Question

1 Approved Answer

Posted on Oct 02, 2024

Weighted Average Cost of Capital - (spreadsheet with information provided below) Suggested sources of the data: 1. SECs Edgar database for financial statements and annual

Weighted Average Cost of Capital - (spreadsheet with information provided below) Suggested sources of the data: 1. SECs Edgar database for financial statements and annual report 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, J is monthly returns on Boeings stock, L is CRSP value-weighted index, N 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, NASDAQ.com, or NYSE.com for the most current stock price ASSIGNMENT: Estimate the most current Weighted Average Cost of Capital of the Boeing Company (ticker: BA). 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%.

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C D Names Date CUSIP Ticker Symbol 19561 1/29/10 09702 BA 19561 2/26/10 09702 BA 19561 3/31/10 09702 BA 19561 4/30/10 09702 BA 19561 5/28/10 09702 BA 19561 6/30/10 09702 BA 19561 7/30/10 09702 BA 19561 8/31/10 09702 BA 19561 9/30/10 09702 BA 19561 10/29/10 09702 BA 19561 11/30/10 09702 BA 19561 12/31/10 09702 BA 19561 1/31/11 09702 BA 19561 2/28/11 09702 BA 19561 3/31/11 09702 BA 19561 4/29/11 09702 BA 19561 5/31/11 09702: BA 19561 6/30/11 09702 BA 19561 7/29/11 09702 BA 19561 8/31/11 09702 BA 19561 19561 19561 11/30/11 09702 BA 9/30/11 09702 BA 10/31/11 09702 BA 12/30/11 09702 BA 1/31/12 09702 BA 2/29/12 09702 BA 3/30/12 09702: BA 4/30/12 09702 BA 5/31/12 09702 BA 6/29/12 09702 BA 7/31/12 09702 BA 8/31/12 09702 BA 9/28/12 09702 BA 10/31/12 09702 BA 11/30/12 09702: BA 19561 19561 19561 19561 19561 19561 19561 19561 19561 19561 19561 19561 19561 19561 19561 19561 19561 19561 19561 19561 19561 19561 19561 19561 12/31/12 09702. BA 1/31/13 09702: BA 2/28/13 09702: BA 3/28/13 09702 BA 1/30/13 09702 BA 5/31/13 09702 BA 6/28/13 09702: BA 7/31/13 09702 BA 8/30/13 09702 BA 9/30/13 09702 BA 10/31/13 09702 BA 11/29/13 09702. BA 19561 12/31/13 09702 BA PERMNO E F Company Name Standard Industrial Classification Code BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO G CUSIP Header 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 H Price or Bid/Ask Average 60.59999847 63.15999985 72.61000061 72.43000031 64.18000031 62.75 68.13999939 61.13000107 66.54000092 70.63999939 63.77000046 65.26000214 69.48000336 72.01000214 73.93000031 79.77999878 78.02999878 73.93000031 70.47000122 66.86000061 60.50999832 65.79000092 68.69000244 73.34999847 74.18000031 74.94999695 74.37000275 76.80000305 69.61000061 74.30000305 73.91000366 71.40000153 69.59500122 70.44000244 74.27999878 75.36000061 73.87000275 76.90000153 85.84999847 91.41000366 99.01999664 102.4400024 105.0999985 103.9199982 117.5 130.5 134.25 136.4900055 Returns Volume 1306888 0.119527012 1087531 0.049174942 1638719 0.149620026 1178726 -0.002479 1526170 -0.10810438 1419413 -0.02228109 1100292 0.085896403 992459 -0.09671263 976772 0.088499911 976017 0.06161705 1501129 -0.09130803 1039470 0.023365244 1287345 0.064664438 917314 0.04245824 1198694 0.026662936 951939 0.079128884 875515 -0.01667085 1037613 -0.05254387 1064368 -0.04680102 1949409 -0.0452675 1247743 -0.09497461 1274533 0.087258346 1146154 0.050463617 1165742 0.067840964 1037972 0.011315635 843434 0.016311629 896385 -0.00773842 850001 0.032674469 880954 -0.08789065 884562 0.067375414 869711 -0.00524898 858018 -0.02800706 1030909 -0.02528012 921005 0.012141694 1016159 0.060760878 900539 0.014539605 1918426 -0.01977173 1014525 0.047583576 1054279 0.116384871 1063989 0.064764187 1116335 0.088556968 997383 0.034538537 1528475 0.02596638 798303 -0.00661275 893384 0.130677462 1021095 0.110638298 882800 0.032452106 787013 0.016685329 Shares Outstanding 756976 Value-Weighted Return-incl. dividends 726599 -0.03718551 756976 0.0347535 0.06368819 0.02003908 -0.07926682 -0.05080204 0.07038396 -0.04288652 759037 759037 759037 731681 731681 731681 733580 733580 733580 733580 736296 737072 738275 0.0916684 0.03860619 0.005121486 0.06721339 0.01919018 0.03816834 0.003342544 0.02860191 -0.01495748 -0.01845294 -0.02255024 -0.05759661 -0.08502997 738275 738275 741092 741092 741092 743234 743234 743234 743234 745721 0.1142145 -0.006273366 0.003670611 0.05413952 0.04125253 0.02403937 747834 749049 749049 -0.006840229 -0.06564105 749049 0.03818082 0.01030569 751798 751798 751798 0.02633639 0.02653238 -0.01406426 754077 754077 0.006219397 754077 0.01257959 0.05418909 0.008284338 754077 756166 757310 758681 758681 0.03531997 0.01494205 0.01915481 758681 754444 -0.01507128 0.05268972 -0.02576067 754444 754444 751453 0.03751395 0.03990784 751453 0.0249728 751453 0.02615935 M Equal-Weighted Return-incl. dividends N Return on the S&P 500 Index -0.01138809 -0.03697426 0.03360333 0.02851369 0.06928921 0.05879637 0.0578435 0.01475933 -0.07692907 -0.08197591 -0.05679911 -0.05388238 0.05994045 0.06877783 -0.04756605 0.09640156 -0.04744916 0.0875511 0.03685594 0.04068119 0.01073595 -0.002290283 0.06885102 0.01441175 0.06530007 0.02264559 0.03195658 0.03703619 0.008604834 -0.001047302 0.01920294 0.02849536 -0.01854949 -0.01350093 -0.02410562 -0.02181288 -0.07571505 -0.01825751 -0.02147444 -0.0567911 -0.07176201 -0.1009198 0.1076973 -0.02064476 -0.003560702 0.107723 -0.005058645 0.008532751 0.04358302 0.04058945 0.03133238 0.085342 0.03649384 0.01760839 -0.009106334 -0.007497497 -0.0684181 -0.06265067 0.03955492 0.03418799 -0.003280566 0.02481905 0.03492516 -0.01347699 0.01259764 0.01976336 0.02423609 -0.0197894 0.002846703 0.00706831 0.05042806 0.0110606 0.002790037 0.02187174 0.06350936 0.003490682 0.03141874 0.0359878 0.002477191 0.02398535 -0.01301197 0.05489828 0.01808576 0.02076278 -0.01499933 0.04946211 -0.01727787 -0.03129801 0.02974948 0.05182836 0.02576191 0.04459576 0.02339777 0.02804946 0.02524011 0.02356283 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 97 98 A B 19561 1/31/14 09702 BA 19561 2/28/14 09702) BA 19561 3/31/14 09702 BA 19561 4/30/14 09702 BA 19561 5/30/14 09702: BA 19561 6/30/14 09702: BA 19561 7/31/14 09702: BA 19561 8/29/14 09702 BA 19561 9/30/14 09702 BA 19561 10/31/14 09702. BA 19561 19561 19561 19561 19561 19561 11/28/14 09702 BA 12/31/14 09702: BA 1/30/15 09702: BA 2/27/15 09702 BA 3/31/15 09702: BA 4/30/15 09702 BA 5/29/15 09702 BA 6/30/15 09702 BA 7/31/15 09702: BA 8/31/15 09702 BA 9/30/15 09702 BA 19561 19561 19561 19561 19561 19561 19561 10/30/15 09702 BA 11/30/15 09702 BA 1/29/16 09702 BA 2/29/16 09702: BA 3/31/16 09702 BA 4/29/16 09702 BA 5/31/16 09702 BA 19561 12/31/15 09702 BA 19561 19561 19561 19561 19561 19561 19561 19561 19561 19561 19561 19561 6/30/16 09702 BA 7/29/16 09702: BA 8/31/16 09702 BA 9/30/16 09702 BA 10/31/16 09702 BA 11/30/16 09702 BA 12/30/16 09702 BA 1/31/17 09702: BA 2/28/17 09702: BA 19561 19561 19561 3/31/17 09702 BA 4/28/17 09702 BA 5/31/17 09702 BA 6/30/17 09702 BA 7/31/17 09702 BA 8/31/17 09702 BA 19561 19561 19561 19561 19561 19561 19561 19561 19561 19561 9/29/17 09702 BA 10/31/17 09702 BA 11/30/17 09702. BA 12/29/17 09702 BA 1/31/18 09702: BA D E BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO F G 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 H 125.2600021 128.9199982 125.4899979 129.0200043 135.25 127.2300034 120.4800034 126.8000031 127.3799973 124.9100037 134.3600006 129.9799957 145.3699951 150.8500061 150.0800018 143.3399963 140.5200043 138.7200012 144.1699982 130.6799927 130.9499969 148.0700073 145.4499969 144.5899963 120.1299973 118.1800003 126.9400024 134.8000031 126.1500015 129.8699951 133.6600037 129.4499969 131.7400055 142.4299927 150.5599976 155.6799927 163.4199982 180.2299957 176.8600006 184.8300018 187.6300049 197.75 242.4600067 239.6600037 254.2100067 257.980011 276.7999878 294.9100037 354.3699951 J I 1142579 -0.08227711 1201033 0.035047069 978387 -0.02660565 779880 0.028129783 615281 0.053945091 787896 -0.05929757 1118657 -0.05305352 793155 0.058515932 754179 0.004574087 1074977 -0.01939075 724232 0.081498653 968713 -0.03259902 1091006 0.118402831 925354 0.043956876 816078 -0.00510444 845092 -0.04490942 793069 -0.01332491 704632 -0.01280959 701387 0.039287753 928450 -0.08725814 812916 0.002066148 921496 0.130737007 528946 -0.01154866 797032 -0.00591269 1358692 -0.169168 1531973 -0.00715889 1078571 0.074124232 961945 0.061919019 822717 -0.05608309 1027560 0.029488653 761514 0.029183095 614806 -0.02334286 715705 0.017690293 809814 0.081144579 739716 0.064733595 633876 0.034006346 733790 0.049717408 673205 0.111553043 713524 -0.0186983 521778 0.045063898 660237 0.022831807 646068 0.053935912 751763 0.22609359 845251 -0.00569167 767462 0.060711019 687734 0.014830275 527524 0.078455597 715208 0.065426357 1259454 0.201620802 K 751453 743405 737077 729225 729225 729225 720613 720613 720613 712930 712930 712930 712930 704388 699842 691517 691517 691517 679495 679495 679495 669984 669984 669984 669984 662504 651056 637011 637011 637011 623826 623826 623826 617166 617166 617166 617166 612479 608085 603581 603581 603581 591083 591083 591083 595579 595579 595579 595579 L -0.03004685 0.04622539 0.004544167 0.001569083 0.02026029 0.0279905 -0.02056651 0.040225 -0.02520873 0.02117386 0.02111406 -0.003662216 -0.02720654 0.05597443 -0.01040972 0.008776248 0.01029037 -0.01923786 0.01211042 -0.05998238 -0.03379287 0.07400566 0.002410283 -0.02222741 -0.05714756 0.000612528 0.07055411 0.01172495 0.01435388 0.002929358 0.0388489 0.002806437 0.003015416 -0.02156556 0.04054275 0.01877218 0.02217304 0.03262344 0.002064205 0.009656754 0.009334882 0.00957965 0.02029371 0.001593433 0.02375789 0.01929426 0.02725955 0.01212895 0.05063845 M -0.001281825 0.04425716 0.001028132 -0.02231901 0.006646503 0.03950087 -0.03522305 0.03369716 -0.04498814 0.01419938 -0.002458344 -0.000188988 -0.01907281 0.05412007 -0.005111799 0.01512702 0.003970084 -0.01345881 -0.02712985 -0.047295 -0.04990627 0.05285119 0.00732618 -0.03586041 -0.07493412 0.005564447 0.07818126 0.0398181 -0.000583903 0.005847412 0.04989971 0.0128725 0.0153684 -0.03993042 0.05050829 0.01589688 0.02593708 0.01712115 0.006377946 0.003709057 -0.01130241 0.02296035 0.009081732 -0.008725863 0.04684453 0.002238708 0.02084257 0.0141853 0.02944088 N -0.0355829 0.04311704 0.006932158 0.006200797 0.02103028 0.01905831 -0.01507986 0.03765532 -0.01551386 0.02320146 0.02453358 -0.004188512 -0.03104085 0.05489251 -0.01739606 0.008520762 0.01049144 -0.02101177 0.01974204 -0.0625808 -0.02644282 0.08298308 0.000504963 -0.0175302 -0.05073534 -0.004128355 0.06599111 0.00269937 0.01532949 0.000906074 0.03560981 -0.001219176 -0.001234483 -0.01942562 0.03417445 0.01820075 0.01788434 0.03719826 -0.00038923 0.009091217 0.01157621 0.004813832 0.01934877 0.000546492 0.0193029 0.02218818 0.0280826 0.009831619 0.05617873 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 B C 19561 2/28/18 09702 BA 19561 3/29/18 09702 BA 19561 4/30/18 09702: BA 19561 5/31/18 09702 BA 19561 6/29/18 09702 BA 19561 19561 19561 7/31/18 09702 BA 8/31/18 09702 BA 9/28/18 09702 BA 19561 10/31/18 09702 BA 19561 11/30/18 09702 BA 19561 12/31/18 09702: BA 1/31/19 09702 BA 19561 2/28/19 09702 BA 19561 19561 3/29/19 09702 BA 19561 4/30/19 09702: BA 19561 19561 5/31/19 09702 BA 6/28/19 09702 BA 19561 7/31/19 09702 BA 19561 19561 8/30/19 09702 BA 9/30/19 09702 BA 10/31/19 09702 BA 11/29/19 09702 BA 19561 19561 19561 19561 19561 12/31/19 09702 BA 1/31/20 09702: BA 2/28/20 09702: BA 19561 3/31/20 09702 BA 19561 19561 19561 19561 4/30/20 09702 BA 5/29/20 09702: BA 6/30/20 09702 BA 7/31/20 09702 BA 8/31/20 09702 BA 9/30/20 09702 BA 10/30/20 09702 BA 19561 19561 19561 19561 19561 19561 19561 11/30/20 09702 BA 12/31/20 09702 BA 1/29/21 09702 BA 2/26/21 09702 BA 19561 3/31/21 09702 BA 19561 4/30/21 09702: BA 5/28/21 09702: BA 19561 19561 19561 19561 19561 6/30/21 09702 BA 7/30/21 09702 BA 8/31/21 09702: BA 9/30/21 09702: BA 19561 10/29/21 09702 BA 19561 11/30/21 09702. BA 19561 12/31/21 09702 BA 19561 1/31/22 09702: BA 19561 2/28/22 09702 BA A D E BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO G 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 H 362 2099915 327.8800049 333.5599976 352.1600037 335.5100098 356.2999878 342.7900085 371.8999939 354.8599854 346.7600098 322.5 385.6199951 439.9599915 381.4200134 377.6900024 341.6099854 364.0100098 341.1799927 364.0899963 380.4700012 339.9100037 366.1799927 325.7600098 318.269989 275.1099854 149.1399994 141.0200043 145.8500061 183.3000031 158 171.8200073 165.2599945 144.3899994 210.7100067 214.0599976 194.1900024 212.0099945 254.7200012 234.3099976 247.0200043 239.5599976 226.4799957 219.5 219.9400024 207.0299988 197.8500061 201.3200073 200.2400055 205.3399963 J I 1160970 0.026949223 1385877 -0.09477924 1038315 0.017323388 857128 0.060888615 845443 -0.04727963 602616 0.061965298 629727 -0.0331181 645307 0.084920749 1002646 -0.04581879 854479 -0.01800703 911681 -0.06996196 907879 0.195720911 768827 0.146245003 2567694 -0.1330575 1414084 -0.00977927 1028035 -0.09008715 808307 0.065571927 1041926 -0.0627181 959160 0.073172532 793806 0.044988889 1128011 -0.10660498 867920 0.083330847 1278087 -0.11038283 1816596 -0.02299245 1183158 -0.12915136 7440495 -0.45788956 8193163 -0.05444546 6120838 0.034250472 14652446 0.256770611 8026466 -0.1380251 6247571 0.087468401 4644053 -0.03817956 4220200 -0.12628582 5267708 0.459311634 4094760 0.015898585 2577624 -0.09282442 2441493 0.091765754 5185977 0.201452792 2608796 -0.08012721 2584297 0.054244407 2632797 -0.03020001 2724038 -0.05460011 1879631 -0.03081948 1940326 0.002004567 1715544 -0.05869784 2226289 -0.04434136 2127696 0.017538546 2191318 -0.0053646 1673138 0.025469391 K 588490 587224 582581 582581 582581 574508 574508 574508 567885 567885 567885 567885 564985 564482 562630 562630 562630 562710 562710 562710 562791 562791 562791 563152 563152 564226 564325 564325 564325 564449 564449 564449 564530 564530 564530 564530 582997 583640 584810 584810 584810 586152 586152 586152 587699 587699 587699 588917 583000 L -0.03948133 -0.01844534 0.004691885 0.02616445 0.005365018 0.03160357 0.03023302 0.000424629 -0.07404541 0.01851215 -0.08989003 0.08829391 0.03272421 0.01296229 0.03789327 -0.06167856 0.06727886 0.01185431 -0.02033933 0.01603297 0.01925594 0.03499652 0.02849068 -0.001727776 -0.07791807 -0.1417326 0.1296738 0.05373875 0.02529908 0.05552897 0.06844219 -0.03505599 -0.02017831 0.123707 0.04504829 -0.000631132 0.02919624 0.03057331 0.0481902 0.007091862 0.02342179 0.01182765 0.0271466 -0.04224337 0.06465662 -0.01834671 0.03334479 -0.05975434 -0.02202665 M -0.04002608 0.001241613 0.008169158 0.03459341 0.002789856 0.006837452 0.01920053 -0.01033235 -0.08237485 0.000656494 -0.09932105 0.1202603 0.03857165 -0.003907792 0.02035465 -0.06457144 0.04900182 -0.00524487 -0.04000117 0.0176807 0.006290786 0.02660081 0.04437933 -0.01333364 -0.06981447 -0.207501 0.1538675 0.0640695 0.057391 0.04073652 0.03888379 -0.02735648 0.000583981 0.1744121 0.07285289 0.07319181 0.06752776 0.01244888 0.01661203 0.01317869 0.0214816 -0.03364395 0.0188918 -0.02847201 0.02655724 -0.04654037 -0.00175968 -0.06819115 -0.007667365 N -0.03894738 -0.02688451 0.002718801 0.02160835 0.0048424 0.03602159 0.03026322 0.004294301 -0.06940336 0.01785938 -0.09177695 0.0786844 0.02972893 0.01792429 0.03931344 -0.06577773 0.06893019 0.01312819 -0.01809165 0.01718117 0.02043175 0.03404706 0.0285898 -0.00162809 -0.08411047 -0.1251193 0.1268441 0.04528178 0.0183884 0.0551013 0.07006469 -0.03922796 -0.02766578 0.1075457 0.03712141 -0.01113664 0.02609148 0.04243863 0.05242531 0.005486503 0.02221398 0.02274811 0.02899032 -0.04756914 0.06914388 -0.008333731 0.04361288 -0.05258509 -0.03136052 C D Names Date CUSIP Ticker Symbol 19561 1/29/10 09702 BA 19561 2/26/10 09702 BA 19561 3/31/10 09702 BA 19561 4/30/10 09702 BA 19561 5/28/10 09702 BA 19561 6/30/10 09702 BA 19561 7/30/10 09702 BA 19561 8/31/10 09702 BA 19561 9/30/10 09702 BA 19561 10/29/10 09702 BA 19561 11/30/10 09702 BA 19561 12/31/10 09702 BA 19561 1/31/11 09702 BA 19561 2/28/11 09702 BA 19561 3/31/11 09702 BA 19561 4/29/11 09702 BA 19561 5/31/11 09702: BA 19561 6/30/11 09702 BA 19561 7/29/11 09702 BA 19561 8/31/11 09702 BA 19561 19561 19561 11/30/11 09702 BA 9/30/11 09702 BA 10/31/11 09702 BA 12/30/11 09702 BA 1/31/12 09702 BA 2/29/12 09702 BA 3/30/12 09702: BA 4/30/12 09702 BA 5/31/12 09702 BA 6/29/12 09702 BA 7/31/12 09702 BA 8/31/12 09702 BA 9/28/12 09702 BA 10/31/12 09702 BA 11/30/12 09702: BA 19561 19561 19561 19561 19561 19561 19561 19561 19561 19561 19561 19561 19561 19561 19561 19561 19561 19561 19561 19561 19561 19561 19561 19561 12/31/12 09702. BA 1/31/13 09702: BA 2/28/13 09702: BA 3/28/13 09702 BA 1/30/13 09702 BA 5/31/13 09702 BA 6/28/13 09702: BA 7/31/13 09702 BA 8/30/13 09702 BA 9/30/13 09702 BA 10/31/13 09702 BA 11/29/13 09702. BA 19561 12/31/13 09702 BA PERMNO E F Company Name Standard Industrial Classification Code BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO G CUSIP Header 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 H Price or Bid/Ask Average 60.59999847 63.15999985 72.61000061 72.43000031 64.18000031 62.75 68.13999939 61.13000107 66.54000092 70.63999939 63.77000046 65.26000214 69.48000336 72.01000214 73.93000031 79.77999878 78.02999878 73.93000031 70.47000122 66.86000061 60.50999832 65.79000092 68.69000244 73.34999847 74.18000031 74.94999695 74.37000275 76.80000305 69.61000061 74.30000305 73.91000366 71.40000153 69.59500122 70.44000244 74.27999878 75.36000061 73.87000275 76.90000153 85.84999847 91.41000366 99.01999664 102.4400024 105.0999985 103.9199982 117.5 130.5 134.25 136.4900055 Returns Volume 1306888 0.119527012 1087531 0.049174942 1638719 0.149620026 1178726 -0.002479 1526170 -0.10810438 1419413 -0.02228109 1100292 0.085896403 992459 -0.09671263 976772 0.088499911 976017 0.06161705 1501129 -0.09130803 1039470 0.023365244 1287345 0.064664438 917314 0.04245824 1198694 0.026662936 951939 0.079128884 875515 -0.01667085 1037613 -0.05254387 1064368 -0.04680102 1949409 -0.0452675 1247743 -0.09497461 1274533 0.087258346 1146154 0.050463617 1165742 0.067840964 1037972 0.011315635 843434 0.016311629 896385 -0.00773842 850001 0.032674469 880954 -0.08789065 884562 0.067375414 869711 -0.00524898 858018 -0.02800706 1030909 -0.02528012 921005 0.012141694 1016159 0.060760878 900539 0.014539605 1918426 -0.01977173 1014525 0.047583576 1054279 0.116384871 1063989 0.064764187 1116335 0.088556968 997383 0.034538537 1528475 0.02596638 798303 -0.00661275 893384 0.130677462 1021095 0.110638298 882800 0.032452106 787013 0.016685329 Shares Outstanding 756976 Value-Weighted Return-incl. dividends 726599 -0.03718551 756976 0.0347535 0.06368819 0.02003908 -0.07926682 -0.05080204 0.07038396 -0.04288652 759037 759037 759037 731681 731681 731681 733580 733580 733580 733580 736296 737072 738275 0.0916684 0.03860619 0.005121486 0.06721339 0.01919018 0.03816834 0.003342544 0.02860191 -0.01495748 -0.01845294 -0.02255024 -0.05759661 -0.08502997 738275 738275 741092 741092 741092 743234 743234 743234 743234 745721 0.1142145 -0.006273366 0.003670611 0.05413952 0.04125253 0.02403937 747834 749049 749049 -0.006840229 -0.06564105 749049 0.03818082 0.01030569 751798 751798 751798 0.02633639 0.02653238 -0.01406426 754077 754077 0.006219397 754077 0.01257959 0.05418909 0.008284338 754077 756166 757310 758681 758681 0.03531997 0.01494205 0.01915481 758681 754444 -0.01507128 0.05268972 -0.02576067 754444 754444 751453 0.03751395 0.03990784 751453 0.0249728 751453 0.02615935 M Equal-Weighted Return-incl. dividends N Return on the S&P 500 Index -0.01138809 -0.03697426 0.03360333 0.02851369 0.06928921 0.05879637 0.0578435 0.01475933 -0.07692907 -0.08197591 -0.05679911 -0.05388238 0.05994045 0.06877783 -0.04756605 0.09640156 -0.04744916 0.0875511 0.03685594 0.04068119 0.01073595 -0.002290283 0.06885102 0.01441175 0.06530007 0.02264559 0.03195658 0.03703619 0.008604834 -0.001047302 0.01920294 0.02849536 -0.01854949 -0.01350093 -0.02410562 -0.02181288 -0.07571505 -0.01825751 -0.02147444 -0.0567911 -0.07176201 -0.1009198 0.1076973 -0.02064476 -0.003560702 0.107723 -0.005058645 0.008532751 0.04358302 0.04058945 0.03133238 0.085342 0.03649384 0.01760839 -0.009106334 -0.007497497 -0.0684181 -0.06265067 0.03955492 0.03418799 -0.003280566 0.02481905 0.03492516 -0.01347699 0.01259764 0.01976336 0.02423609 -0.0197894 0.002846703 0.00706831 0.05042806 0.0110606 0.002790037 0.02187174 0.06350936 0.003490682 0.03141874 0.0359878 0.002477191 0.02398535 -0.01301197 0.05489828 0.01808576 0.02076278 -0.01499933 0.04946211 -0.01727787 -0.03129801 0.02974948 0.05182836 0.02576191 0.04459576 0.02339777 0.02804946 0.02524011 0.02356283 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 97 98 A B 19561 1/31/14 09702 BA 19561 2/28/14 09702) BA 19561 3/31/14 09702 BA 19561 4/30/14 09702 BA 19561 5/30/14 09702: BA 19561 6/30/14 09702: BA 19561 7/31/14 09702: BA 19561 8/29/14 09702 BA 19561 9/30/14 09702 BA 19561 10/31/14 09702. BA 19561 19561 19561 19561 19561 19561 11/28/14 09702 BA 12/31/14 09702: BA 1/30/15 09702: BA 2/27/15 09702 BA 3/31/15 09702: BA 4/30/15 09702 BA 5/29/15 09702 BA 6/30/15 09702 BA 7/31/15 09702: BA 8/31/15 09702 BA 9/30/15 09702 BA 19561 19561 19561 19561 19561 19561 19561 10/30/15 09702 BA 11/30/15 09702 BA 1/29/16 09702 BA 2/29/16 09702: BA 3/31/16 09702 BA 4/29/16 09702 BA 5/31/16 09702 BA 19561 12/31/15 09702 BA 19561 19561 19561 19561 19561 19561 19561 19561 19561 19561 19561 19561 6/30/16 09702 BA 7/29/16 09702: BA 8/31/16 09702 BA 9/30/16 09702 BA 10/31/16 09702 BA 11/30/16 09702 BA 12/30/16 09702 BA 1/31/17 09702: BA 2/28/17 09702: BA 19561 19561 19561 3/31/17 09702 BA 4/28/17 09702 BA 5/31/17 09702 BA 6/30/17 09702 BA 7/31/17 09702 BA 8/31/17 09702 BA 19561 19561 19561 19561 19561 19561 19561 19561 19561 19561 9/29/17 09702 BA 10/31/17 09702 BA 11/30/17 09702. BA 12/29/17 09702 BA 1/31/18 09702: BA D E BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO F G 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 H 125.2600021 128.9199982 125.4899979 129.0200043 135.25 127.2300034 120.4800034 126.8000031 127.3799973 124.9100037 134.3600006 129.9799957 145.3699951 150.8500061 150.0800018 143.3399963 140.5200043 138.7200012 144.1699982 130.6799927 130.9499969 148.0700073 145.4499969 144.5899963 120.1299973 118.1800003 126.9400024 134.8000031 126.1500015 129.8699951 133.6600037 129.4499969 131.7400055 142.4299927 150.5599976 155.6799927 163.4199982 180.2299957 176.8600006 184.8300018 187.6300049 197.75 242.4600067 239.6600037 254.2100067 257.980011 276.7999878 294.9100037 354.3699951 J I 1142579 -0.08227711 1201033 0.035047069 978387 -0.02660565 779880 0.028129783 615281 0.053945091 787896 -0.05929757 1118657 -0.05305352 793155 0.058515932 754179 0.004574087 1074977 -0.01939075 724232 0.081498653 968713 -0.03259902 1091006 0.118402831 925354 0.043956876 816078 -0.00510444 845092 -0.04490942 793069 -0.01332491 704632 -0.01280959 701387 0.039287753 928450 -0.08725814 812916 0.002066148 921496 0.130737007 528946 -0.01154866 797032 -0.00591269 1358692 -0.169168 1531973 -0.00715889 1078571 0.074124232 961945 0.061919019 822717 -0.05608309 1027560 0.029488653 761514 0.029183095 614806 -0.02334286 715705 0.017690293 809814 0.081144579 739716 0.064733595 633876 0.034006346 733790 0.049717408 673205 0.111553043 713524 -0.0186983 521778 0.045063898 660237 0.022831807 646068 0.053935912 751763 0.22609359 845251 -0.00569167 767462 0.060711019 687734 0.014830275 527524 0.078455597 715208 0.065426357 1259454 0.201620802 K 751453 743405 737077 729225 729225 729225 720613 720613 720613 712930 712930 712930 712930 704388 699842 691517 691517 691517 679495 679495 679495 669984 669984 669984 669984 662504 651056 637011 637011 637011 623826 623826 623826 617166 617166 617166 617166 612479 608085 603581 603581 603581 591083 591083 591083 595579 595579 595579 595579 L -0.03004685 0.04622539 0.004544167 0.001569083 0.02026029 0.0279905 -0.02056651 0.040225 -0.02520873 0.02117386 0.02111406 -0.003662216 -0.02720654 0.05597443 -0.01040972 0.008776248 0.01029037 -0.01923786 0.01211042 -0.05998238 -0.03379287 0.07400566 0.002410283 -0.02222741 -0.05714756 0.000612528 0.07055411 0.01172495 0.01435388 0.002929358 0.0388489 0.002806437 0.003015416 -0.02156556 0.04054275 0.01877218 0.02217304 0.03262344 0.002064205 0.009656754 0.009334882 0.00957965 0.02029371 0.001593433 0.02375789 0.01929426 0.02725955 0.01212895 0.05063845 M -0.001281825 0.04425716 0.001028132 -0.02231901 0.006646503 0.03950087 -0.03522305 0.03369716 -0.04498814 0.01419938 -0.002458344 -0.000188988 -0.01907281 0.05412007 -0.005111799 0.01512702 0.003970084 -0.01345881 -0.02712985 -0.047295 -0.04990627 0.05285119 0.00732618 -0.03586041 -0.07493412 0.005564447 0.07818126 0.0398181 -0.000583903 0.005847412 0.04989971 0.0128725 0.0153684 -0.03993042 0.05050829 0.01589688 0.02593708 0.01712115 0.006377946 0.003709057 -0.01130241 0.02296035 0.009081732 -0.008725863 0.04684453 0.002238708 0.02084257 0.0141853 0.02944088 N -0.0355829 0.04311704 0.006932158 0.006200797 0.02103028 0.01905831 -0.01507986 0.03765532 -0.01551386 0.02320146 0.02453358 -0.004188512 -0.03104085 0.05489251 -0.01739606 0.008520762 0.01049144 -0.02101177 0.01974204 -0.0625808 -0.02644282 0.08298308 0.000504963 -0.0175302 -0.05073534 -0.004128355 0.06599111 0.00269937 0.01532949 0.000906074 0.03560981 -0.001219176 -0.001234483 -0.01942562 0.03417445 0.01820075 0.01788434 0.03719826 -0.00038923 0.009091217 0.01157621 0.004813832 0.01934877 0.000546492 0.0193029 0.02218818 0.0280826 0.009831619 0.05617873 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 B C 19561 2/28/18 09702 BA 19561 3/29/18 09702 BA 19561 4/30/18 09702: BA 19561 5/31/18 09702 BA 19561 6/29/18 09702 BA 19561 19561 19561 7/31/18 09702 BA 8/31/18 09702 BA 9/28/18 09702 BA 19561 10/31/18 09702 BA 19561 11/30/18 09702 BA 19561 12/31/18 09702: BA 1/31/19 09702 BA 19561 2/28/19 09702 BA 19561 19561 3/29/19 09702 BA 19561 4/30/19 09702: BA 19561 19561 5/31/19 09702 BA 6/28/19 09702 BA 19561 7/31/19 09702 BA 19561 19561 8/30/19 09702 BA 9/30/19 09702 BA 10/31/19 09702 BA 11/29/19 09702 BA 19561 19561 19561 19561 19561 12/31/19 09702 BA 1/31/20 09702: BA 2/28/20 09702: BA 19561 3/31/20 09702 BA 19561 19561 19561 19561 4/30/20 09702 BA 5/29/20 09702: BA 6/30/20 09702 BA 7/31/20 09702 BA 8/31/20 09702 BA 9/30/20 09702 BA 10/30/20 09702 BA 19561 19561 19561 19561 19561 19561 19561 11/30/20 09702 BA 12/31/20 09702 BA 1/29/21 09702 BA 2/26/21 09702 BA 19561 3/31/21 09702 BA 19561 4/30/21 09702: BA 5/28/21 09702: BA 19561 19561 19561 19561 19561 6/30/21 09702 BA 7/30/21 09702 BA 8/31/21 09702: BA 9/30/21 09702: BA 19561 10/29/21 09702 BA 19561 11/30/21 09702. BA 19561 12/31/21 09702 BA 19561 1/31/22 09702: BA 19561 2/28/22 09702 BA A D E BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO BOEING CO G 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 3721 09702310 H 362 2099915 327.8800049 333.5599976 352.1600037 335.5100098 356.2999878 342.7900085 371.8999939 354.8599854 346.7600098 322.5 385.6199951 439.9599915 381.4200134 377.6900024 341.6099854 364.0100098 341.1799927 364.0899963 380.4700012 339.9100037 366.1799927 325.7600098 318.269989 275.1099854 149.1399994 141.0200043 145.8500061 183.3000031 158 171.8200073 165.2599945 144.3899994 210.7100067 214.0599976 194.1900024 212.0099945 254.7200012 234.3099976 247.0200043 239.5599976 226.4799957 219.5 219.9400024 207.0299988 197.8500061 201.3200073 200.2400055 205.3399963 J I 1160970 0.026949223 1385877 -0.09477924 1038315 0.017323388 857128 0.060888615 845443 -0.04727963 602616 0.061965298 629727 -0.0331181 645307 0.084920749 1002646 -0.04581879 854479 -0.01800703 911681 -0.06996196 907879 0.195720911 768827 0.146245003 2567694 -0.1330575 1414084 -0.00977927 1028035 -0.09008715 808307 0.065571927 1041926 -0.0627181 959160 0.073172532 793806 0.044988889 1128011 -0.10660498 867920 0.083330847 1278087 -0.11038283 1816596 -0.02299245 1183158 -0.12915136 7440495 -0.45788956 8193163 -0.05444546 6120838 0.034250472 14652446 0.256770611 8026466 -0.1380251 6247571 0.087468401 4644053 -0.03817956 4220200 -0.12628582 5267708 0.459311634 4094760 0.015898585 2577624 -0.09282442 2441493 0.091765754 5185977 0.201452792 2608796 -0.08012721 2584297 0.054244407 2632797 -0.03020001 2724038 -0.05460011 1879631 -0.03081948 1940326 0.002004567 1715544 -0.05869784 2226289 -0.04434136 2127696 0.017538546 2191318 -0.0053646 1673138 0.025469391 K 588490 587224 582581 582581 582581 574508 574508 574508 567885 567885 567885 567885 564985 564482 562630 562630 562630 562710 562710 562710 562791 562791 562791 563152 563152 564226 564325 564325 564325 564449 564449 564449 564530 564530 564530 564530 582997 583640 584810 584810 584810 586152 586152 586152 587699 587699 587699 588917 583000 L -0.03948133 -0.01844534 0.004691885 0.02616445 0.005365018 0.03160357 0.03023302 0.000424629 -0.07404541 0.01851215 -0.08989003 0.08829391 0.03272421 0.01296229 0.03789327 -0.06167856 0.06727886 0.01185431 -0.02033933 0.01603297 0.01925594 0.03499652 0.02849068 -0.001727776 -0.07791807 -0.1417326 0.1296738 0.05373875 0.02529908 0.05552897 0.06844219 -0.03505599 -0.02017831 0.123707 0.04504829 -0.000631132 0.02919624 0.03057331 0.0481902 0.007091862 0.02342179 0.01182765 0.0271466 -0.04224337 0.06465662 -0.01834671 0.03334479 -0.05975434 -0.02202665 M -0.04002608 0.001241613 0.008169158 0.03459341 0.002789856 0.006837452 0.01920053 -0.01033235 -0.08237485 0.000656494 -0.09932105 0.1202603 0.03857165 -0.003907792 0.02035465 -0.06457144 0.04900182 -0.00524487 -0.04000117 0.0176807 0.006290786 0.02660081 0.04437933 -0.01333364 -0.06981447 -0.207501 0.1538675 0.0640695 0.057391 0.04073652 0.03888379 -0.02735648 0.000583981 0.1744121 0.07285289 0.07319181 0.06752776 0.01244888 0.01661203 0.01317869 0.0214816 -0.03364395 0.0188918 -0.02847201 0.02655724 -0.04654037 -0.00175968 -0.06819115 -0.007667365 N -0.03894738 -0.02688451 0.002718801 0.02160835 0.0048424 0.03602159 0.03026322 0.004294301 -0.06940336 0.01785938 -0.09177695 0.0786844 0.02972893 0.01792429 0.03931344 -0.06577773 0.06893019 0.01312819 -0.01809165 0.01718117 0.02043175 0.03404706 0.0285898 -0.00162809 -0.08411047 -0.1251193 0.1268441 0.04528178 0.0183884 0.0551013 0.07006469 -0.03922796 -0.02766578 0.1075457 0.03712141 -0.01113664 0.02609148 0.04243863 0.05242531 0.005486503 0.02221398 0.02274811 0.02899032 -0.04756914 0.06914388 -0.008333731 0.04361288 -0.05258509 -0.03136052