Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

*please try zooming into screenshots before saying they are not clear. On multiple platforms, they are are clear to me Estimate the most current Weighted

*please try zooming into screenshots before saying they are not clear. On multiple platforms, they are are clear to me

Estimate the most current Weighted Average Cost of Capital of FISERV INC (ticker: FISV). Use CAPM to estimate the cost of equity. Assume that the capital structure (the market debt-to-equity ratio) observed as of the most recent annual financial statements remains in place forever for the company. Also assume that the market risk premium is 5% and that the marginal tax rate is 21%.

Suggested sources of the data:

  1. SECs Edgar database for financial statements and annual or quarterly report (10-K or 10-Q)
  2. Stock returns from CRSP database to calculate the beta (an Excel file with the data is available on CANVAS. Column B is the date of the end of the observation month, K is monthly returns on Fiservs stock, M is CRSP value-weighted index, O is S&P 500 index returns).
  3. FINRAs TRACE database for public bond yields and prices
  4. U.S. Treasurys web-site for T-bond rates
  5. Yahoos finance web-site or NASDAQ.com for the stock price around the date of the most recent financial report.

Recipe:

  1. Calculate the cost of debt using most recent yields from a representative set of Fiserv public bonds.
  2. Calculate the market value of Fiserv debt using book value of debt adjusted by the price to face value multiple of a set of public bonds of Fiserv.
  3. The marginal tax rate is provided.
  4. Calculate the market value of equity using number of shares outstanding from the most recent financial report and historical stock price as of that date from NASDAQ or Yahoo.
  5. Calculate the cost of equity using CAPM. For that, you are provided the market risk premium. Use current yield on the 10-year Treasury bond as the risk-free rate, and calculate the beta of Fiserv stock using 5 years of monthly stock returns and VW CRSP portfolio as the market portfolio. Data on stock returns are provided in the Excel file using CRSP database.
  6. Combine it all to calculate Weighted Average Cost of Capital (WACC) for Fiserv.

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Names Ticker 1 PERMN.Date Symbol 2 10696 20070131 FISV 3 10696 20070228 FISV 4 10696 20070330 FISV 5 10696 20070430 FISV 6 10696 20070531 FISV 7 10696 20070629 FISV 8 10696 20070731 FISV 9 9 10696 20070831 FISV 10 10696 20070928 FISV 11 10696 20071031 FISV 12 10696 20071130 FISV 13 10696 20071231 FISV 14 10696 20080131 FISV 15 10696 20080229 FISV 16 10696 20080331 FISV 17 10696 20080430 FISV 18 10696 20080530 FISV 19 10696 20080630 FISV 20 10696 20080731 FISV 21 10696 20080829 FISV 22 10696 20080930 FISV 23 10696 20081031 FISV 24 10696 20081128 FISV 25 10696 20081231 FISV 26 10696 20090130 FISV 27 10696 20090227 FISV 28 10696 20090331 FISV 29 10696 20090430 FISV 30 10696 20090529 FISV 31 10696 20090630 FISV 32 10696 20090731 FISV 33 10696 20090831 FISV 34 10696 20090930 FISV Company Name FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC Industrial Classificati CUSIP Nasd Index Price or Bid/Ack Shares Value-Weighted Return-incl. Equal-Weighted Return-incl. Return on the S&P 500 PERMC on Code Header Code Average Volume Return Outstanding dividends dividends Index 8598 7370 33773810 17 52.6 221932 0.003434 171091 0.019397 0.022283 0.014059 8598 7370 33773810 1 52.96 199112 0.006844 170589 -0.013988 0.002111 -0.021846 8598 7370 33773810 1 53.06 235119 0.001888 169217 0.01295 0.006545 0.00998 8598 7370 33773810 55 53.17 245582 0.002073 168190 0.039815 0.027044 0.043291 8598 7370 33773810 55 59.25 394043 0.11435 168190 0.038932 0.023123 0.032549 8598 7370 33773810 55 56.8 389857 -0.04135 166875 -0.014765 -0.007907 -0.017816 8598 7370 33773810 55 49.42 343692 -0.12993 164989 -0.03176 -0.043537 -0.031982 8598 7370 33773810 55 46.52 566519 -0.058681 164989 0.01163 -0.011712 0.012864 8598 7370 33773810 55 50.86 339588 0.093293 164586 0.040842 0.025364 0.035794 8598 7370 33773810 55 55.4 417970 0.089265 164586 0.025796 0.017406 0.014822 8598 7370 33773810 55 51.33 309416 -0.073466 164636 -0.049327 -0.076617 -0.044043 8598 7370 33773810 55 55.49 290470 0.081044 165100 -0.004423 -0.010989 -0.008628 8598 7370 33773810 55 51.37 464436 -0.074248 165100 -0.062138 -0.045066 -0.061163 8598 7370 33773810 55 52.62 332946 0.024333 164187 -0.021663 -0.021401 -0.034761 8598 7370 33773810 55 48.09 423223 -0.086089 163800 -0.010421 -0.025309 -0.00596 8598 7370 33773810 55 50.55 359248 0.051154 163800 0.05106 0.031907 0.047547 8598 7370 33773810 55 52.36 323131 0.035806 163935 0.023808 0.031787 0.010674 8598 7370 33773810 55 45.37 340432 -0.133499 164300 -0.078426 -0.086631 -0.085962 8598 7370 33773810 55 47.82 438210 0.054 164300 -0.013341 -0.001295 -0.009859 8598 7370 33773810 55 51.86 286419 0.084483 164038 0.010566 0.013023 0.012191 8598 7370 33773810 55 47.32 503045 -0.087543 161400 -0.09798 -0.120091 -0.090791 8598 7370 33773810 55 33.36 710467 -0.295013 161400 -0.184648 -0.205222 -0.169425 8598 7370 33773810 55 34.14 482521 0.023381 160152 -0.084615 -0.13032 -0.074849 8598 7370 33773810 55 36.37 368980 0.065319 155900 0.022154 0.042176 0.007822 8598 7370 33773810 55 31.75 344789 -0.127028 155900 -0.077315 -0.024042 -0.085657 8598 7370 33773810 55 32.62 422669 0.027402 155899 -0.100271 -0.107667 -0.109931 8598 7370 33773810 55 36.46 577639 0.117719 155700 0.086748 0.107474 0.085405 8598 7370 33773810 55 37.32 570372 0.023588 155700 0.109352 0.192762 0.093925 8598 7370 33773810 55 42.36 458252 0.135048 155597 0.067774 0.10233 0.053081 8598 7370 33773810 55 45.71 425166 0.079084 154800 -0.003099 0.023921 0.000196 8598 7370 33773810 55 47.41 395413 0.037191 154800 0.081752 0.085217 0.074142 8598 7370 33773810 55 48.25 280098 0.017718 154379 0.031469 0.056864 0.03356 8598 7370 33773810 55 48.2 320574 -0.001036 153900 0.045216 0.071255 0.035723 Symbol 311808 Names Ticker 1 PERMN Date 35 10696 20091030 FISV 36 10696 20091130 FISV 37 10696 20091231 FISV 38 10696 20100129 FISV 39 10696 20100226 FISV 40 10696 20100331 FISV 41 10696 20100430 FISV 42 10696 20100528 FISV 43 10696 20100630 FISV 44 10696 20100730 FISV 45 10696 20100831 FISV 46 10696 20100930 FISV 47 10696 20101029 FISV 48 10696 20101130 FISV 49 10696 20101231 FISV 50 10696 20110131 FISV 51 20110228 FISV 52 10696 20110331 FISV 53 10696 20110429 FISV 54 10696 20110531 FISV 55 10696 20110630 FISV 56 10696 20110729 FISV 57 10696 20110831 FISV 58 10696 20110930 FISV 59 10696 20111031 FISV 60 10696 20111130 FISV 61 10696 20111230 FISV 62 10696 20120131 FISV 63 10696 20120229 FISV 64 10696 20120330 FISV 65 10696 20120430 FISV 66 10696 20120531 FISV 67 10696 20120629 FISV Company Name FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC Industrial Classificati CUSIP Nasd Index Price or Bid/Ack Shares Value-Weighted Return-incl. Equal-Weighted Return-incl. Return on the S&P 500 PERMC on Code Header Code Average Volume Return Outstanding dividends dividends Index 8598 7370 33773810 55 45.87 333088 -0.04834 153900 -0.027971 -0.050612 -0.019762 8598 7370 33773810 55 46.24 278303 0.008066 153898 0.057117 0.028476 0.057364 8598 7370 33773810 55 48.48 236775 0.048443 153200 0.02843 0.055001 0.017771 8598 7370 33773810 55 45.04 262151 -0.070957 153200 -0.037098 -0.011388 -0.036974 8598 7370 33773810 55 48.21 284331 0.070382 152320 0.034786 0.033603 0.028514 8598 7370 33773810 55 50.76 332497 0.052894 152600 0.063626 0.069289 0.058796 8598 7370 33773810 55 51.13 0.007289 152600 0.020063 0.057843 0.014759 8598 7370 33773810 55 47.55 571137 -0.070018 152610 -0.079163 -0.076929 -0.081976 8598 7370 33773810 55 45.66 333175 -0.039748 150100 -0.050745 -0.056799 -0.053882 8598 7370 33773810 55 50.1 289057 0.09724 150100 0.070309 0.05994 0.068778 8598 7370 33773810 55 50.01 266121 -0.001796 150104 -0.042844 -0.047566 -0.047449 8598 7370 33773810 55 53.82 224667 0.076185 149400 0.091547 0.096418 0.087551 8598 7370 33773810 55 54.52 263475 0.013006 149400 0.038512 0.040681 0.036856 8598 7370 33773810 55 55.3 204959 0.014307 148720 0.005125 0.010736 -0.00229 8598 7370 33773810 55 58.56 207798 0.058951 146900 0.067205 0.068851 0.0653 8598 7370 33773810 55 61.77 186874 0.054816 146900 0.019137 0.014412 0.022646 8598 7370 33773810 55 63.27 200284 0.024284 146077 0.038175 0.037036 0.031957 8598 7370 33773810 55 62.72 247868 -0.008693 143700 0.003353 0.008605 -0.001047 8598 7370 33773810 55 61.31 235206 -0.022481 143611 0.028667 0.019203 0.028495 8598 7370 33773810 55 64.52 210317 0.052357 143611 -0.0149 -0.018549 -0.013501 8598 7370 33773810 55 62.63 238072 -0.029293 141500 -0.018388 -0.024106 -0.018258 8598 7370 33773810 55 60.36 200013 -0.036245 141552 -0.022524 -0.021813 -0.021474 8598 7370 33773810 55 55.83 393191 -0.07505 141552 -0.057498 -0.075715 -0.056791 8598 7370 33773810 55 50.77 250280 -0.090632 140800 -0.084863 -0.10092 -0.071762 8598 7370 33773810 55 58.87 281802 0.159543 140859 0.11403 0.107697 0.107723 8598 7370 33773810 55 57.66 256705 -0.020554 140859 -0.006207 -0.020645 -0.005059 8598 7370 33773810 55 58.74 184764 0.018731 140100 0.003696 -0.003561 0.008533 8598 7370 33773810 55 62.89 162041 0.07065 140100 0.054095 0.085342 0.043583 8598 7370 33773810 55 66.3 172744 0.054222 138589 0.041239 0.036494 0.040589 8598 7370 33773810 55 69.39 164697 0.046606 137300 0.024004 0.017608 0.031332 8598 7370 33773810 55 70.29 143951 0.01297 136483 -0.006806 -0.009106 -0.007497 8598 7370 33773810 55 67.43 185821 -0.040689 136483 -0.065574 -0.068434 -0.062651 8598 7370 33773810 55 72.22 174044 0.071037 135600 0.038189 0.034188 0.039555 10696 Names Ticker 1 PERMN Date Symbol 68 10696 20120731 FISV 69 10696 20120831 FISV 70 10696 20120928 FISV 71 10696 20121031 FISV 72 10696 20121130 FISV 73 10696 20121231 FISV 74 10696 20130131 FISV 75 10696 20130228 FISV 76 10696 20130328 FISV 77 10696 20130430 FISV 78 10696 20130531 FISV 79 10696 20130628 FISV 80 10696 20130731 FISV 81 10696 20130830 FISV 82 10696 20130930 FISV 83 10696 20131031 FISV 84 10696 20131129 FISV 85 10696 20131231 FISV 86 10696 20140131 FISV 87 10696 20140228 FISV 88 10696 20140331 FISV 89 10696 20140430 FISV 90 10696 20140530 FISV 91 10696 20140630 FISV 92 10696 20140731 FISV 93 10696 20140829 FISV 94 10696 20140930 FISV 95 10696 20141031 FISV 96 10696 20141128 FISV 97 10696 20141231 FISV 98 10696 20150130 FISV 99 10696 20150227 FISV 100 10696 20150331 FISV Company Name FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC Industrial Classificati CUSIP Nasd Index Price or Bid/Ack Shares Value-Weighted Return-incl. Equal-Weighted Return-incl. Return on the S&P 500 PERMC on Code Header Code Average Volume Return: Outstanding dividends dividends Index 8598 7370 33773810 55 70.13 142676 -0.028939 135670 0.010284 -0.003281 0.012598 8598 7370 33773810 55 71.31 157976 0.016826 135670 0.026278 0.02482 0.019763 8598 7370 33773810 55 74.03 126883 0.038143 133800 0.026554 0.034925 0.024236 8598 7370 33773810 55 74.86 171621 0.011212 133473 -0.014104 -0.013477 -0.019789 8598 7370 33773810 55 76.99 113534 0.028453 133473 0.006192 0.00279 0.002847 8598 7370 33773810 55 79.03 190244 0.026497 133400 0.012529 0.021872 0.007068 8598 7370 33773810 55 80.31 190171 0.016196 133400 0.054145 0.063509 0.050428 8598 7370 33773810 55 82.24 160731 0.024032 133504 0.00834 0.0035 0.011061 8598 7370 33773810 55 87.86 111897 0.068337 133200 0.035294 0.031419 0.035988 8598 7370 33773810 55 91.11 110776 0.036991 133163 0.014947 0.002477 0.018086 8598 7370 33773810 55 87.16 165064 -0.043354 133163 0.019074 0.023985 0.020763 8598 7370 33773810 55 87.41 131974 0.002868 131100 -0.015036 -0.013012 -0.014999 8598 7370 33773810 55 96.24 138103 0.101018 130090 0.052717 0.054898 0.049462 8598 7370 33773810 55 96.27 125232 0.000312 130090 -0.025727 -0.017278 -0.031298 8598 7370 33773810 55 101.05 111560 0.049652 129300 0.03747 0.051828 0.029749 8598 7370 33773810 55 104.73 114105 0.036418 128969 0.039895 0.025762 0.044596 8598 7370 33773810 55 109.89 94821 0.04927 128969 0.024966 0.023398 0.028049 8598 7370 33773810 55 59.05 149809 0.074711 256700 0.02614 0.025242 0.023563 8598 7370 33773810 55 56.05 259450 -0.050804 256700 -0.029987 -0.001282 -0.035583 8598 7370 33773810 55 58.05 295703 0.035682 254487 0.046186 0.044257 0.043117 8598 7370 33773810 55 56.69 221158 -0.023428 251600 0.004501 0.001028 0.006932 8598 7370 33773810 55 60.78 315966 0.072147 249228 0.00167 -0.022319 0.006201 8598 7370 33773810 55 60.11 248433 -0.011023 249228 0.020223 0.006647 0.02103 8598 7370 33773810 55 60.32 175490 0.003494 249100 0.027961 0.039501 0.019058 8598 7370 33773810 55 61.67 193076 0.022381 249219 -0.020537 -0.035236 -0.01508 8598 7370 33773810 55 64.47 205477 0.045403 249219 0.040207 0.033707 0.037655 8598 7370 33773810 55 64.635 171241 0.002559 245300 -0.025132 -0.044988 -0.015514 8598 7370 33773810 1 69.48 294310 0.074959 243966 0.021196 0.014177 0.023201 8598 7370 33773810 1 71.49 216276 0.028929 243966 0.021159 -0.002458 0.024534 8598 7370 33773810 1 70.97 288114 -0.007274 240300 -0.000181 -0.004189 8598 7370 33773810 72.53 230471 0.021981 240300 -0.027201 -0.019077 -0.031041 8598 7370 33773810 1 78.07 241254 0.076382 238693 0.056021 0.054161 0.054893 8598 7370 33773810 1 79.4 224083 0.017036 237700 -0.010453 -0.00511 -0.017396 -0.003622 8598 10696 Names Ticker 1 PERMN Date Symbol 101 10696 20150430 FISV 102 10696 20150529 FISV 103 10696 20150630 FISV 104 10696 20150731 FISV 105 10696 20150831 FISV 106 10696 20150930 FISV 107 10696 20151030 FISV 108 10696 20151130 FISV 109 10696 20151231 FISV 110 10696 20160129 FISV 111 20160229 FISV 112 10696 20160331 FISV 113 10696 20160429 FISV 114 10696 20160531 FISV 115 10696 20160630 FISV 116 10696 20160729 FISV 117 10696 20160831 FISV 118 10696 20160930 FISV 119 10696 20161031 FISV 120 10696 20161130 FISV 121 10696 20161230 FISV 122 10696 20170131 FISV 123 10696 20170228 FISV 124 10696 20170331 FISV 125 10696 20170428 FISV 126 10696 20170531 FISV 127 10696 20170630 FISV 128 10696 20170731 FISV 129 10696 20170831 FISV 130 10696 20170929 FISV 131 10696 20171031 FISV 132 10696 20171130 FISV 133 10696 20171229 FISV Company Name FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC Industrial Classificati CUSIP Nasd Index Price or Bid/Ack Shares Value-Weighted Return-incl. Equal-Weighted Return-incl. Return on the S&P 500 PERMCI on Code Header Code Average Volume Return : Outstanding dividends dividends Index 8598 7370 33773810 1 77.6 176173 -0.02267 236789 0.008716 0.015129 0.008521 8598 7370 33773810 1 80.15 202875 0.032861 236789 0.010345 0.003983 0.010491 7370 33773810 1 82.83 279880 0.033437 235200 -0.019262 -0.01348 -0.021012 8598 7370 33773810 1 86.86 251238 0.048654 234578 0.012113 -0.027158 0.019742 8598 7370 33773810 85.27 259959 -0.018305 234578 -0.060046 -0.047287 -0.062581 8598 7370 33773810 1 86.61 273100 0.015715 229500 -0.033769 -0.049928 -0.026443 8598 7370 33773810 1 96.51 257345 0.114306 228539 0.074022 0.05288 0.082983 8598 7370 33773810 96.24 229189 -0.002798 228539 0.002449 0.00734 0.000505 8598 7370 33773810 1 91.46 282087 -0.049667 225300 -0.022288 -0.035903 -0.01753 8598 7370 33773810 1 94.56 255175 0.033895 225300 -0.057094 -0.074949 -0.050735 8598 7370 33773810 1 1 95.63 314445 0.011316 222937 0.000687 0.005587 -0.004128 8598 7370 33773810 1 102.58 248109 0.072676 223000 0.070517 0.07818 0.065991 8598 7370 33773810 1 97.72 204472 -0.047378 222330 0.011817 0.039878 0.002699 8598 7370 33773810 1 105.33 217743 0.077876 222330 0.014316 -0.000625 0.015329 8598 7370 33773810 1 108.73 222608 0.03228 220600 0.00311 0.005826 0.000906 8598 7370 33773810 1 110.36 167394 0.014991 219815 0.038775 0.049896 0.03561 8598 7370 33773810 1 103.05 234491 -0.066238 219815 0.002789 0.013063 -0.001219 8598 7370 33773810 1 99.47 217312 -0.03474 217800 0.003017 0.015381 -0.001234 8598 7370 33773810 1 98.48 258077 -0.009953 217057 -0.021594 -0.039942 -0.019426 8598 7370 33773810 1 104.62 286799 0.062348 217057 0.040491 0.050511 0.034174 8598 7370 33773810 1 106.28 188520 0.015867 215500 0.018792 0.015881 0.018201 8598 7370 33773810 1 107.43 173245 0.01082 215500 0.02219 0.025942 0.017884 8598 7370 33773810 1 115.4 232013 0.074188 214564 0.032664 0.017117 0.037198 8598 7370 33773810 1 115.31 200715 -0.00078 212900 0.002092 0.00641 -0.000389 8598 7370 33773810 1 119.14 149349 0.033215 212378 0.009615 0.003691 0.009091 8598 7370 33773810 1 125.28 172814 0.051536 212378 0.009335 -0.011327 0.011576 8598 7370 33773810 1 122.34 196877 -0.023467 210800 0.00947 0.022941 0.004814 8598 7370 33773810 1 128.5 135152 0.050352 210466 0.020329 0.009089 0.019349 8598 7370 33773810 1 123.71 179641 -0.037276 210466 0.001589 -0.00874 0.000546 8598 7370 33773810 1 128.96001 159908 0.042438 208800 0.023733 0.046756 0.019303 8598 7370 33773810 1 129.42999 173420 0.003644 208399 0.019282 0.002217 0.022188 8598 7370 33773810 1 131.45 228779 0.015607 208399 0.027309 0.020848 0.028083 8598 7370 33773810 1 131.13 151929 -0.002434 207600 0.012173 0.014234 0.009832 325912 143 Names Ticker 1 PERMN Date Symbol 134 10696 20180131 FISV 135 10696 20180228 FISV 136 10696 20180329 FISV 137 10696 20180430 FISV 138 10696 20180531 FISV 139 10696 20180629 FISV 140 10696 20180731 FISV 141 10696 20180831 FISV 142 10696 20180928 FISV 10696 20181031 FISV 144 10696 20181130 FISV 145 10696 20181231 FISV 146 10696 20190131 FISV 147 10696 20190228 FISV 148 10696 20190329 FISV 149 10696 20190430 FISV 150 10696 20190531 FISV 151 10696 20190628 FISV 152 10696 20190731 FISV 153 10696 20190830 FISV 154 10696 20190930 FISV 155 10696 20191031 FISV 156 10696 20191129 FISV 157 10696 20191231 FISV Company Name FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC Industrial Classificati CUSIP Nasd Index Price or Bid/Ack Shares Value-Weighted Return-incl. Equal-Weighted Return-incl. Return on the S&P 500 PERMC on Code Header Code Average Volume Return: Outstanding dividends dividends Index 8598 7370 33773810 140.84 192332 0.074049 207600 0.050657 0.02944 0.056179 8598 7370 33773810 1 143.39 310188 0.018106 206608 -0.039464 -0.04004 -0.038947 8598 7370 33773810 1 71.31 302208 -0.00537 411000 -0.018434 0.001183 -0.026885 8598 7370 33773810 1 70.86 320734 -0.00631 409437 0.004769 0.008205 0.002719 8598 7370 33773810 72.6 397061 0.024555 409437 0.026169 0.034612 0.021608 8598 7370 33773810 1 74.09 373513 0.020523 406100 0.005335 0.002815 0.004842 8598 7370 33773810 1 75.48 289044 0.018761 404927 0.031603 0.0068 0.036022 8598 7370 33773810 1 80.07 407334 0.060811 404927 0.030221 0.019158 0.030263 8598 7370 33773810 1 82.38 0.02885 401000 0.000446 -0.010314 0.004294 8598 7370 33773810 1 79.3 465090 -0.037388 398471 -0.074032 -0.082433 -0.069403 8598 7370 33773810 1 79.13 459175 -0.002144 398471 0.018535 0.000576 0.017859 8598 7370 33773810 1 73.49 457851 -0.071275 392500 -0.089807 -0.09931 -0.091777 8598 7370 33773810 82.93 1705694 0.128453 392500 0.088276 0.120268 0.078684 8598 7370 33773810 1 84.69 815787 0.021223 391587 0.032716 0.038566 0.029729 8598 7370 33773810 1 88.28 794472 0.04239 392300 0.012978 -0.003896 0.017924 8598 7370 33773810 1 87.24 921730 -0.011781 392440 0.037882 0.020323 0.039313 8598 7370 33773810 1 85.86 855682 -0.015818 392440 -0.061653 -0.064571 -0.065778 8598 7370 33773810 1 91.16 616579 0.061728 392900 0.067271 0.049002 0.06893 8598 7370 33773810 1 105.43 1476326 0.156538 679686 0.011882 -0.005245 0.013128 8598 7370 33773810 106.94 1008095 0.014322 679686 -0.020271 -0.040001 -0.018092 8598 7370 33773810 1 103.59 809322 -0.031326 680800 0.016024 0.01768 0.017181 8598 7370 33773810 1 106.14 643988 0.024616 679895 0.019265 0.006291 0.020432 8598 7370 33773810 116.24 647547 0.095157 679895 0.034971 0.026624 0.034047 8598 7370 33773810 1 115.63 481082 -0.005248 679895 0.028448 0.044379 0.02859 Names Ticker 1 PERMN.Date Symbol 2 10696 20070131 FISV 3 10696 20070228 FISV 4 10696 20070330 FISV 5 10696 20070430 FISV 6 10696 20070531 FISV 7 10696 20070629 FISV 8 10696 20070731 FISV 9 9 10696 20070831 FISV 10 10696 20070928 FISV 11 10696 20071031 FISV 12 10696 20071130 FISV 13 10696 20071231 FISV 14 10696 20080131 FISV 15 10696 20080229 FISV 16 10696 20080331 FISV 17 10696 20080430 FISV 18 10696 20080530 FISV 19 10696 20080630 FISV 20 10696 20080731 FISV 21 10696 20080829 FISV 22 10696 20080930 FISV 23 10696 20081031 FISV 24 10696 20081128 FISV 25 10696 20081231 FISV 26 10696 20090130 FISV 27 10696 20090227 FISV 28 10696 20090331 FISV 29 10696 20090430 FISV 30 10696 20090529 FISV 31 10696 20090630 FISV 32 10696 20090731 FISV 33 10696 20090831 FISV 34 10696 20090930 FISV Company Name FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC Industrial Classificati CUSIP Nasd Index Price or Bid/Ack Shares Value-Weighted Return-incl. Equal-Weighted Return-incl. Return on the S&P 500 PERMC on Code Header Code Average Volume Return Outstanding dividends dividends Index 8598 7370 33773810 17 52.6 221932 0.003434 171091 0.019397 0.022283 0.014059 8598 7370 33773810 1 52.96 199112 0.006844 170589 -0.013988 0.002111 -0.021846 8598 7370 33773810 1 53.06 235119 0.001888 169217 0.01295 0.006545 0.00998 8598 7370 33773810 55 53.17 245582 0.002073 168190 0.039815 0.027044 0.043291 8598 7370 33773810 55 59.25 394043 0.11435 168190 0.038932 0.023123 0.032549 8598 7370 33773810 55 56.8 389857 -0.04135 166875 -0.014765 -0.007907 -0.017816 8598 7370 33773810 55 49.42 343692 -0.12993 164989 -0.03176 -0.043537 -0.031982 8598 7370 33773810 55 46.52 566519 -0.058681 164989 0.01163 -0.011712 0.012864 8598 7370 33773810 55 50.86 339588 0.093293 164586 0.040842 0.025364 0.035794 8598 7370 33773810 55 55.4 417970 0.089265 164586 0.025796 0.017406 0.014822 8598 7370 33773810 55 51.33 309416 -0.073466 164636 -0.049327 -0.076617 -0.044043 8598 7370 33773810 55 55.49 290470 0.081044 165100 -0.004423 -0.010989 -0.008628 8598 7370 33773810 55 51.37 464436 -0.074248 165100 -0.062138 -0.045066 -0.061163 8598 7370 33773810 55 52.62 332946 0.024333 164187 -0.021663 -0.021401 -0.034761 8598 7370 33773810 55 48.09 423223 -0.086089 163800 -0.010421 -0.025309 -0.00596 8598 7370 33773810 55 50.55 359248 0.051154 163800 0.05106 0.031907 0.047547 8598 7370 33773810 55 52.36 323131 0.035806 163935 0.023808 0.031787 0.010674 8598 7370 33773810 55 45.37 340432 -0.133499 164300 -0.078426 -0.086631 -0.085962 8598 7370 33773810 55 47.82 438210 0.054 164300 -0.013341 -0.001295 -0.009859 8598 7370 33773810 55 51.86 286419 0.084483 164038 0.010566 0.013023 0.012191 8598 7370 33773810 55 47.32 503045 -0.087543 161400 -0.09798 -0.120091 -0.090791 8598 7370 33773810 55 33.36 710467 -0.295013 161400 -0.184648 -0.205222 -0.169425 8598 7370 33773810 55 34.14 482521 0.023381 160152 -0.084615 -0.13032 -0.074849 8598 7370 33773810 55 36.37 368980 0.065319 155900 0.022154 0.042176 0.007822 8598 7370 33773810 55 31.75 344789 -0.127028 155900 -0.077315 -0.024042 -0.085657 8598 7370 33773810 55 32.62 422669 0.027402 155899 -0.100271 -0.107667 -0.109931 8598 7370 33773810 55 36.46 577639 0.117719 155700 0.086748 0.107474 0.085405 8598 7370 33773810 55 37.32 570372 0.023588 155700 0.109352 0.192762 0.093925 8598 7370 33773810 55 42.36 458252 0.135048 155597 0.067774 0.10233 0.053081 8598 7370 33773810 55 45.71 425166 0.079084 154800 -0.003099 0.023921 0.000196 8598 7370 33773810 55 47.41 395413 0.037191 154800 0.081752 0.085217 0.074142 8598 7370 33773810 55 48.25 280098 0.017718 154379 0.031469 0.056864 0.03356 8598 7370 33773810 55 48.2 320574 -0.001036 153900 0.045216 0.071255 0.035723 Symbol 311808 Names Ticker 1 PERMN Date 35 10696 20091030 FISV 36 10696 20091130 FISV 37 10696 20091231 FISV 38 10696 20100129 FISV 39 10696 20100226 FISV 40 10696 20100331 FISV 41 10696 20100430 FISV 42 10696 20100528 FISV 43 10696 20100630 FISV 44 10696 20100730 FISV 45 10696 20100831 FISV 46 10696 20100930 FISV 47 10696 20101029 FISV 48 10696 20101130 FISV 49 10696 20101231 FISV 50 10696 20110131 FISV 51 20110228 FISV 52 10696 20110331 FISV 53 10696 20110429 FISV 54 10696 20110531 FISV 55 10696 20110630 FISV 56 10696 20110729 FISV 57 10696 20110831 FISV 58 10696 20110930 FISV 59 10696 20111031 FISV 60 10696 20111130 FISV 61 10696 20111230 FISV 62 10696 20120131 FISV 63 10696 20120229 FISV 64 10696 20120330 FISV 65 10696 20120430 FISV 66 10696 20120531 FISV 67 10696 20120629 FISV Company Name FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC Industrial Classificati CUSIP Nasd Index Price or Bid/Ack Shares Value-Weighted Return-incl. Equal-Weighted Return-incl. Return on the S&P 500 PERMC on Code Header Code Average Volume Return Outstanding dividends dividends Index 8598 7370 33773810 55 45.87 333088 -0.04834 153900 -0.027971 -0.050612 -0.019762 8598 7370 33773810 55 46.24 278303 0.008066 153898 0.057117 0.028476 0.057364 8598 7370 33773810 55 48.48 236775 0.048443 153200 0.02843 0.055001 0.017771 8598 7370 33773810 55 45.04 262151 -0.070957 153200 -0.037098 -0.011388 -0.036974 8598 7370 33773810 55 48.21 284331 0.070382 152320 0.034786 0.033603 0.028514 8598 7370 33773810 55 50.76 332497 0.052894 152600 0.063626 0.069289 0.058796 8598 7370 33773810 55 51.13 0.007289 152600 0.020063 0.057843 0.014759 8598 7370 33773810 55 47.55 571137 -0.070018 152610 -0.079163 -0.076929 -0.081976 8598 7370 33773810 55 45.66 333175 -0.039748 150100 -0.050745 -0.056799 -0.053882 8598 7370 33773810 55 50.1 289057 0.09724 150100 0.070309 0.05994 0.068778 8598 7370 33773810 55 50.01 266121 -0.001796 150104 -0.042844 -0.047566 -0.047449 8598 7370 33773810 55 53.82 224667 0.076185 149400 0.091547 0.096418 0.087551 8598 7370 33773810 55 54.52 263475 0.013006 149400 0.038512 0.040681 0.036856 8598 7370 33773810 55 55.3 204959 0.014307 148720 0.005125 0.010736 -0.00229 8598 7370 33773810 55 58.56 207798 0.058951 146900 0.067205 0.068851 0.0653 8598 7370 33773810 55 61.77 186874 0.054816 146900 0.019137 0.014412 0.022646 8598 7370 33773810 55 63.27 200284 0.024284 146077 0.038175 0.037036 0.031957 8598 7370 33773810 55 62.72 247868 -0.008693 143700 0.003353 0.008605 -0.001047 8598 7370 33773810 55 61.31 235206 -0.022481 143611 0.028667 0.019203 0.028495 8598 7370 33773810 55 64.52 210317 0.052357 143611 -0.0149 -0.018549 -0.013501 8598 7370 33773810 55 62.63 238072 -0.029293 141500 -0.018388 -0.024106 -0.018258 8598 7370 33773810 55 60.36 200013 -0.036245 141552 -0.022524 -0.021813 -0.021474 8598 7370 33773810 55 55.83 393191 -0.07505 141552 -0.057498 -0.075715 -0.056791 8598 7370 33773810 55 50.77 250280 -0.090632 140800 -0.084863 -0.10092 -0.071762 8598 7370 33773810 55 58.87 281802 0.159543 140859 0.11403 0.107697 0.107723 8598 7370 33773810 55 57.66 256705 -0.020554 140859 -0.006207 -0.020645 -0.005059 8598 7370 33773810 55 58.74 184764 0.018731 140100 0.003696 -0.003561 0.008533 8598 7370 33773810 55 62.89 162041 0.07065 140100 0.054095 0.085342 0.043583 8598 7370 33773810 55 66.3 172744 0.054222 138589 0.041239 0.036494 0.040589 8598 7370 33773810 55 69.39 164697 0.046606 137300 0.024004 0.017608 0.031332 8598 7370 33773810 55 70.29 143951 0.01297 136483 -0.006806 -0.009106 -0.007497 8598 7370 33773810 55 67.43 185821 -0.040689 136483 -0.065574 -0.068434 -0.062651 8598 7370 33773810 55 72.22 174044 0.071037 135600 0.038189 0.034188 0.039555 10696 Names Ticker 1 PERMN Date Symbol 68 10696 20120731 FISV 69 10696 20120831 FISV 70 10696 20120928 FISV 71 10696 20121031 FISV 72 10696 20121130 FISV 73 10696 20121231 FISV 74 10696 20130131 FISV 75 10696 20130228 FISV 76 10696 20130328 FISV 77 10696 20130430 FISV 78 10696 20130531 FISV 79 10696 20130628 FISV 80 10696 20130731 FISV 81 10696 20130830 FISV 82 10696 20130930 FISV 83 10696 20131031 FISV 84 10696 20131129 FISV 85 10696 20131231 FISV 86 10696 20140131 FISV 87 10696 20140228 FISV 88 10696 20140331 FISV 89 10696 20140430 FISV 90 10696 20140530 FISV 91 10696 20140630 FISV 92 10696 20140731 FISV 93 10696 20140829 FISV 94 10696 20140930 FISV 95 10696 20141031 FISV 96 10696 20141128 FISV 97 10696 20141231 FISV 98 10696 20150130 FISV 99 10696 20150227 FISV 100 10696 20150331 FISV Company Name FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC Industrial Classificati CUSIP Nasd Index Price or Bid/Ack Shares Value-Weighted Return-incl. Equal-Weighted Return-incl. Return on the S&P 500 PERMC on Code Header Code Average Volume Return: Outstanding dividends dividends Index 8598 7370 33773810 55 70.13 142676 -0.028939 135670 0.010284 -0.003281 0.012598 8598 7370 33773810 55 71.31 157976 0.016826 135670 0.026278 0.02482 0.019763 8598 7370 33773810 55 74.03 126883 0.038143 133800 0.026554 0.034925 0.024236 8598 7370 33773810 55 74.86 171621 0.011212 133473 -0.014104 -0.013477 -0.019789 8598 7370 33773810 55 76.99 113534 0.028453 133473 0.006192 0.00279 0.002847 8598 7370 33773810 55 79.03 190244 0.026497 133400 0.012529 0.021872 0.007068 8598 7370 33773810 55 80.31 190171 0.016196 133400 0.054145 0.063509 0.050428 8598 7370 33773810 55 82.24 160731 0.024032 133504 0.00834 0.0035 0.011061 8598 7370 33773810 55 87.86 111897 0.068337 133200 0.035294 0.031419 0.035988 8598 7370 33773810 55 91.11 110776 0.036991 133163 0.014947 0.002477 0.018086 8598 7370 33773810 55 87.16 165064 -0.043354 133163 0.019074 0.023985 0.020763 8598 7370 33773810 55 87.41 131974 0.002868 131100 -0.015036 -0.013012 -0.014999 8598 7370 33773810 55 96.24 138103 0.101018 130090 0.052717 0.054898 0.049462 8598 7370 33773810 55 96.27 125232 0.000312 130090 -0.025727 -0.017278 -0.031298 8598 7370 33773810 55 101.05 111560 0.049652 129300 0.03747 0.051828 0.029749 8598 7370 33773810 55 104.73 114105 0.036418 128969 0.039895 0.025762 0.044596 8598 7370 33773810 55 109.89 94821 0.04927 128969 0.024966 0.023398 0.028049 8598 7370 33773810 55 59.05 149809 0.074711 256700 0.02614 0.025242 0.023563 8598 7370 33773810 55 56.05 259450 -0.050804 256700 -0.029987 -0.001282 -0.035583 8598 7370 33773810 55 58.05 295703 0.035682 254487 0.046186 0.044257 0.043117 8598 7370 33773810 55 56.69 221158 -0.023428 251600 0.004501 0.001028 0.006932 8598 7370 33773810 55 60.78 315966 0.072147 249228 0.00167 -0.022319 0.006201 8598 7370 33773810 55 60.11 248433 -0.011023 249228 0.020223 0.006647 0.02103 8598 7370 33773810 55 60.32 175490 0.003494 249100 0.027961 0.039501 0.019058 8598 7370 33773810 55 61.67 193076 0.022381 249219 -0.020537 -0.035236 -0.01508 8598 7370 33773810 55 64.47 205477 0.045403 249219 0.040207 0.033707 0.037655 8598 7370 33773810 55 64.635 171241 0.002559 245300 -0.025132 -0.044988 -0.015514 8598 7370 33773810 1 69.48 294310 0.074959 243966 0.021196 0.014177 0.023201 8598 7370 33773810 1 71.49 216276 0.028929 243966 0.021159 -0.002458 0.024534 8598 7370 33773810 1 70.97 288114 -0.007274 240300 -0.000181 -0.004189 8598 7370 33773810 72.53 230471 0.021981 240300 -0.027201 -0.019077 -0.031041 8598 7370 33773810 1 78.07 241254 0.076382 238693 0.056021 0.054161 0.054893 8598 7370 33773810 1 79.4 224083 0.017036 237700 -0.010453 -0.00511 -0.017396 -0.003622 8598 10696 Names Ticker 1 PERMN Date Symbol 101 10696 20150430 FISV 102 10696 20150529 FISV 103 10696 20150630 FISV 104 10696 20150731 FISV 105 10696 20150831 FISV 106 10696 20150930 FISV 107 10696 20151030 FISV 108 10696 20151130 FISV 109 10696 20151231 FISV 110 10696 20160129 FISV 111 20160229 FISV 112 10696 20160331 FISV 113 10696 20160429 FISV 114 10696 20160531 FISV 115 10696 20160630 FISV 116 10696 20160729 FISV 117 10696 20160831 FISV 118 10696 20160930 FISV 119 10696 20161031 FISV 120 10696 20161130 FISV 121 10696 20161230 FISV 122 10696 20170131 FISV 123 10696 20170228 FISV 124 10696 20170331 FISV 125 10696 20170428 FISV 126 10696 20170531 FISV 127 10696 20170630 FISV 128 10696 20170731 FISV 129 10696 20170831 FISV 130 10696 20170929 FISV 131 10696 20171031 FISV 132 10696 20171130 FISV 133 10696 20171229 FISV Company Name FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC Industrial Classificati CUSIP Nasd Index Price or Bid/Ack Shares Value-Weighted Return-incl. Equal-Weighted Return-incl. Return on the S&P 500 PERMCI on Code Header Code Average Volume Return : Outstanding dividends dividends Index 8598 7370 33773810 1 77.6 176173 -0.02267 236789 0.008716 0.015129 0.008521 8598 7370 33773810 1 80.15 202875 0.032861 236789 0.010345 0.003983 0.010491 7370 33773810 1 82.83 279880 0.033437 235200 -0.019262 -0.01348 -0.021012 8598 7370 33773810 1 86.86 251238 0.048654 234578 0.012113 -0.027158 0.019742 8598 7370 33773810 85.27 259959 -0.018305 234578 -0.060046 -0.047287 -0.062581 8598 7370 33773810 1 86.61 273100 0.015715 229500 -0.033769 -0.049928 -0.026443 8598 7370 33773810 1 96.51 257345 0.114306 228539 0.074022 0.05288 0.082983 8598 7370 33773810 96.24 229189 -0.002798 228539 0.002449 0.00734 0.000505 8598 7370 33773810 1 91.46 282087 -0.049667 225300 -0.022288 -0.035903 -0.01753 8598 7370 33773810 1 94.56 255175 0.033895 225300 -0.057094 -0.074949 -0.050735 8598 7370 33773810 1 1 95.63 314445 0.011316 222937 0.000687 0.005587 -0.004128 8598 7370 33773810 1 102.58 248109 0.072676 223000 0.070517 0.07818 0.065991 8598 7370 33773810 1 97.72 204472 -0.047378 222330 0.011817 0.039878 0.002699 8598 7370 33773810 1 105.33 217743 0.077876 222330 0.014316 -0.000625 0.015329 8598 7370 33773810 1 108.73 222608 0.03228 220600 0.00311 0.005826 0.000906 8598 7370 33773810 1 110.36 167394 0.014991 219815 0.038775 0.049896 0.03561 8598 7370 33773810 1 103.05 234491 -0.066238 219815 0.002789 0.013063 -0.001219 8598 7370 33773810 1 99.47 217312 -0.03474 217800 0.003017 0.015381 -0.001234 8598 7370 33773810 1 98.48 258077 -0.009953 217057 -0.021594 -0.039942 -0.019426 8598 7370 33773810 1 104.62 286799 0.062348 217057 0.040491 0.050511 0.034174 8598 7370 33773810 1 106.28 188520 0.015867 215500 0.018792 0.015881 0.018201 8598 7370 33773810 1 107.43 173245 0.01082 215500 0.02219 0.025942 0.017884 8598 7370 33773810 1 115.4 232013 0.074188 214564 0.032664 0.017117 0.037198 8598 7370 33773810 1 115.31 200715 -0.00078 212900 0.002092 0.00641 -0.000389 8598 7370 33773810 1 119.14 149349 0.033215 212378 0.009615 0.003691 0.009091 8598 7370 33773810 1 125.28 172814 0.051536 212378 0.009335 -0.011327 0.011576 8598 7370 33773810 1 122.34 196877 -0.023467 210800 0.00947 0.022941 0.004814 8598 7370 33773810 1 128.5 135152 0.050352 210466 0.020329 0.009089 0.019349 8598 7370 33773810 1 123.71 179641 -0.037276 210466 0.001589 -0.00874 0.000546 8598 7370 33773810 1 128.96001 159908 0.042438 208800 0.023733 0.046756 0.019303 8598 7370 33773810 1 129.42999 173420 0.003644 208399 0.019282 0.002217 0.022188 8598 7370 33773810 1 131.45 228779 0.015607 208399 0.027309 0.020848 0.028083 8598 7370 33773810 1 131.13 151929 -0.002434 207600 0.012173 0.014234 0.009832 325912 143 Names Ticker 1 PERMN Date Symbol 134 10696 20180131 FISV 135 10696 20180228 FISV 136 10696 20180329 FISV 137 10696 20180430 FISV 138 10696 20180531 FISV 139 10696 20180629 FISV 140 10696 20180731 FISV 141 10696 20180831 FISV 142 10696 20180928 FISV 10696 20181031 FISV 144 10696 20181130 FISV 145 10696 20181231 FISV 146 10696 20190131 FISV 147 10696 20190228 FISV 148 10696 20190329 FISV 149 10696 20190430 FISV 150 10696 20190531 FISV 151 10696 20190628 FISV 152 10696 20190731 FISV 153 10696 20190830 FISV 154 10696 20190930 FISV 155 10696 20191031 FISV 156 10696 20191129 FISV 157 10696 20191231 FISV Company Name FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC FISERV INC Industrial Classificati CUSIP Nasd Index Price or Bid/Ack Shares Value-Weighted Return-incl. Equal-Weighted Return-incl. Return on the S&P 500 PERMC on Code Header Code Average Volume Return: Outstanding dividends dividends Index 8598 7370 33773810 140.84 192332 0.074049 207600 0.050657 0.02944 0.056179 8598 7370 33773810 1 143.39 310188 0.018106 206608 -0.039464 -0.04004 -0.038947 8598 7370 33773810 1 71.31 302208 -0.00537 411000 -0.018434 0.001183 -0.026885 8598 7370 33773810 1 70.86 320734 -0.00631 409437 0.004769 0.008205 0.002719 8598 7370 33773810 72.6 397061 0.024555 409437 0.026169 0.034612 0.021608 8598 7370 33773810 1 74.09 373513 0.020523 406100 0.005335 0.002815 0.004842 8598 7370 33773810 1 75.48 289044 0.018761 404927 0.031603 0.0068 0.036022 8598 7370 33773810 1 80.07 407334 0.060811 404927 0.030221 0.019158 0.030263 8598 7370 33773810 1 82.38 0.02885 401000 0.000446 -0.010314 0.004294 8598 7370 33773810 1 79.3 465090 -0.037388 398471 -0.074032 -0.082433 -0.069403 8598 7370 33773810 1 79.13 459175 -0.002144 398471 0.018535 0.000576 0.017859 8598 7370 33773810 1 73.49 457851 -0.071275 392500 -0.089807 -0.09931 -0.091777 8598 7370 33773810 82.93 1705694 0.128453 392500 0.088276 0.120268 0.078684 8598 7370 33773810 1 84.69 815787 0.021223 391587 0.032716 0.038566 0.029729 8598 7370 33773810 1 88.28 794472 0.04239 392300 0.012978 -0.003896 0.017924 8598 7370 33773810 1 87.24 921730 -0.011781 392440 0.037882 0.020323 0.039313 8598 7370 33773810 1 85.86 855682 -0.015818 392440 -0.061653 -0.064571 -0.065778 8598 7370 33773810 1 91.16 616579 0.061728 392900 0.067271 0.049002 0.06893 8598 7370 33773810 1 105.43 1476326 0.156538 679686 0.011882 -0.005245 0.013128 8598 7370 33773810 106.94 1008095 0.014322 679686 -0.020271 -0.040001 -0.018092 8598 7370 33773810 1 103.59 809322 -0.031326 680800 0.016024 0.01768 0.017181 8598 7370 33773810 1 106.14 643988 0.024616 679895 0.019265 0.006291 0.020432 8598 7370 33773810 116.24 647547 0.095157 679895 0.034971 0.026624 0.034047 8598 7370 33773810 1 115.63 481082 -0.005248 679895 0.028448 0.044379 0.02859

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting For Managers

Authors: Eric Noreen, Peter Brewer, Ray Garrison

6th Edition

1264100590, 9781264100590

More Books

Students also viewed these Accounting questions

Question

2. To store it and

Answered: 1 week ago