(
'
%DVLF9)6RSHUDWLRQV
7KH9)6KDVWKHIROORZLQJWKUHHPRQLWRUPRGHV
6WDQGDUGPRQLWRUPRGH
7KHVWDQGDUGLQYHUWHUPRGH7KLVPRGHLVHQDEOHGZKHQ
LQYHUWHUSRZHUJRHVRQ
7KLVPRGHLVIRUPRQLWRULQJWKHRXWSXWIUHTXHQF\DQGVHWWLQJWKHIUHTXHQF\GHVLJ
QDWHGYDOXH,QLWLVDOVRGLVSOD\HGLQIRUPDWLRQDERXWVWDWXVDODUPVGXULQJUXQQLQJDQG
WULSV
x 6HWWLQJIUHTXHQF\GHVLJQDWHGYDOXHVVHH
x 6WDWXVDODUP
,IWKHUHLVDQHUURULQWKHLQYHUWHUWKHDODUPVLJQDODQGWKHIUHTXHQF\ZLOOIODVK
DOWHUQDWHO\LQWKH/('GLVSOD\
:KHQDFXUUHQWIORZVDWRUKLJKHUWKDQWKHRYHUFXUUHQWVWDOOOHYHO
:KHQDYROWDJHLVJHQHUDWHGDWRUKLJKHUWKDQWKHRYHUYROWDJHVWDOO
OHYHO
:KHQDORDGUHDFKHVRUKLJKHURIWKHRYHUORDGWULSYDOXH
:KHQWHPSHUDWXUHLQVLGHWKHLQYHUWHUULVHVWRWKHRYHUKHDWLQJSURWHF
WLRQDODUPOHYHO
0RGHORIN:RUOHVVDERXWq&
0RGHORIN:RUPRUHDERXWq&
6HWWLQJPRQLWRUPRGH 7KHPRGHIRUVHWWLQJLQYHUWHUSDUDPHWHUV
)RUPRUHRQKRZWRVHWSDUDPHWHUVVHH
6WDWXVPRQLWRUPRGH 7KHPRGHIRUPRQLWRULQJDOOLQYHUWHUVWDWXV
$OORZVPRQLWRULQJRIVHWIUHTXHQFLHVRXWSXWFXUUHQWYROWDJHDQGWHUPLQDO
LQIRUPDWLRQ
)RUPRUHRQKRZWRXVHWKHPRQLWRUVHH
3UHVVLQJWKH NH\ZLOOPRYHWKHLQYHUWHUWKURXJKHDFKRIWKHPRGHV
6WDQGDUGPRQLWRUPRGH
6WDWXVPRQLWRUPRGH
6HWWLQJPRQLWRUPRGH