Project Assignment Final . Finance With Excel

7/21/2019 Project Assignment Final . Finance With Excel.

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PRICES FOR DOW-JONES 30 STOCKS, JULY 1997 - JULY 2007

Date DJ30

1-Jul-97 8222.61 18.38 36.31 22.38 50.44 17.87 22.22 49.92

1-Aug-97 7622.42 17.13 32.18 20.78 46.96 15.78 23.04 46.61

2-Sep-97 7945.26 17.08 35.21 21.88 46.91 16.97 21.41 46.05

1-Oct-97 7442.08 15.20 34.83 20.90 41.36 17.43 20.42 42.55

3-Nov-97 7823.13 14.05 34.40 21.14 45.92 19.00 19.10 45.54

1-Dec-97 7908.25 14.71 37.13 23.98 42.30 20.12 19.33 45.162-Jan-98 7906.50 15.96 37.67 22.49 41.16 18.51 19.23 42.58

2-Feb-98 8545.72 15.41 41.04 24.20 47.02 20.83 21.86 46.33

2-a!-98 8799.81 14.45 43.03 24.67 45.18 22.46 22.06 51.39

1-Ap!-98 9063.37 16.27 44.95 27.52 43.39 22.95 22.91 55.02

1-a"-98 8899.95 14.61 42.30 27.63 41.50 22.98 22.11 58.59

1-Jun-98 8952.02 13.89 49.92 30.69 38.73 22.74 21.29 56.69

1-Jul-98 8883.29 14.60 51.56 29.78 33.73 25.28 19.63 47.06

3-Aug-98 7539.07 12.66 39.65 21.05 26.99 16.68 17.00 44.19

1-Sep-98 7842.62 15.02 40.22 20.94 29.93 14.09 18.01 42.951-Oct-98 8592.10 16.76 43.78 23.84 32.77 17.74 18.31 44.09

2-Nov-98 9116.55 15.75 48.24 27.08 35.56 18.96 20.14 45.21

1-Dec-98 9181.43 15.82 49.62 27.75 28.56 18.75 18.74 40.74

4-Jan-99 9358.83 17.73 52.86 27.91 30.36 21.23 17.76 39.31

1-Feb-99 9306.58 17.27 58.51 29.44 31.30 22.25 18.68 39.66

1-a!-99 9786.16 17.56 61.97 32.00 29.87 24.19 18.83 44.87

1-Ap!-99 10789.04 26.54 60.11 35.52 35.70 28.43 26.52 54.63

3-a"-99 10559.74 23.53 58.73 32.90 37.07 25.16 22.61 50.811-Jun-99 10970.80 26.47 60.27 35.43 38.78 27.05 24.72 53.04

1-Jul-99 10655.15 25.62 59.69 35.87 40.00 25.45 24.29 56.00

2-Aug-99 10829.28 27.71 59.56 37.44 40.06 25.39 23.46 49.46

1-Sep-99 10336.95 26.63 55.89 36.76 37.69 25.14 22.70 47.21

1-Oct-99 10729.86 26.07 66.18 42.00 40.72 31.08 23.05 50.29

1-Nov-99 10877.81 28.20 66.73 41.20 36.04 30.86 19.33 46.65

1-Dec-99 11497.12 35.74 69.54 45.34 36.75 31.90 19.61 51.70

3-Jan-00 10940.53 30.01 67.13 45.00 39.47 32.65 17.80 46.31

1-Feb-00 10128.31 29.60 56.88 36.65 32.88 29.73 14.70 39.89

1-a!-00 10921.92 30.35 70.47 40.68 33.65 34.40 16.54 41.82

3-Ap!-00 10733.91 28.03 70.59 40.90 35.32 33.98 16.67 37.48

1-a"-00 10522.33 25.35 72.47 44.32 34.89 35.81 16.17 38.98

1-Jun-00 10447.89 25.16 75.65 42.79 37.35 34.70 14.32 34.81

3-Jul-00 10521.98 26.24 84.69 46.60 43.60 40.60 14.54 36.05

1-Aug-00 11215.10 28.98 86.12 48.52 48.05 44.95 15.69 35.98

1-Sep-00 10650.92 22.05 92.45 49.94 57.78 41.62 13.23 32.77

2-Oct-00 10971.14 24.99 94.68 49.39 60.75 40.52 15.13 36.371-Nov-00 10414.49 24.66 93.70 45.22 62.00 38.45 16.97 34.19

1-Dec-00 10787.99 29.31 95.26 45.22 59.25 39.42 20.42 39.04

2-Jan-01 10887.36 32.28 82.18 38.83 52.52 43.21 19.23 35.32

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2-Ap!-01 10734.97 36.37 79.10 35.06 55.65 38.04 21.99 36.82

1-a"-01 10911.94 38.05 78.36 34.80 56.78 39.77 23.72 38.09

1-Jun-01 10502.40 35.27 82.24 32.05 50.20 41.01 21.92 39.602-Jul-01 10522.81 34.59 80.54 33.38 52.84 38.96 24.29 35.15

1-Aug-01 9949.75 33.74 75.69 30.15 46.37 35.65 22.04 33.92

4-Sep-01 8847.56 27.45 75.50 24.06 30.34 31.53 19.75 31.06

1-Oct-01 9075.14 28.69 76.08 24.43 29.52 35.44 19.86 33.11

1-Nov-01 9851.56 34.32 79.76 27.32 31.95 37.42 21.06 37.01

3-Dec-01 10021.57 31.61 76.89 29.63 35.30 39.44 23.21 35.49

2-Jan-02 9920.00 31.88 71.81 29.82 37.27 37.16 22.50 36.87

1-Feb-02 10106.13 33.56 71.67 30.32 42.01 35.47 24.84 39.41

1-a!-02 10403.94 33.71 69.90 34.08 44.10 38.82 25.44 39.671-Ap!-02 9946.22 30.40 66.97 34.19 40.76 33.94 24.59 37.44

1-a"-02 9925.25 31.38 64.89 35.44 39.13 33.99 23.54 39.00

3-Jun-02 9243.26 29.74 66.16 30.28 41.28 30.50 22.04 37.65

1-Jul-02 8736.59 24.41 61.98 29.46 38.09 26.40 20.29 35.54

1-Aug-02 8663.50 22.64 60.89 30.12 34.16 27.79 19.81 34.46

3-Sep-02 7591.93 17.41 53.08 26.05 31.45 25.16 16.90 30.84

1-Oct-02 8397.03 19.91 60.70 30.46 27.42 31.51 18.71 35.27

1-Nov-02 8896.09 23.20 63.22 32.60 31.55 33.15 22.86 38.472-Dec-02 8341.63 20.69 56.18 29.67 30.57 30.01 20.94 36.55

2-Jan-03 8053.81 17.95 52.56 29.82 29.27 29.46 20.30 32.65

3-Feb-03 7891.08 18.76 47.87 28.18 25.68 28.59 21.69 31.92

3-a!-03 7992.13 17.74 48.07 27.89 23.35 29.54 22.71 33.83

1-Ap!-03 8480.09 21.13 56.33 31.85 25.42 33.66 24.44 37.02

1-a"-03 8850.26 22.67 56.26 35.05 28.74 35.36 24.23 36.98

2-Jun-03 8985.44 23.49 53.68 35.18 32.16 36.89 25.86 36.54

1-Jul-03 9233.80 25.59 62.46 37.25 31.03 38.92 31.53 38.56

1-Aug-03 9415.82 26.46 57.95 37.99 35.22 37.66 33.57 39.58

2-Sep-03 9275.06 24.24 56.20 38.00 32.34 39.53 32.17 35.39

1-Oct-03 9801.12 29.25 59.24 39.67 36.26 41.48 34.41 35.74

3-Nov-03 9782.46 30.54 56.44 38.64 36.32 41.16 35.71 36.99

1-Dec-03 10453.92 35.37 64.62 40.85 39.87 42.48 38.99 40.95

2-Jan-04 10488.07 31.82 67.72 43.91 39.50 43.66 36.85 39.17

2-Feb-04 10583.92 35.03 72.15 45.25 41.19 44.34 35.73 40.55

1-a!-04 10357.70 32.44 69.63 44.00 39.01 45.61 37.30 37.97

1-Ap!-04 10225.57 28.75 69.92 41.54 40.55 42.78 36.83 38.633-a"-04 10188.45 29.41 71.53 43.02 43.71 41.31 35.70 39.18

1-Jun-04 10435.48 31.03 69.63 43.69 48.75 41.37 37.64 40.29

1-Jul-04 10139.71 30.09 69.02 42.73 48.43 39.58 35.00 38.88

2-Aug-04 10173.92 30.57 69.59 42.53 50.03 41.82 34.63 38.65

1-Sep-04 10080.27 31.71 66.49 43.75 49.46 39.61 38.32 39.14

1-Oct-04 10027.47 30.68 59.37 45.23 47.81 40.20 38.56 39.21

1-Nov-04 10428.02 32.23 61.95 47.48 51.53 40.54 43.83 41.78

1-Dec-04 10783.01 29.79 64.30 48.04 49.79 43.65 46.68 45.21

3-Jan-05 10489.94 27.99 64.90 45.56 48.67 44.44 42.84 43.84

1-Feb-05 10766.23 30.62 65.40 46.25 53.12 43.62 45.70 49.47

1-a!-05 10503.76 28.97 54.35 43.98 56.49 41.08 43.97 47.56

1 Ap! 05 10192 51 27 67 49 88 45 12 57 52 43 33 42 54 43 73



1-Jun-05 10274.97 25.04 57.12 45.67 64.04 42.66 46.04 40.24

1-Jul-05 10640.91 26.88 59.18 47.19 64.05 40.54 52.33 39.93

1-Aug-05 10481.60 25.81 58.35 47.40 65.27 40.79 53.87 37.341-Sep-05 10568.70 23.52 61.07 49.28 66.18 42.42 57.03 36.97

3-Oct-05 10440.07 23.40 63.87 48.90 62.96 42.67 51.28 39.34

1-Nov-05 10805.87 26.56 66.18 50.52 66.67 45.69 56.34 40.70

1-Dec-05 10717.50 28.66 67.25 50.56 68.67 45.67 56.33 40.46

3-Jan-06 10864.86 30.53 64.52 51.65 66.78 43.84 66.47 37.27

1-Feb-06 10993.41 28.55 65.41 53.06 71.37 44.10 71.55 38.66

1-a!-06 11109.32 29.76 65.29 51.75 76.51 44.92 70.30 40.56

3-Ap!-06 11367.14 32.89 64.46 53.11 81.93 48.00 74.39 42.37

1-a"-06 11168.31 31.02 60.21 53.65 82.01 47.38 71.64 41.201-Jun-06 11150.22 31.65 58.48 52.53 80.69 46.37 73.15 40.30

3-Jul-06 11185.68 29.29 60.08 51.53 76.27 46.43 69.91 38.42

1-Aug-06 11381.15 28.11 63.37 52.00 74.07 47.91 65.45 39.08

1-Sep-06 11679.07 27.57 65.79 55.51 77.98 48.22 64.90 41.89

2-Oct-06 12080.73 28.42 66.69 57.37 78.98 48.69 60.14 44.78

1-Nov-06 12221.93 30.80 69.99 58.28 87.86 48.62 61.45 46.25

1-Dec-06 12463.15 29.71 71.32 60.21 88.17 54.61 60.76 48.00

3-Jan-07 12621.69 32.14 68.12 57.92 88.88 54.05 63.79 48.841-Feb-07 12268.63 33.25 66.96 56.58 86.94 49.87 64.15 50.36

1-a!-07 12354.35 33.73 67.07 56.11 88.58 50.83 66.74 49.07

2-Ap!-07 13062.91 35.32 69.75 60.52 92.65 53.09 72.62 48.81

1-a"-07 13627.64 41.28 72.34 64.82 100.59 54.49 78.58 52.32

1-Jun-07 13408.62 40.53 70.03 61.03 96.16 51.29 78.30 50.84

2-Jul-07 13565.84 41.35 70.27 61.38 98.36 51.50 77.49 52.06



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24.71 18.97 32.51 15.37 37.83 24.24 48.94 21.50 26.34

23.49 16.93 33.24 14.56 33.96 21.29 47.00 21.58 24.12

24.65 18.49 35.46 16.10 34.96 24.13 49.14 21.62 24.55

25.23 17.55 34.00 17.22 29.62 21.38 45.67 18.04 24.41

29.08 20.06 32.53 17.32 30.66 21.21 50.87 18.19 26.88

30.32 20.01 34.37 18.20 32.05 21.69 48.60 16.46 28.13

32.77 21.14 32.78 18.70 32.15 20.91 45.87 18.99 28.59

34.33 21.21 39.32 19.75 35.27 23.30 48.61 21.02 32.29

32.74 23.60 38.64 20.92 34.80 22.09 48.35 18.30 31.46

38.25 23.33 38.42 21.56 36.30 26.27 53.93 18.95 30.63

34.78 22.83 41.28 24.31 35.55 21.72 54.79 16.75 29.69

32.26 24.88 38.37 25.72 36.90 20.93 53.54 17.38 31.81

31.77 24.57 41.53 25.93 36.17 19.40 61.79 19.80 33.21

25.32 21.98 33.62 23.61 28.64 16.97 52.61 16.70 29.76

23.41 21.94 31.74 24.48 29.54 18.56 60.03 20.11 33.7524.91 24.13 36.55 27.00 32.51 21.12 69.37 20.92 35.15

29.76 24.92 40.72 30.83 36.86 21.93 77.25 25.26 35.15

27.73 28.22 41.70 37.94 37.12 24.01 86.26 27.82 36.28

30.51 29.02 52.30 37.52 32.67 27.55 85.73 33.08 36.82

32.53 27.75 48.37 37.01 34.80 23.35 79.52 28.16 37.04

28.77 30.72 50.97 38.62 41.37 23.89 83.03 27.91 40.57

29.35 29.26 52.18 37.07 49.41 27.78 97.99 28.73 42.30

26.92 28.24 49.16 35.09 48.97 33.22 108.80 25.40 40.3128.48 31.38 47.03 40.01 53.14 35.46 121.23 27.95 42.65

25.48 30.36 43.56 39.62 54.56 36.94 117.89 32.42 39.63

25.65 31.28 47.58 38.21 51.96 37.18 116.95 38.63 44.63

24.04 33.12 45.21 42.63 50.69 32.08 113.60 34.92 40.10

24.55 37.85 50.59 47.06 48.15 26.22 92.24 36.40 45.72

26.04 36.35 53.39 49.23 50.88 33.53 96.89 36.06 45.41

27.33 43.34 52.59 64.11 48.92 40.27 101.41 38.70 40.81

33.93 37.53 58.29 52.81 40.71 38.32 105.53 46.52 37.66

31.77 37.08 55.38 53.62 40.98 47.61 96.70 53.14 31.6238.55 43.72 60.29 60.19 44.86 46.98 111.40 62.05 30.85

40.77 44.17 68.16 52.73 47.68 47.84 104.93 59.64 36.24

39.43 44.35 51.72 45.73 46.72 42.59 101.11 58.66 39.45

36.27 44.66 42.52 46.65 28.78 56.77 103.23 62.89 44.91

36.03 43.67 41.70 48.34 29.05 49.67 105.77 62.80 41.02

36.40 49.54 51.68 44.93 33.39 54.85 124.53 70.46 40.67

35.74 48.96 47.99 49.49 30.60 44.17 106.23 39.11 41.55

33.46 46.42 45.87 40.20 46.22 42.35 92.92 42.35 40.7427.04 41.97 36.87 36.67 42.03 28.79 88.31 35.84 44.38

27.23 40.73 37.95 42.76 40.78 28.81 80.28 28.30 46.62

28.65 39.07 40.00 45.10 40.73 33.64 105.78 34.84 41.33

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28.46 41.38 41.20 44.12 42.30 26.03 108.87 29.12 42.96

29.75 41.78 43.15 46.17 41.89 26.84 105.84 25.46 43.32

27.18 41.78 48.80 44.28 30.20 26.26 107.45 27.57 44.65

24.79 37.21 48.24 47.22 32.08 22.64 99.60 28.10 48.35

23.93 34.99 41.85 43.11 32.59 21.31 94.75 26.37 47.26

17.52 31.97 32.79 36.00 23.09 14.80 86.95 19.28 49.68

17.49 31.29 31.59 35.87 25.84 15.52 102.45 23.03 51.93

19.26 33.09 38.44 43.82 29.16 20.28 109.71 30.83 52.39

19.70 34.60 37.59 47.91 29.76 19.02 114.81 29.69 53.15

20.03 32.07 39.55 47.05 29.57 20.47 102.40 33.08 51.72

21.87 33.39 41.40 46.96 33.73 18.63 93.25 26.97 54.94

21.95 32.43 47.23 45.71 33.86 16.68 98.84 28.72 58.6022.04 27.36 50.12 43.60 32.45 15.90 79.60 27.02 57.61

21.79 27.01 48.92 39.20 34.85 17.75 76.61 26.11 55.54

17.97 25.35 42.07 34.58 31.32 14.27 68.56 17.27 47.31

16.86 28.10 36.64 29.07 28.77 13.22 67.04 17.76 47.62

14.91 26.31 38.11 31.00 26.78 12.54 71.94 15.78 49.34

14.40 21.66 30.97 24.61 19.37 10.96 55.65 13.14 49.13

15.88 22.19 26.48 27.23 21.41 14.84 75.34 16.37 53.38

18.85 23.83 32.08 24.89 23.45 18.30 83.11 19.78 51.9815.70 21.56 29.78 22.70 21.64 16.38 74.10 14.75 48.96

16.85 20.49 29.35 19.75 22.03 16.43 74.77 14.84 48.87

16.42 21.46 27.67 22.16 20.80 14.96 74.67 16.36 48.01

16.39 22.76 27.55 23.08 19.41 14.75 75.13 15.44 52.97

17.97 26.28 29.54 26.66 21.45 15.46 81.33 17.45 51.59

18.92 25.61 29.35 30.79 23.99 18.49 84.50 19.77 49.97

19.01 25.76 29.91 31.44 24.59 20.28 79.18 19.76 47.53

21.10 25.55 31.10 29.62 25.90 20.15 77.98 23.63 47.61

19.74 26.56 34.60 30.53 26.72 18.97 78.87 27.17 45.8019.42 26.94 34.46 30.30 24.29 18.50 84.94 26.15 45.74

21.80 26.22 35.93 35.27 28.22 21.32 86.05 31.31 46.49

22.23 25.91 36.44 34.97 27.54 20.78 87.23 31.89 45.76

22.67 28.19 45.49 33.83 31.01 22.03 89.29 30.48 47.95

23.33 30.60 42.32 33.81 33.51 22.82 95.60 29.02 49.58

25.78 29.77 41.41 34.61 32.68 21.79 93.12 27.80 50.26

24.29 27.94 40.66 35.68 31.56 21.99 88.62 25.90 47.28

22.38 27.42 40.81 33.61 32.25 18.97 85.08 24.50 50.3722.81 28.49 39.51 34.30 31.61 20.45 85.66 27.22 52.21

24.77 29.84 40.55 33.70 34.35 20.39 85.23 26.32 52.20

22.44 30.62 37.55 32.28 35.27 19.47 84.19 23.25 51.79

21.82 30.20 36.39 35.08 33.93 17.29 82.06 20.33 54.72

21.92 31.11 37.42 37.61 33.81 18.20 83.08 19.16 53.06

24.51 31.61 33.95 39.42 31.76 18.11 86.97 21.26 54.99

26.13 32.76 34.43 40.14 33.49 19.41 91.49 21.41 57.08

27.26 34.01 35.75 41.09 33.57 20.43 95.71 22.38 60.02

28.07 33.67 32.85 39.67 34.11 19.09 90.70 21.48 61.23

27.40 33.01 32.24 38.48 36.18 20.26 90.05 23.04 62.35

28.17 33.81 26.58 36.86 35.46 21.46 88.89 22.31 63.83

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24.69 32.69 31.25 37.59 35.11 23.08 72.37 25.07 62.08

25.14 32.55 33.84 42.04 37.65 24.17 81.40 26.15 61.09

24.70 31.71 31.88 39.06 36.89 27.25 78.82 24.85 60.86

23.66 31.98 28.54 36.94 36.14 28.74 78.43 23.82 60.75

23.90 32.21 25.55 39.75 32.96 27.60 80.05 22.71 60.12

24.45 33.92 20.80 40.57 35.41 29.21 87.12 25.87 59.59

23.75 33.53 18.44 39.31 36.10 28.26 80.55 24.20 58.00

25.08 31.33 22.85 39.37 37.23 30.77 79.67 20.61 55.53

27.74 31.68 19.51 40.93 39.90 32.38 78.83 20.07 55.95

27.64 33.52 20.43 41.22 41.67 32.55 81.02 18.96 57.47

27.71 33.33 21.98 38.91 41.41 32.13 80.89 19.46 56.88

30.23 33.02 26.12 37.15 40.34 32.04 78.78 17.64 58.8129.73 32.00 28.90 35.02 39.47 31.43 75.74 18.60 58.51

29.42 31.74 31.27 33.96 37.91 31.66 76.33 17.63 61.08

29.38 33.07 28.54 33.55 38.15 36.27 80.15 19.27 63.51

30.63 34.52 32.53 35.64 40.30 36.48 81.11 20.26 63.78

31.18 34.33 34.15 36.68 41.50 38.52 91.40 21.01 66.20

32.75 34.50 28.79 37.54 42.57 39.23 91.29 21.18 65.10

34.27 36.66 30.26 39.70 44.81 41.04 96.48 20.04 65.21

35.17 35.51 32.34 40.27 45.26 43.12 98.47 20.74 65.9834.25 34.66 31.63 39.14 46.20 39.20 92.58 19.76 62.52

34.43 35.11 30.38 36.53 45.86 40.07 93.89 19.03 59.87

34.98 36.60 30.97 37.66 53.95 42.07 101.81 21.39 63.80

35.44 37.31 29.99 38.65 57.91 45.63 106.60 22.18 63.27

34.14 38.28 37.80 39.35 56.28 44.62 105.25 23.74 61.62

34.63 38.54 36.76 39.83 58.36 45.90 108.05 24.60 62.28



27.22 58.09 23.79 37.90 20.75 37.31 15.16 16.60 31.62

26.65 48.17 20.98 36.15 20.09 32.98 14.17 15.44 27.67

28.28 51.39 21.12 37.19 19.29 36.07 14.19 16.74 28.71

27.81 47.71 19.87 36.81 18.39 32.21 13.94 19.77 28.36

26.20 52.77 21.54 39.42 20.19 34.22 15.17 20.31 31.78

26.38 56.31 21.21 33.20 21.19 38.44 13.86 20.81 33.29

25.97 54.67 20.93 33.78 19.43 42.56 16.00 22.82 32.79

30.06 57.94 24.27 34.73 20.37 46.26 18.17 24.76 35.51

32.68 65.52 26.69 37.05 19.70 46.65 19.19 27.89 35.30

33.75 64.20 27.53 38.42 17.54 43.85 19.33 31.84 34.49

33.11 66.31 29.23 37.92 17.66 42.58 18.19 29.37 35.20

36.78 72.48 30.74 33.65 18.80 48.86 23.24 30.46 38.22

37.01 68.24 29.76 30.76 20.92 45.14 23.58 30.77 33.42

25.70 55.20 25.15 28.25 19.84 42.36 20.57 26.11 32.21

21.11 48.97 26.63 30.39 22.31 47.54 23.60 29.69 29.9528.05 57.41 29.91 32.83 24.67 49.56 22.70 30.13 37.47

31.33 59.66 31.29 33.43 26.99 56.93 26.16 31.48 37.02

35.06 57.05 34.30 29.53 26.03 54.31 29.74 35.15 38.58

38.19 55.61 35.20 32.23 22.81 54.04 37.53 36.18 38.52

39.52 54.40 37.96 30.98 19.04 60.02 32.20 37.17 37.94

40.39 52.40 40.52 29.59 17.31 59.21 38.44 39.09 41.52

41.16 58.10 37.90 37.23 17.25 52.00 34.87 32.42 39.89

36.10 58.48 34.47 36.10 18.97 49.97 34.61 30.20 39.7043.15 53.06 36.83 36.60 19.98 54.62 38.68 30.77 37.47

38.63 51.83 37.33 37.02 18.52 50.17 36.80 28.69 38.64

41.95 51.18 37.10 40.01 18.61 49.85 39.70 32.04 42.35

37.78 41.41 38.77 40.67 17.21 48.29 38.84 30.46 40.00

43.98 50.64 36.98 40.25 13.27 59.28 39.70 33.69 44.89

38.94 57.91 41.06 40.68 13.21 58.63 39.05 31.16 46.23

39.16 50.11 36.18 41.67 11.80 50.25 50.07 27.60 46.90

40.90 49.42 33.55 39.86 10.71 58.80 41.98 30.79 43.38

40.36 41.84 28.49 37.79 10.36 46.04 38.33 27.40 37.7244.19 40.54 33.55 37.95 10.90 46.69 45.57 31.18 24.36

36.75 40.80 34.16 37.12 11.49 52.22 29.92 35.93 25.77

38.06 46.10 32.14 36.98 13.73 56.29 26.83 38.03 28.68

35.20 49.76 29.56 35.80 14.21 57.80 34.31 41.02 24.47

38.34 53.12 28.44 38.84 13.50 54.06 29.94 37.07 24.73

43.01 45.61 26.82 40.36 15.91 52.97 29.94 36.95 26.83

35.55 47.91 27.09 39.54 16.03 56.42 25.87 38.47 29.07

35.26 52.48 27.82 41.92 19.95 68.17 29.54 36.99 31.1428.58 54.59 28.79 43.60 20.80 70.25 24.61 38.03 32.64

35.21 53.11 30.71 52.61 24.29 71.23 18.61 39.48 34.20

42.93 50.55 26.51 48.31 24.29 62.52 26.19 38.75 31.47

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37.76 40.40 24.84 52.23 27.96 58.05 29.06 37.25 26.47

38.68 41.46 27.35 52.31 28.69 56.04 29.67 36.99 28.31

35.00 39.52 24.44 50.33 27.93 49.07 31.31 34.54 28.12

34.33 39.17 26.32 49.35 25.67 52.19 28.39 35.55 31.47

31.24 42.74 27.13 46.18 26.74 50.24 24.47 33.13 32.86

27.08 41.14 24.52 43.65 27.24 51.40 21.95 34.68 32.26

28.31 42.05 23.55 46.30 26.40 49.25 24.94 36.24 32.87

30.20 41.39 24.48 51.09 26.61 52.29 27.54 37.55 34.51

29.11 41.56 24.14 52.71 26.19 45.62 28.41 34.55 35.26

27.52 38.56 24.79 49.49 28.63 45.91 27.33 36.13 36.57

23.64 41.77 23.80 52.87 30.08 47.58 25.02 35.63 37.96

28.82 46.26 25.31 51.56 30.42 44.92 25.87 34.57 40.3328.65 49.13 25.90 56.40 31.44 42.40 22.41 31.62 40.58

29.34 49.18 27.31 56.51 33.07 44.55 21.84 30.20 40.26

27.68 49.75 25.95 55.41 25.55 39.76 23.46 30.55 40.46

20.59 44.37 22.57 56.69 26.93 38.95 20.58 28.24 40.52

21.78 45.31 21.67 56.56 29.24 39.67 21.05 28.99 40.37

15.67 42.78 16.11 49.78 23.00 36.16 18.76 25.43 40.70

17.42 41.46 16.52 57.47 24.16 42.91 22.93 27.85 40.46

21.13 40.89 17.11 59.07 22.36 47.00 24.74 27.74 38.6720.15 39.28 14.87 56.09 24.40 45.06 22.17 26.90 39.31

19.88 36.25 13.17 56.66 22.80 44.09 20.36 26.84 39.33

19.31 36.03 12.59 57.33 23.27 41.99 20.40 26.37 37.62

20.19 36.48 13.37 59.46 18.37 43.91 20.83 27.55 40.93

25.35 36.41 15.81 57.64 18.86 46.64 22.00 27.19 41.49

28.38 41.07 17.32 58.14 25.32 44.56 21.18 27.55 42.40

29.52 42.02 20.40 59.29 28.27 48.85 22.06 30.33 41.18

30.58 40.72 21.28 64.45 24.89 44.60 22.73 29.63 40.78

29.85 39.40 20.73 65.80 25.64 42.89 22.82 26.70 40.5129.95 39.09 21.77 63.80 27.70 43.47 23.92 27.11 43.08

31.62 42.22 23.12 72.85 29.41 38.00 22.62 28.19 45.83

31.18 42.51 24.07 73.32 32.89 34.86 22.25 30.09 44.88

32.35 46.40 23.32 78.88 34.86 40.02 23.69 31.67 46.58

34.58 45.02 24.17 73.37 35.60 41.23 23.93 32.84 47.35

36.47 45.67 26.58 72.70 36.86 41.65 22.96 33.00 48.02

37.30 46.22 26.83 76.29 35.29 38.58 21.57 31.56 49.13

33.70 46.46 25.57 80.58 35.89 41.03 22.61 32.20 49.8033.02 47.18 24.79 79.14 31.09 41.29 22.70 31.97 50.75

34.75 46.61 24.42 84.24 32.90 41.79 24.72 31.02 51.25

33.76 40.50 25.83 77.08 31.29 39.89 24.65 28.92 49.32

35.79 41.28 25.37 77.43 32.17 39.56 23.69 29.72 52.94

35.93 37.19 26.32 75.18 31.38 29.28 24.00 27.84 51.19

35.20 37.76 27.38 72.93 32.32 27.78 24.28 26.33 48.64

34.33 36.74 29.40 75.16 38.35 24.86 25.93 25.41 50.82

35.57 38.91 30.67 77.50 41.25 28.91 25.85 24.61 52.34

34.34 38.77 30.98 79.66 43.09 25.23 25.42 22.11 50.81

33.62 40.00 31.64 79.66 44.32 28.51 24.41 24.24 50.68

31.83 39.20 29.79 81.32 44.64 29.46 23.45 24.22 50.59

32 98 40 86 28 04 72 57 44 37 30 85 24 55 25 05 51 96



32.82 39.52 26.54 68.99 44.61 28.37 24.18 25.60 50.61

32.97 41.43 29.82 71.57 46.20 28.60 24.93 24.60 53.65

31.79 41.65 31.04 68.30 48.78 26.35 26.73 23.82 53.51

31.83 41.15 32.03 70.42 51.42 25.40 25.12 23.35 57.34

34.70 40.76 30.23 72.93 52.36 26.34 25.09 20.33 54.27

36.25 40.94 33.04 75.73 50.78 27.80 27.10 19.99 55.43

37.61 38.66 32.92 74.79 52.68 30.07 25.61 21.99 56.10

37.99 39.68 34.18 70.20 51.00 32.62 27.56 24.22 57.69

39.32 40.25 34.08 71.46 50.69 32.96 26.40 24.94 58.37

39.80 40.45 33.54 73.50 50.50 33.67 26.73 23.73 56.13

43.72 40.53 33.75 82.96 52.14 32.90 23.73 24.12 57.01

41.08 42.53 32.38 81.67 51.56 32.19 22.34 22.74 53.1340.47 41.86 32.80 78.85 52.93 35.23 22.98 22.56 54.45

44.31 43.30 34.55 68.73 57.64 38.94 23.73 24.98 55.35

44.35 43.60 35.04 70.45 60.21 39.57 25.44 26.74 60.96

45.62 43.78 38.19 73.13 55.76 40.89 27.07 27.51 61.04

46.41 45.77 40.92 77.47 59.24 44.33 28.42 25.85 62.74

45.28 46.19 41.97 80.50 61.33 43.44 29.16 26.90 62.15

47.25 47.59 44.33 77.01 63.14 42.91 29.66 25.35 63.61

50.18 47.22 44.35 73.42 64.30 44.04 30.65 25.68 64.5148.66 46.04 43.69 73.67 62.01 43.45 28.08 24.70 63.14

47.67 47.68 45.05 76.00 65.25 43.84 27.78 24.99 62.81

51.70 51.84 48.28 82.31 68.24 51.06 29.84 26.18 64.40

51.43 52.64 50.55 87.96 70.40 52.06 30.69 27.49 63.55

48.08 52.31 50.76 86.79 70.14 49.80 29.47 25.57 61.19

48.79 52.67 51.21 87.76 71.16 49.82 29.99 25.90 61.67



20.80 18.24 24.39 17.29 25.62

19.11 16.90 24.32 16.37 24.56

21.59 17.54 27.03 16.92 25.71

22.52 15.16 27.13 16.17 24.66

25.70 16.30 30.27 18.51 24.65

25.93 15.83 30.86 18.25 24.73

27.69 17.67 31.66 18.42 23.97

26.93 19.49 30.70 21.43 25.93

30.88 20.14 34.98 23.55 27.51

29.67 21.48 32.25 23.43 29.72

27.84 20.59 31.58 25.55 28.84

28.64 20.26 31.46 28.19 29.20

29.49 21.00 31.52 29.30 28.74

27.41 15.96 30.68 27.38 26.93

31.96 16.81 33.67 25.38 29.0733.52 20.95 37.25 32.09 29.48

34.70 23.66 38.96 34.99 31.04

38.82 24.01 37.82 37.88 30.26

39.26 26.37 42.31 40.00 29.08

38.44 27.42 40.64 40.06 27.71

34.31 29.99 36.45 42.93 29.37

40.72 32.08 40.94 42.84 34.58

37.35 27.55 38.90 39.70 33.41

42.37 31.96 46.44 44.99 32.26

41.91 29.60 45.75 39.39 33.20

35.26 29.43 43.83 41.31 33.16

37.65 26.39 48.12 44.39 31.96

38.90 26.92 46.70 52.56 31.14

38.82 25.23 45.86 53.79 33.55

35.95 29.03 44.27 64.56 34.08

31.79 23.64 44.83 51.14 35.05

27.99 22.84 35.42 45.53 32.0331.24 28.33 44.24 52.84 33.18

32.66 27.88 43.69 51.79 33.05

32.57 27.18 38.50 53.90 35.63

32.80 26.48 37.00 53.96 33.57

31.91 26.25 34.33 51.73 34.29

31.31 28.17 31.96 44.59 35.10

37.39 31.29 35.57 45.11 38.32

43.46 31.49 42.79 42.53 38.3541.39 32.05 41.59 48.92 38.02

35.97 35.58 37.10 49.86 37.57

36.61 33.94 40.96 53.30 36.36

A///

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31.42 35.44 41.37 48.63 38.48

32.79 37.92 41.20 48.64 38.74

30.51 33.35 40.19 45.93 38.14

34.51 33.41 40.97 52.61 36.46

31.35 31.23 37.83 45.22 35.25

36.11 21.23 40.94 46.66 34.60

29.37 24.61 37.95 48.45 34.64

28.81 27.60 35.81 51.99 33.03

30.19 29.63 36.16 54.32 34.71

29.05 31.51 35.59 56.61 34.49

29.35 33.56 35.93 58.53 36.69

29.04 34.14 35.40 57.92 38.9424.27 32.29 31.06 52.78 35.69

26.79 31.80 33.30 51.12 35.68

23.83 31.35 31.09 52.05 36.57

21.80 32.09 25.81 46.53 32.85

19.49 27.53 24.25 50.60 31.88

15.84 26.18 21.46 46.65 28.69

20.48 28.58 29.89 50.74 30.27

22.75 29.07 33.15 51.07 31.50

21.64 28.82 30.67 47.93 31.63

19.68 29.59 30.57 45.36 30.92

16.75 27.37 27.62 45.60 31.01

16.16 26.99 28.23 49.45 31.85

19.10 28.88 30.18 53.53 32.08

20.82 32.01 30.56 50.01 33.41

20.90 33.22 31.85 51.10 32.96

19.39 35.29 28.53 53.23 32.66

18.64 37.77 28.79 56.33 34.8418.47 36.37 26.45 53.17 33.83

20.24 39.86 27.71 56.21 33.81

19.65 40.50 27.08 53.06 33.69

22.00 44.79 28.93 50.67 38.16

21.77 45.15 30.72 51.44 37.96

20.50 43.69 31.95 56.89 39.49

20.95 40.94 30.45 57.15 38.95

21.53 40.92 31.78 54.57 39.8520.49 40.31 29.12 53.48 40.77

20.97 43.58 30.47 50.38 41.86

22.20 44.54 32.80 50.87 43.64

22.59 44.91 33.41 50.66 43.71

22.73 44.65 33.52 51.17 45.83

22.38 44.39 33.59 51.87 46.67

22.30 46.83 35.42 50.08 48.86

22.83 49.60 34.80 50.93 48.87

21.32 48.32 30.87 50.53 49.1921.59 48.14 31.20 49.77 60.65

21.26 49.00 30.80 48.46 57.10

21 65 49 03 31 41 45 59 54 64



21.60 49.71 30.32 46.76 55.34

22.54 49.08 30.39 47.88 56.57

22.20 48.61 29.04 43.76 57.96

22.10 50.40 29.02 42.65 61.48

22.29 49.85 28.33 46.04 54.32

23.28 52.56 28.75 47.26 56.44

22.89 54.58 27.08 45.69 54.63

24.58 56.98 28.83 45.01 61.03

26.13 57.32 30.69 44.28 58.05

25.61 56.81 31.02 46.29 59.50

25.14 61.55 30.44 44.12 61.67

24.99 61.51 28.76 47.64 59.8526.75 62.40 30.86 47.36 60.28

29.11 61.19 31.55 43.76 66.56

30.22 61.97 32.82 44.14 66.80

31.60 62.60 34.64 48.68 66.24

33.59 64.94 34.89 48.64 70.51

33.25 64.03 34.19 45.50 76.16

35.06 62.03 36.44 45.75 75.98

37.29 67.49 38.11 47.24 73.47

36.47 65.39 37.00 47.86 71.37

39.07 64.75 37.52 46.73 75.13

38.72 66.87 38.18 47.70 79.04

41.34 70.55 43.53 47.60 83.17

41.50 70.93 41.17 48.11 83.88

40.96 72.12 41.98 48.09 85.16



Month! "t#t$"t$%" && JNJ

Ave!age 0.68? 0.72?

S$g#a 10.12? 5.84?

ova!$ance 0.0002 0.0002

o!!elat$on 0.0398 0.0398

&nn'# "t#t$"t$%" && JNJ

Ave!age 8.11? 8.61?

S$g#a 121.49? 70.10?

D#$! D#$!

&& R(t')n" JNJ R(t')n"

1-Jul-97 18.38 26.34

1-Aug-97 17.13 -7.04? 24.12 -8.80?

2-Sep-97 17.08 -0.29? 24.55 1.77?

1-Oct-97 15.20 -11.66? 24.41 -0.57?

3-Nov-97 14.05 -7.87? 26.88 9.64?

1-Dec-97 14.71 4.59? 28.13 4.55?

2-Jan-98 15.96 8.16? 28.59 1.62?

2-Feb-98 15.41 -3.51? 32.29 12.17?

2-a!-98 14.45 -6.43? 31.46 -2.60?

1-Ap!-98 16.27 11.86? 30.63 -2.67?

1-a"-98 14.61 -10.76? 29.69 -3.12?

1-Jun-98 13.89 -5.05? 31.81 6.90?1-Jul-98 14.60 4.99? 33.21 4.31?

3-Aug-98 12.66 -14.26? 29.76 -10.97?

1-Sep-98 15.02 17.09? 33.75 12.58?

1-Oct-98 16.76 10.96? 35.15 4.06?

2-Nov-98 15.75 -6.22? 35.15 0.00?

1-Dec-98 15.82 0.44? 36.28 3.16?

4-Jan-99 17.73 11.40? 36.82 1.48?

1-Feb-99 17.27 -2.63? 37.04 0.60?

1-a!-99 17.56 1.67? 40.57 9.10?

1-Ap!-99 26.54 41.30? 42.30 4.18?

3-a"-99 23.53 -12.04? 40.31 -4.82?

1-Jun-99 26.47 11.77? 42.65 5.64?

1-Jul-99 25.62 -3.26? 39.63 -7.34?

2-Aug-99 27.71 7.84? 44.63 11.88?

1-Sep-99 26.63 -3.98? 40.10 -10.70?

1-Oct-99 26.07 -2.13? 45.72 13.12?

1-Nov-99 28.20 7.85? 45.41 -0.68?1-Dec-99 35.74 23.69? 40.81 -10.68?

3-Jan-00 30.01 -17.47? 37.66 -8.03?

1-Feb-00 29 60 -1 38? 31 62 -17 48?

&LCO& *&&+ &ND JONSON JONSON *JNJ+

R(t')n "t#t$"t$%", 1997-2007

A B C D E F G

1

2

3

4

5

6

7

8

910

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

2627

28

29

30

31

32

33

34

35

36

37

38

39

40

41

42

43

44

45

46



1-a"-00 25.35 -10.05? 39.45 8.49?

1-Jun-00 25.16 -0.75? 44.91 12.96?

3-Jul-00 26.24 4.20? 41.02 -9.06?

1-Aug-00 28.98 9.93? 40.67 -0.86?

1-Sep-00 22.05 -27.33? 41.55 2.14?

2-Oct-00 24.99 12.52? 40.74 -1.97?

1-Nov-00 24.66 -1.33? 44.38 8.56?

1-Dec-00 29.31 17.27? 46.62 4.92?

2-Jan-01 32.28 9.65? 41.33 -12.04?

1-Feb-01 31.42 -2.70? 43.34 4.75?

1-a!-01 31.59 0.54? 38.95 -10.68?2-Ap!-01 36.37 14.09? 42.96 9.80?

1-a"-01 38.05 4.52? 43.32 0.83?

1-Jun-01 35.27 -7.59? 44.65 3.02?

2-Jul-01 34.59 -1.95? 48.35 7.96?

1-Aug-01 33.74 -2.49? 47.26 -2.28?

4-Sep-01 27.45 -20.63? 49.68 4.99?

1-Oct-01 28.69 4.42? 51.93 4.43?

1-Nov-01 34.32 17.92? 52.39 0.88?

3-Dec-01 31.61 -8.23? 53.15 1.44?

2-Jan-02 31.88 0.85? 51.72 -2.73?

1-Feb-02 33.56 5.14? 54.94 6.04?

1-a!-02 33.71 0.45? 58.60 6.45?

1-Ap!-02 30.40 -10.34? 57.61 -1.70?

1-a"-02 31.38 3.17? 55.54 -3.66?

3-Jun-02 29.74 -5.37? 47.31 -16.04?

1-Jul-02 24.41 -19.75? 47.62 0.65?

1-Aug-02 22.64 -7.53? 49.34 3.55?3-Sep-02 17.41 -26.27? 49.13 -0.43?

1-Oct-02 19.91 13.42? 53.38 8.30?

1-Nov-02 23.20 15.29? 51.98 -2.66?

2-Dec-02 20.69 -11.45? 48.96 -5.99?

2-Jan-03 17.95 -14.21? 48.87 -0.18?

3-Feb-03 18.76 4.41? 48.01 -1.78?

3-a!-03 17.74 -5.59? 52.97 9.83?

1-Ap!-03 21.13 17.49? 51.59 -2.64?1-a"-03 22.67 7.03? 49.97 -3.19?

2-Jun-03 23.49 3.55? 47.53 -5.01?

1-Jul-03 25.59 8.56? 47.61 0.17?

1-Aug-03 26.46 3.34? 45.80 -3.88?

2-Sep-03 24.24 -8.76? 45.74 -0.13?

1-Oct-03 29.25 18.79? 46.49 1.63?

3-Nov-03 30.54 4.32? 45.76 -1.58?

1-Dec-03 35.37 14.68? 47.95 4.67?

2-Jan-04 31.82 -10.58? 49.58 3.34?2-Feb-04 35.03 9.61? 50.26 1.36?

1-a!-04 32.44 -7.68? 47.28 -6.11?

1 Ap! 04 28 75 12 08? 50 37 6 33?

A B C D E F G

49

50

51

52

53

54

55

56

57

58

59

60

61

62

63

64

65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

81

82

83

84

85

86

87

88

89

90

91

92

93

94

95

96



1-Jun-04 31.03 5.36? 52.20 -0.02?

1-Jul-04 30.09 -3.08? 51.79 -0.79?

2-Aug-04 30.57 1.58? 54.72 5.50?

1-Sep-04 31.71 3.66? 53.06 -3.08?

1-Oct-04 30.68 -3.30? 54.99 3.57?

1-Nov-04 32.23 4.93? 57.08 3.73?

1-Dec-04 29.79 -7.87? 60.02 5.02?

3-Jan-05 27.99 -6.23? 61.23 2.00?

1-Feb-05 30.62 8.98? 62.35 1.81?

1-a!-05 28.97 -5.54? 63.83 2.35?

1-Ap!-05 27.67 -4.59? 65.23 2.17?2-a"-05 25.97 -6.34? 64.09 -1.76?

1-Jun-05 25.04 -3.65? 62.08 -3.19?

1-Jul-05 26.88 7.09? 61.09 -1.61?

1-Aug-05 25.81 -4.06? 60.86 -0.38?

1-Sep-05 23.52 -9.29? 60.75 -0.18?

3-Oct-05 23.40 -0.51? 60.12 -1.04?

1-Nov-05 26.56 12.67? 59.59 -0.89?

1-Dec-05 28.66 7.61? 58.00 -2.70?

3-Jan-06 30.53 6.32? 55.53 -4.35?

1-Feb-06 28.55 -6.71? 55.95 0.75?

1-a!-06 29.76 4.15? 57.47 2.68?

3-Ap!-06 32.89 10.00? 56.88 -1.03?

1-a"-06 31.02 -5.85? 58.81 3.34?

1-Jun-06 31.65 2.01? 58.51 -0.51?

3-Jul-06 29.29 -7.75? 61.08 4.30?

1-Aug-06 28.11 -4.11? 63.51 3.90?

1-Sep-06 27.57 -1.94? 63.78 0.42?2-Oct-06 28.42 3.04? 66.20 3.72?

1-Nov-06 30.80 8.04? 65.10 -1.68?

1-Dec-06 29.71 -3.60? 65.21 0.17?

3-Jan-07 32.14 7.86? 65.98 1.17?

1-Feb-07 33.25 3.40? 62.52 -5.39?

1-a!-07 33.73 1.43? 59.87 -4.33?

2-Ap!-07 35.32 4.61? 63.80 6.36?

1-a"-07 41.28 15.59? 63.27 -0.83?

1-Jun-07 40.53 -1.83? 61.62 -2.64?

2-Jul-07 41.35 2.00? 62.28 1.07?

A B C D E F G

98

99

100

101

102

103

104

105

106

107

108109

110

111

112

113

114

115

116

117

118

119

120

121

122

123

124

125

126

127

128

129

130

131

132

133

134

135



&LCO& *&&+ &ND JONSON JONSON *JNJ+

Month! "t#t$"t$%"&& JNJ

Ave!age 0.47? 0.88? 0.99? 0.45?

S$g#a 11.38? 8.69? 7.49? 3.47?

ova!$ance -0.01? -0.01?

o!!elat$on -0.53? -0.53?

&nn'# "t#t$"t$%" && JNJ Ave!age 5.67? 11.84?

S$g#a 136.50? 89.84?

&&

1-Jul-97 18.38 1-Jul-02 24.41 1-Jul-97 26.34

1-Aug-97 17.13 -7.04? 1-Aug-02 22.64 -7.53? 1-Aug-97 24.12

2-Sep-97 17.08 -0.29? 3-Sep-02 17.41 -26.27? 2-Sep-97 24.55

1-Oct-97 15.20 -11.66? 1-Oct-02 19.91 13.42? 1-Oct-97 24.41

3-Nov-97 14.05 -7.87? 1-Nov-02 23.20 15.29? 3-Nov-97 26.88

1-Dec-97 14.71 4.59? 2-Dec-02 20.69 -11.45? 1-Dec-97 28.13

2-Jan-98 15.96 8.16? 2-Jan-03 17.95 -14.21? 2-Jan-98 28.59

2-Feb-98 15.41 -3.51? 3-Feb-03 18.76 4.41? 2-Feb-98 32.29

2-a!-98 14.45 -6.43? 3-a!-03 17.74 -5.59? 2-a!-98 31.46

1-Ap!-98 16.27 11.86? 1-Ap!-03 21.13 17.49? 1-Ap!-98 30.63

1-a"-98 14.61 -10.76? 1-a"-03 22.67 7.03? 1-a"-98 29.69

1-Jun-98 13.89 -5.05? 2-Jun-03 23.49 3.55? 1-Jun-98 31.81

1-Jul-98 14.60 4.99? 1-Jul-03 25.59 8.56? 1-Jul-98 33.21

3-Aug-98 12.66 -14.26? 1-Aug-03 26.46 3.34? 3-Aug-98 29.76

1-Sep-98 15.02 17.09? 2-Sep-03 24.24 -8.76? 1-Sep-98 33.75

1-Oct-98 16.76 10.96? 1-Oct-03 29.25 18.79? 1-Oct-98 35.15

2-Nov-98 15.75 -6.22? 3-Nov-03 30.54 4.32? 2-Nov-98 35.15

1-Dec-98 15.82 0.44? 1-Dec-03 35.37 14.68? 1-Dec-98 36.28

4-Jan-99 17.73 11.40? 2-Jan-04 31.82 -10.58? 4-Jan-99 36.82

1-Feb-99 17.27 -2.63? 2-Feb-04 35.03 9.61? 1-Feb-99 37.04

1-a!-99 17.56 1.67? 1-a!-04 32.44 -7.68? 1-a!-99 40.571-Ap!-99 26.54 41.30? 1-Ap!-04 28.75 -12.08? 1-Ap!-99 42.30

3-a"-99 23.53 -12.04? 3-a"-04 29.41 2.27? 3-a"-99 40.31

1-Jun-99 26.47 11.77? 1-Jun-04 31.03 5.36? 1-Jun-99 42.65

1-Jul-99 25.62 -3.26? 1-Jul-04 30.09 -3.08? 1-Jul-99 39.63

2-Aug-99 27.71 7.84? 2-Aug-04 30.57 1.58? 2-Aug-99 44.63

1-Sep-99 26.63 -3.98? 1-Sep-04 31.71 3.66? 1-Sep-99 40.10

1-Oct-99 26.07 -2.13? 1-Oct-04 30.68 -3.30? 1-Oct-99 45.72

1-Nov-99 28.20 7.85? 1-Nov-04 32.23 4.93? 1-Nov-99 45.411-Dec-99 35.74 23.69? 1-Dec-04 29.79 -7.87? 1-Dec-99 40.81

3-Jan-00 30.01 -17.47? 3-Jan-05 27.99 -6.23? 3-Jan-00 37.66

1 Feb 00 29 60 1 38? 1 Feb 05 30 62 8 98? 1 Feb 00 31 62

1997 -

2002

2002 -

2007

1997 -

2002

2002 -

2007



2-Oct-00 24.99 12.52? 3-Oct-05 23.40 -0.51? 2-Oct-00 40.74

1-Nov-00 24.66 -1.33? 1-Nov-05 26.56 12.67? 1-Nov-00 44.38

1-Dec-00 29.31 17.27? 1-Dec-05 28.66 7.61? 1-Dec-00 46.62

2-Jan-01 32.28 9.65? 3-Jan-06 30.53 6.32? 2-Jan-01 41.33

1-Feb-01 31.42 -2.70? 1-Feb-06 28.55 -6.71? 1-Feb-01 43.34

1-a!-01 31.59 0.54? 1-a!-06 29.76 4.15? 1-a!-01 38.95

2-Ap!-01 36.37 14.09? 3-Ap!-06 32.89 10.00? 2-Ap!-01 42.96

1-a"-01 38.05 4.52? 1-a"-06 31.02 -5.85? 1-a"-01 43.32

1-Jun-01 35.27 -7.59? 1-Jun-06 31.65 2.01? 1-Jun-01 44.65

2-Jul-01 34.59 -1.95? 3-Jul-06 29.29 -7.75? 2-Jul-01 48.35

1-Aug-01 33.74 -2.49? 1-Aug-06 28.11 -4.11? 1-Aug-01 47.26

4-Sep-01 27.45 -20.63? 1-Sep-06 27.57 -1.94? 4-Sep-01 49.68

1-Oct-01 28.69 4.42? 2-Oct-06 28.42 3.04? 1-Oct-01 51.93

1-Nov-01 34.32 17.92? 1-Nov-06 30.80 8.04? 1-Nov-01 52.39

3-Dec-01 31.61 -8.23? 1-Dec-06 29.71 -3.60? 3-Dec-01 53.15

2-Jan-02 31.88 0.85? 3-Jan-07 32.14 7.86? 2-Jan-02 51.72

1-Feb-02 33.56 5.14? 1-Feb-07 33.25 3.40? 1-Feb-02 54.94

1-a!-02 33.71 0.45? 1-a!-07 33.73 1.43? 1-a!-02 58.60

1-Ap!-02 30.40 -10.34? 2-Ap!-07 35.32 4.61? 1-Ap!-02 57.61

1-a"-02 31.38 3.17? 1-a"-07 41.28 15.59? 1-a"-02 55.543-Jun-02 29.74 -5.37? 1-Jun-07 40.53 -1.83? 3-Jun-02 47.31

1-Jul-02 24.41 -19.75? 2-Jul-07 41.35 2.00? 1-Jul-02 47.62



JNJ

1-Jul-02 47.62

-8.80? 1-Aug-02 49.34 3.55?

1.77? 3-Sep-02 49.13 -0.43?

-0.57? 1-Oct-02 53.38 8.30?

9.64? 1-Nov-02 51.98 -2.66?

4.55? 2-Dec-02 48.96 -5.99?

1.62? 2-Jan-03 48.87 -0.18?

12.17? 3-Feb-03 48.01 -1.78?

-2.60? 3-a!-03 52.97 9.83?

-2.67? 1-Ap!-03 51.59 -2.64?

-3.12? 1-a"-03 49.97 -3.19?

6.90? 2-Jun-03 47.53 -5.01?

4.31? 1-Jul-03 47.61 0.17?

-10.97? 1-Aug-03 45.80 -3.88?

12.58? 2-Sep-03 45.74 -0.13?

4.06? 1-Oct-03 46.49 1.63?

0.00? 3-Nov-03 45.76 -1.58?

3.16? 1-Dec-03 47.95 4.67?

1.48? 2-Jan-04 49.58 3.34?

0.60? 2-Feb-04 50.26 1.36?

9.10? 1-a!-04 47.28 -6.11?4.18? 1-Ap!-04 50.37 6.33?

-4.82? 3-a"-04 52.21 3.59?

5.64? 1-Jun-04 52.20 -0.02?

-7.34? 1-Jul-04 51.79 -0.79?

11.88? 2-Aug-04 54.72 5.50?

-10.70? 1-Sep-04 53.06 -3.08?

13.12? 1-Oct-04 54.99 3.57?

-0.68? 1-Nov-04 57.08 3.73?-10.68? 1-Dec-04 60.02 5.02?

-8.03? 3-Jan-05 61.23 2.00?

17 48? 1 Feb 05 62 35 1 81?



-1.97? 3-Oct-05 60.12 -1.04?

8.56? 1-Nov-05 59.59 -0.89?

4.92? 1-Dec-05 58.00 -2.70?

-12.04? 3-Jan-06 55.53 -4.35?

4.75? 1-Feb-06 55.95 0.75?

-10.68? 1-a!-06 57.47 2.68?

9.80? 3-Ap!-06 56.88 -1.03?

0.83? 1-a"-06 58.81 3.34?

3.02? 1-Jun-06 58.51 -0.51?

7.96? 3-Jul-06 61.08 4.30?

-2.28? 1-Aug-06 63.51 3.90?

4.99? 1-Sep-06 63.78 0.42?

4.43? 2-Oct-06 66.20 3.72?

0.88? 1-Nov-06 65.10 -1.68?

1.44? 1-Dec-06 65.21 0.17?

-2.73? 3-Jan-07 65.98 1.17?

6.04? 1-Feb-07 62.52 -5.39?

6.45? 1-a!-07 59.87 -4.33?

-1.70? 2-Ap!-07 63.80 6.36?

-3.66? 1-a"-07 63.27 -0.83?-16.04? 1-Jun-07 61.62 -2.64?

0.65? 2-Jul-07 62.28 1.07?



MERCK *MRK+ &ND JONSON JONSON *JNJ+

Month! "t#t$"t$%"MRK JNJ

Ave!age 0.07? 0.41? 0.99? 0.45? @<A;(B

S$g#a 9.08? 7.98? 7.49? 3.47? @<A;(B

ova!$ance -0.21? -0.21?

o!!elat$on -29.33? -29.33? @<A;(B

&nn'# "t#t$"t$%" MRK JNJ Ave!age 0.86? 4.92? 11.84? 5.37? @<A;(B

S$g#a 108.97? 95.80? 89.84? 41.66? @<A;(B

MRK

1-Jul-97 37.31 1-Jul-02 38.95 1-Jul-97 26.34

1-Aug-97 32.98 -12.34? 1-Aug-02 39.67 1.83? 1-Aug-97 24.12

2-Sep-97 36.07 8.96? 3-Sep-02 36.16 -9.26? 2-Sep-97 24.55

1-Oct-97 32.21 -11.32? 1-Oct-02 42.91 17.12? 1-Oct-97 24.41

3-Nov-97 34.22 6.05? 1-Nov-02 47.00 9.10? 3-Nov-97 26.88

1-Dec-97 38.44 11.63? 2-Dec-02 45.06 -4.22? 1-Dec-97 28.13

2-Jan-98 42.56 10.18? 2-Jan-03 44.09 -2.18? 2-Jan-98 28.59

2-Feb-98 46.26 8.34? 3-Feb-03 41.99 -4.88? 2-Feb-98 32.29

2-a!-98 46.65 0.84? 3-a!-03 43.91 4.47? 2-a!-98 31.46

1-Ap!-98 43.85 -6.19? 1-Ap!-03 46.64 6.03? 1-Ap!-98 30.63

1-a"-98 42.58 -2.94? 1-a"-03 44.56 -4.56? 1-a"-98 29.69

1-Jun-98 48.86 13.76? 2-Jun-03 48.85 9.19? 1-Jun-98 31.81

1-Jul-98 45.14 -7.92? 1-Jul-03 44.60 -9.10? 1-Jul-98 33.21

3-Aug-98 42.36 -6.36? 1-Aug-03 42.89 -3.91? 3-Aug-98 29.76

1-Sep-98 47.54 11.54? 2-Sep-03 43.47 1.34? 1-Sep-98 33.75

1-Oct-98 49.56 4.16? 1-Oct-03 38.00 -13.45? 1-Oct-98 35.15

2-Nov-98 56.93 13.86? 3-Nov-03 34.86 -8.62? 2-Nov-98 35.15

1-Dec-98 54.31 -4.71? 1-Dec-03 40.02 13.80? 1-Dec-98 36.28

4-Jan-99 54.04 -0.50? 2-Jan-04 41.23 2.98? 4-Jan-99 36.82

1-Feb-99 60.02 10.50? 2-Feb-04 41.65 1.01? 1-Feb-99 37.04

1-a!-99 59.21 -1.36? 1-a!-04 38.58 -7.66? 1-a!-99 40.571-Ap!-99 52.00 -12.98? 1-Ap!-04 41.03 6.16? 1-Ap!-99 42.30

3-a"-99 49.97 -3.98? 3-a"-04 41.29 0.63? 3-a"-99 40.31

1-Jun-99 54.62 8.90? 1-Jun-04 41.79 1.20? 1-Jun-99 42.65

1-Jul-99 50.17 -8.50? 1-Jul-04 39.89 -4.65? 1-Jul-99 39.63

2-Aug-99 49.85 -0.64? 2-Aug-04 39.56 -0.83? 2-Aug-99 44.63

1-Sep-99 48.29 -3.18? 1-Sep-04 29.28 -30.09? 1-Sep-99 40.10

1-Oct-99 59.28 20.50? 1-Oct-04 27.78 -5.26? 1-Oct-99 45.72

1-Nov-99 58.63 -1.10? 1-Nov-04 24.86 -11.11? 1-Nov-99 45.411-Dec-99 50.25 -15.42? 1-Dec-04 28.91 15.09? 1-Dec-99 40.81

3-Jan-00 58.80 15.71? 3-Jan-05 25.23 -13.62? 3-Jan-00 37.66

1 Feb 00 46 04 24 46? 1 Feb 05 28 51 12 22? 1 Feb 00 31 62

1997 -

2002

2002 -

2007

1997 -

2002

2002 -

2007



2-Oct-00 68.17 18.92? 3-Oct-05 26.34 3.63? 2-Oct-00 40.74

1-Nov-00 70.25 3.01? 1-Nov-05 27.80 5.39? 1-Nov-00 44.38

1-Dec-00 71.23 1.39? 1-Dec-05 30.07 7.85? 1-Dec-00 46.62

2-Jan-01 62.52 -13.04? 3-Jan-06 32.62 8.14? 2-Jan-01 41.33

1-Feb-01 61.02 -2.43? 1-Feb-06 32.96 1.04? 1-Feb-01 43.34

1-a!-01 58.00 -5.08? 1-a!-06 33.67 2.13? 1-a!-01 38.95

2-Ap!-01 58.05 0.09? 3-Ap!-06 32.90 -2.31? 2-Ap!-01 42.96

1-a"-01 56.04 -3.52? 1-a"-06 32.19 -2.18? 1-a"-01 43.32

1-Jun-01 49.07 -13.28? 1-Jun-06 35.23 9.02? 1-Jun-01 44.65

2-Jul-01 52.19 6.16? 3-Jul-06 38.94 10.01? 2-Jul-01 48.35

1-Aug-01 50.24 -3.81? 1-Aug-06 39.57 1.60? 1-Aug-01 47.26

4-Sep-01 51.40 2.28? 1-Sep-06 40.89 3.28? 4-Sep-01 49.68

1-Oct-01 49.25 -4.27? 2-Oct-06 44.33 8.08? 1-Oct-01 51.93

1-Nov-01 52.29 5.99? 1-Nov-06 43.44 -2.03? 1-Nov-01 52.39

3-Dec-01 45.62 -13.65? 1-Dec-06 42.91 -1.23? 3-Dec-01 53.15

2-Jan-02 45.91 0.63? 3-Jan-07 44.04 2.60? 2-Jan-02 51.72

1-Feb-02 47.58 3.57? 1-Feb-07 43.45 -1.35? 1-Feb-02 54.94

1-a!-02 44.92 -5.75? 1-a!-07 43.84 0.89? 1-a!-02 58.60

1-Ap!-02 42.40 -5.77? 2-Ap!-07 51.06 15.25? 1-Ap!-02 57.61

1-a"-02 44.55 4.95? 1-a"-07 52.06 1.94? 1-a"-02 55.543-Jun-02 39.76 -11.38? 1-Jun-07 49.80 -4.44? 3-Jun-02 47.31

1-Jul-02 38.95 -2.06? 2-Jul-07 49.82 0.04? 1-Jul-02 47.62



JNJ

1-Jul-02 47.62

-8.80? 1-Aug-02 49.34 3.55?

1.77? 3-Sep-02 49.13 -0.43?

-0.57? 1-Oct-02 53.38 8.30?

9.64? 1-Nov-02 51.98 -2.66?

4.55? 2-Dec-02 48.96 -5.99?

1.62? 2-Jan-03 48.87 -0.18?

12.17? 3-Feb-03 48.01 -1.78?

-2.60? 3-a!-03 52.97 9.83?

-2.67? 1-Ap!-03 51.59 -2.64?

-3.12? 1-a"-03 49.97 -3.19?

6.90? 2-Jun-03 47.53 -5.01?

4.31? 1-Jul-03 47.61 0.17?-10.97? 1-Aug-03 45.80 -3.88?

12.58? 2-Sep-03 45.74 -0.13?

4.06? 1-Oct-03 46.49 1.63?

0.00? 3-Nov-03 45.76 -1.58?

3.16? 1-Dec-03 47.95 4.67?

1.48? 2-Jan-04 49.58 3.34?

0.60? 2-Feb-04 50.26 1.36?

9.10? 1-a!-04 47.28 -6.11?4.18? 1-Ap!-04 50.37 6.33?

-4.82? 3-a"-04 52.21 3.59?

5.64? 1-Jun-04 52.20 -0.02?

-7.34? 1-Jul-04 51.79 -0.79?

11.88? 2-Aug-04 54.72 5.50?

-10.70? 1-Sep-04 53.06 -3.08?

13.12? 1-Oct-04 54.99 3.57?

-0.68? 1-Nov-04 57.08 3.73?-10.68? 1-Dec-04 60.02 5.02?

-8.03? 3-Jan-05 61.23 2.00?

17 48? 1 Feb 05 62 35 1 81?

e!c a a b$g c!$*$* u!$ng te *econpe!$o C<$o)). D$ t$* $#pact te *$g#a

an te co!!elat$onE



-1.97? 3-Oct-05 60.12 -1.04?

8.56? 1-Nov-05 59.59 -0.89?

4.92? 1-Dec-05 58.00 -2.70?

-12.04? 3-Jan-06 55.53 -4.35?

4.75? 1-Feb-06 55.95 0.75?

-10.68? 1-a!-06 57.47 2.68?

9.80? 3-Ap!-06 56.88 -1.03?

0.83? 1-a"-06 58.81 3.34?

3.02? 1-Jun-06 58.51 -0.51?

7.96? 3-Jul-06 61.08 4.30?

-2.28? 1-Aug-06 63.51 3.90?

4.99? 1-Sep-06 63.78 0.42?4.43? 2-Oct-06 66.20 3.72?

0.88? 1-Nov-06 65.10 -1.68?

1.44? 1-Dec-06 65.21 0.17?

-2.73? 3-Jan-07 65.98 1.17?

6.04? 1-Feb-07 62.52 -5.39?

6.45? 1-a!-07 59.87 -4.33?

-1.70? 2-Ap!-07 63.80 6.36?

-3.66? 1-a"-07 63.27 -0.83?-16.04? 1-Jun-07 61.62 -2.64?

0.65? 2-Jul-07 62.28 1.07?



Month! "t#t$"t$%" && JNJ

Ave!age 0.68? 0.72?

S$g#a 10.12? 5.84?

ova!$ance 0.02? @<A;(B

o!!elat$on 0.014? @<A;(B

E @<A;(B

Po)t.o$o %#%'#t$on"

,!opo!t$on o AA 0.5000

,!opo!t$on o JNJ 0.5000 @<A;(B

,o!tol$o #ean !etu!n 0.70? @<A;(B

,o!tol$o *tana! ev$at$on 5.96? @<A;(B

D#t# t#/( #)!$n th( )oo)t$on o. &&

S$g#a ean

0.0596 0.0070 @<A;(B1 0.0822 0.0068

0.9 0.0746 0.0068

0.8 0.0682 0.0068

0.7 0.0634 0.0069

0.6 0.0604 0.0069

0.5 0.0596 0.0070

0.4 0.0611 0.0070

0.3 0.0646 0.00700.2 0.0700 0.0071

0.1 0.0768 0.0071

0 0.0847 0.0072

-0.1 0.0934 0.0072

-0.2 0.1026 0.0073

-0.3 0.1123 0.0073

-0.4 0.1224 0.0073

-0.5 0.1327 0.0074

-0.6 0.1433 0.0074-0.7 0.1540 0.0075

-0.8 0.1648 0.0075

-0.9 0.1758 0.0075

-1 0.1868 0.0076

&LCO& *&&+ &ND JONSON JONSON *

Po)t.o$o

0.0400 0.06

0.0062

0.0064

0.0066

0.0068

0.0070

0.0072

0.0074

0.0076

0.0078

A B C D E F

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

29

30

31

32

33

34

35

36

37

38

39

40

41

42



@<A;(B

@<A;(B

JNJ+

00 0.0800 0.1000 0.1200 0.1400 0.1600 0.1800 0.2000

G H I J K L M

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

29

30

31

32

33

34

35

36

37

38

39

40

41

42



Sou!ce ttpGG.vangua!.co#

1997 33.40? 22.00?

1996 23.00? 26.40?

1995 37.60? 30.10?

1994 1.30? -0.10?

1993 10.10? 19.40?

1992 7.60? 16.50?

1991 30.50? 28.60?

1990 -3.10? -15.50?

1989 31.70? 15.00?

1988 16.60? 28.70?

1987 5.30? 1.20?1986 18.70? 20.30?

1985 31.80? 28.00?

1984 6.30? 19.50?

Ave!age 17.91? 17.15? @<A;(B

Stana! ev$at$on 13.03? 12.82? @<A;(B

ova!$ance o !etu!n* 1.26? 1.26?

Po)t.o$o )(t')n"

,e!centage o S,500 25?

,e!centage o >$n*o! 75? @<A;(B

()pecte po!tol$o !etu!n 17? @<A;(B

<a!$ance o po!tol$o !etu!n 1.50? @<A;(B

Stana! ev. o po!t. !etu!n 12.264? @<A;(B

S$g#a ()p. !etu!n12.26? 17.34?

1 13.03? 17.91?

0.9 12.72? 17.84?

0.8 12.47? 17.76?

0.7 12.28? 17.69?

0.6 12.16? 17.61?

0.5 12.11? 17.53?

0.4 12.12? 17.46?0.3 12.20? 17.38?

0.2 12.34? 17.30?

0 1 12 55? 17 23?

#n'#)45" W$n4"o) F'n4 #n4 In4(6

00 F'n4 R(t')n"

/e &ne) 500 un #$#$c* te S,500 $ne)H te>$n*o! Fun $* an Iagg!e**$veI g!ot un

Y(#) (n4(431 D(%(8/()

In4(6 00F'n4

W$n4"o) F'n4

16.6

16.817.0

17.2

17.4

17.6

17.8

18.0

A B C D E

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

29

30

31

32

33

34

35

36

37

38

39

4041

42

43



-0.2 0.135314 0.1699714286

-0.3 0.139598 0.1692071429

-0.4 0.144323 0.1684428571-0.5 0.149448 0.1676785714

-0.6 0.154933 0.1669142857

-0.7 0.160742 0.16615

-0.8 0.16684 0.1653857143

-0.9 0.173196 0.1646214286

-1 0.179785 0.1638571429

A B C D E

46

47

48

49

50

51

52

53

54



?

??

?

?

?

?

?

F G H I J K L

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

29

30

31

32

33

34

35

36

37

38

39

40

41

42

43



F G H I J K L

46

47

48

49

50

51

52

53

54



'( D ,'

ean 0.59? 0.79? 0.56? @<A;(B

S$g#a 6.59? 8.62? 6.88? @<A;(B

'( D ,'

'( 0.43? 0.27? 0.02?

D 0.27? 0.74? 0.01?,' 0.02? 0.01? 0.47?

Po)t.o$o )oo)t$on"

'( 0.3333

D 0.3333

,' 0.3333 @<A;(B

ean 0.65? @<A;(B<a!$ance 0.55? @<A;(B

S$g#a 7.42? @<A;(B

D#t( E D P

1-Aug-97 -11.38? -5.41? -13.34?

2-Sep-97 8.81? 10.05? 3.69?

1-Oct-97 -5.22? 6.73? -1.23?

3-Nov-97 13.37? 0.58? 11.39?

1-Dec-97 -0.25? 4.96? 4.64?2-Jan-98 5.49? 2.71? -1.51?

2-Feb-98 0.33? 5.46? 7.97?

2-a!-98 10.68? 5.76? -0.59?

1-Ap!-98 -1.15? 3.01? -2.32?

1-a"-98 -2.17? 12.00? 2.04?

1-Jun-98 8.60? 5.64? 8.23?

1-Jul-98 -1.25? 0.81? -13.42?

3-Aug-98 -11.14? -9.37? -3.69?1-Sep-98 -0.18? 3.62? -7.27?

1-Oct-98 9.51? 9.80? 22.40?

2-Nov-98 3.22? 13.27? -1.21?

1-Dec-98 12.44? 20.75? 4.13?

4-Jan-99 2.80? -1.11? -0.16?

1-Feb-99 -4.47? -1.37? -1.52?

1-a!-99 10.17? 4.26? 9.02?

1-Ap!-99 -4.87? -4.10? -4.00?

3-a"-99 -3.55? -5.49? -0.48?

1-Jun-99 10.54? 13.12? -5.78?

1-Jul-99 -3.30? -0.98? 3.07?

ENER&L ELECTRIC *E+, OME DEPOT *D+,

PROCTOR &M:LE *P+

<a!$ance-cova!$ance

A B C D E

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

1617

18

19

20

21

22

23

24

25

26

27

28

29

30

31

32

3334

35

36

37

38

39

40

41

42

43

44



1-Oct-99 13.35? 9.89? 11.53?

1-Nov-99 -4.04? 4.51? 2.94?

1-Dec-99 17.59? 26.41? 1.44?3-Jan-00 -14.39? -19.39? -7.80?

1-Feb-00 -1.21? 1.52? -13.98?

1-a!-00 16.47? 11.56? -43.72?

3-Ap!-00 1.02? -13.23? 5.63?

1-a"-00 0.41? -14.24? 10.70?

1-Jun-00 0.70? 1.99? -15.88?

3-Jul-00 -2.24? 3.56? 1.06?

1-Aug-00 12.61? -7.32? 8.15?

1-Sep-00 -1.18? 9.67? 8.02?

2-Oct-00 -5.33? -20.79? 6.88?

1-Nov-00 -10.08? -9.19? 4.70?

1-Dec-00 -3.00? 15.36? 4.67?

2-Jan-01 -4.16? 5.33? -8.32?

1-Feb-01 1.12? -12.58? -1.89?

1-a!-01 -10.17? 1.50? -11.88?

2-Ap!-01 14.79? 8.88? -3.53?

1-a"-01 0.96? 4.54? 6.72?1-Jun-01 0.00? -4.18? -0.67?

2-Jul-01 -11.58? 6.43? 11.26?

1-Aug-01 -6.15? -9.11? 4.32?

4-Sep-01 -9.03? -18.02? -1.84?

1-Oct-01 -2.15? -0.36? 1.87?

1-Nov-01 5.59? 20.02? 4.87?

3-Dec-01 4.46? 8.92? 2.15?

2-Jan-02 -7.59? -1.81? 3.65?1-Feb-02 4.03? -0.19? 3.73?

1-a!-02 -2.92? -2.70? 6.06?

1-Ap!-02 -17.00? -4.73? 0.62?

1-a"-02 -1.29? -10.64? -0.79?

3-Jun-02 -6.34? -12.54? 0.50?

1-Jul-02 10.30? -17.36? 0.15?

1-Aug-02 -6.58? 6.43? -0.37?

3-Sep-02 -19.45? -23.08? 0.81?

1-Oct-02 2.42? 10.12? -0.59?1-Nov-02 7.13? -8.99? -4.52?

2-Dec-02 -10.01? -9.21? 1.64?

2-Jan-03 -5.09? -13.92? 0.05?

3-Feb-03 4.63? 11.51? -4.45?

3-a!-03 5.88? 4.07? 8.43?

1-Ap!-03 14.38? 14.42? 1.36?

1-a"-03 -2.58? 14.40? 2.17?

2-Jun-03 0.58? 2.09? -2.92?1-Jul-03 -0.82? -5.96? -0.98?

1-Aug-03 3.88? 3.03? -0.66?

2 Sep 03 1 42? 0 76? 6 15?

A B C D E

47

48

49

50

51

52

53

54

55

56

57

58

59

60

61

62

63

64

65

66

67

68

69

70

71

72

73

7475

76

77

78

79

80

81

82

83

84

85

86

87

88

89

90

9192

93

94



3-Nov-03 -1.19? -0.85? -2.09?

1-Dec-03 8.43? -3.31? 3.72?

2-Jan-04 8.20? -0.06? 1.64?2-Feb-04 -2.75? 2.34? 1.41?

1-a!-04 -6.34? 3.04? 2.29?

1-Ap!-04 -1.88? -5.98? 1.35?

3-a"-04 3.83? 2.03? 1.89?

1-Jun-04 4.63? -1.76? 0.98?

1-Jul-04 2.58? -4.30? -3.84?

2-Aug-04 -1.38? 8.32? 7.08?

1-Sep-04 2.97? 6.96? -3.36?

1-Oct-04 1.59? 4.70? -5.11?

1-Nov-04 3.57? 1.81? 4.38?

1-Dec-04 3.74? 2.34? 2.95?

3-Jan-05 -1.00? -3.52? -2.97?

1-Feb-05 -1.98? -3.05? -0.26?

1-a!-05 2.39? -4.30? -0.18?

1-Ap!-05 0.38? -7.81? 2.67?

2-a"-05 0.79? 10.67? 1.83?

1-Jun-05 -4.54? -0.90? -4.46?1-Jul-05 -0.43? 11.19? 5.83?

1-Aug-05 -2.61? -7.35? -0.26?

1-Sep-05 0.85? -5.58? 6.91?

3-Oct-05 0.72? 7.33? -5.50?

1-Nov-05 5.17? 2.04? 2.11?

1-Dec-05 -1.16? -3.15? 1.20?

3-Jan-06 -6.79? 0.15? 2.79?

1-Feb-06 1.11? 3.89? 1.17?1-a!-06 5.65? 0.71? -3.91?

3-Ap!-06 -0.57? -5.77? 1.56?

1-a"-06 -0.93? -4.63? -7.05?

1-Jun-06 -3.14? -5.90? 2.45?

3-Jul-06 -0.82? -3.07? 1.64?

1-Aug-06 4.10? -1.21? 9.65?

1-Sep-06 4.29? 6.04? 0.13?

2-Oct-06 -0.55? 2.88? 2.75?

1-Nov-06 0.49? 2.32? -0.94?1-Dec-06 6.07? 5.59? 2.32?

3-Jan-07 -3.19? 1.43? 1.40?

1-Feb-07 -2.42? -2.85? -2.15?

1-a!-07 1.29? -6.90? -0.52?

2-Ap!-07 4.16? 3.05? 2.50?

1-a"-07 1.92? 2.59? -1.33?

1-Jun-07 2.57? 1.79? -3.78?

2-Jul-07 0.68? 1.21? 0.78?

A B C D E

96

97

98

99

100

101

102

103

104

105

106

107

108

109

110

111

112

113

114

115

116

117

118

119

120

121

122

123124

125

126

127

128

129

130

131

132

133

134

135

136

137

138

139

140

()e!c$*e 7



; Y

-5 25

-4 16 o!!elat$onC+K 0 @<A;(B

-3 9

-2 4 /e to !ano# va!$able* + an K a!e pe!ectl"

-1 1

0 0

1 1

2 4

3 9

4 16

5 25

co!!elate but ave %o))(#t$on %o(..$%$(nt C$.e.

a #ea*u!e o linear relation o :e!oB

()e!c$*e 8



,age 34

<a!$ance-cova!$ance #at!$) #ean*

0.3 0.02 -0.05 10?

0.02 0.4 0.06 12?

-0.05 0.06 0.6 14?

cova!$ance co!!elat$on

0.3 0.2 0.5 12.40? 19.24? 11? 64.50?

0.5 0.4 0.1 11.20? 15.28?

/!an*po*e o po!tol$o*

$!*t po!tol$o *econ po!tol$o0.3 0.5

0.2 0.4

0.5 0.1

Po)t.o$o

,!opo!t$on 0.3 t$* $* te p!opo!t$on o po!tol$o 1

ean 0.1156

<a!$ance 0.13864

S$g#a eanL-- /e ata table eae! a* been $en.

-1 0.601 0.100

-0.9 0.574 0.101

-0.8 0.547 0.102

-0.7 0.522 0.104

-0.6 0.498 0.105

-0.5 0.475 0.106

-0.4 0.454 0.107

-0.3 0.435 0.108

-0.2 0.418 0.110-0.1 0.403 0.111

0 0.391 0.112

0.1 0.382 0.113

0.2 0.375 0.114

0.3 0.372 0.116

0.4 0.373 0.117

0.5 0.376 0.118

0.6 0.383 0.119

0.7 0.393 0.120

0.8 0.406 0.1220.9 0.421 0.123

1 0.439 0.124

1.1 0.458 0.125

1.2 0.480 0.126

1.3 0.503 0.128

1.4 0.527 0.129

$!*tpo!tol$o

#ean!etu!n

va!$anceo !etu!n

*econpo!tol$o

0.350 0.400 0.450 0.500 0.550 0.600

0.090

0.095

0.100

0.105

0.110

0.115

0.120

0.125

0.130

0.135

3-#""(t %#"( o)t.o$o )(t')n #n4 "$8#

"t#n4#)4 4(<$#t$on

8 ( # n ) ( t ' ) n

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Project Assignment Final . Finance With Excel