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Table A Market Value-Target Leverage Ratios and Credit Spreads for Marriott and Its Divisions Debt Percentage in Capital Fraction Fraction of Debt at Floating

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Table A Market Value-Target Leverage Ratios and Credit Spreads for Marriott and Its Divisions Debt Percentage in Capital Fraction Fraction of Debt at Floating of Debt at Fixed Marriott 60% 40% 60% Debt Rate Premium above Government 1.30% Lodging 74 50 Contract services 40 40 Restaurants 42 25 6850 50 60 1.10 1.40 75 1.80 Table B lists the interest rates on fixed-rate U.S. government securities in April 1988. Table B U.S. Government Interest Rates, April 1988 Maturity 30-year 10-year Rate 8.95% 8.72

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