2007 31/10/2007 30/11/2007
31/12/2007 31/01/2008 29/02/2008 31/03/2008
30/04/2008 30/04/2008 30/05/2008 30/06/2008
31/07/2008 29/08/2008 30/09/2008 31/10/2008
28/11/2008 31/12/2008 30/01/2009 27/02/2009
31/03/2009 30/04/2009 29/05/2009 30/06/2009
31/07/2009 31/08/2009 30/09/2009 30/10/2009
30/11/2009 31/12/2009 29/01/2010 26/02/2010
31/03/2010 30/04/2010 28/05/2010 30/06/2010
30/07/2010 30/07/2010 31/08/2010 30/09/2010
29/10/2010 30/11/2010 31/12/2010 31/01/2011
28/02/2011 31/03/2011 29/04/2011 31/05/2011
30/06/2011 29/07/2011 31/08/2011 30/09/2011

15. 31/10/2011 30/11/2011 30/12/2011 31/01/2012
29/02/2012 30/03/2012 30/04/2012 31/05/2012
29/06/2012 31/07/2012 31/08/2012 28/09/2012
31/10/2012 30/11/2012 31/12/2012 31/01/2013
28/02/2013 28/03/2013 30/04/2013 31/05/2013
28/06/2013 31/07/2013 30/08/2013 30/09/2013
31/10/2013 29/11/2013 31/12/2013 31/01/2014
28/02/2014 31/03/2014 30/04/2014 30/05/2014
30/06/2014 31/07/2014 29/08/2014 30/09/2014
31/10/2014 28/11/2014 31/12/2014
1.0042964554242748 1.0182599355531687
1.0252416756176155 1.1689044038668099
1.1055316863587541 1.1444683136412459
1.1245972073039743 1.1890440386680987
1.2371106337271751 1.1603114930182599
1.1732008592910848 1.0426960257787325
0.97529538131041882 0.9787862513426423
1.0332975295381308 1.0332975295381308
1.0330290010741137 0.95059076262083775
0.91407089151450049 0.94307196562835649
0.86170784103114939 0.79672395273899033
0.87674543501611157 0.91031149301825987
0.80209452201933407 0.76611170784103111
0.81095596133190107 0.81471535982814169
0.7857142857142857 0.82518796992481203
0.86117078410311487 0.83351235230934473
0.81283566058002144 0.79457572502685281
0.84479054779806662 0.88963480128893668
0.79001074113856073 0.77685284640171848
0.83297529538131032 0.77604726100966692
0.73899033297529537 0.75241675617615467
0.78034371643394196 0.78034371643394196
0.7929645542427497 0.87513426423200869
0.87218045112781939 0.85955961331901176
0.96079484425349082 0.95649838882921578
0.99140708915145004 1.0349087003222341

16. 1.014500537056928 0.99167561761546719
0.99973147153598263 0.94763694951664867
0.97113319011815247 0.98818474758324371
0.99301825993555304 1.013157894736842
1.0773361976369493 1.0112781954887216
1.023361976369495 1.0265843179377012
1.0843179377013963 1.1181525241675616
1.1933404940923737 1.2121374865735768
1.1530612244897958 1.2236842105263157
1.1987110633727174 1.1847475832438237
1.161922663802363 1.1710526315789473
1.2494629430719655 1.3198174006444683
1.4476369495166486 1.3018259935553167
1.3517722878625134 1.3286788399570353
1.2722878625134264 1.2533566058002146
1.3563372717508055 1.3324382384532758
1.3195488721804511 1.2894736842105263
1.27765843179377 1.2773899033297529
1.2548335123523091 1.3415682062298604
1.3139097744360901 1.353920515574651
1.3378088077336197 1.3423737916219118
1.3493555316863586 1.3584854994629432
1.2561761546723953
Sheet1