finance excil WACC

lee994
HeinzCaseSpreadsheet.xlsx

Title Page

This spreadsheet supports STUDENT analysis of the case “H. J. Heinz: Estimating the Cost of Capital in Uncertain Times” (UVA-F-1634).
This spreadsheet was prepared by Associate Professor Marc Lipson. Copyright © 2011 by the University of Virginia Darden School Foundation, Charlottesville, VA. All rights reserved. For customer service inquiries, send an e-mail tosales@dardenbusinesspublishing.com. No part of this publication may be reproduced, stored in a retrieval system, posted to the Internet, or transmitted in any form or by any means—electronic, mechanical, photocopying, recording, or otherwise—without the permission of the Darden School Foundation.
Rev. Jan. 6, 2016

Case Exhibit 1

Exhibit 1
H. J. HEINZ: ESTIMATING THE COST OF CAPITAL IN UNCERTAIN TIMES
Income Statement
(numbers in thousands except per-share amounts; fiscal year ends in April)
2008 2009 2010
Revenue 9,885,556 10,011,331 10,494,983
Costs of goods sold 6,233,420 6,442,075 6,700,677          
Gross profit 3,652,136 3,569,256 3,794,306
SG&A expense 2,081,801 2,066,810 2,235,078
Operating income 1,570,335 1,502,446 1,559,228
Interest expense 323,289 275,485 250,574
Other income (expense) (16,283) 92,922 (18,200)
Income before taxes 1,230,763 1,319,883 1,290,454
30% 28% 28%
Income taxes 372,587 375,483 358,514
Net income after taxes 858,176 944,400 931,940
Adjustments to net income (13,251) (21,328) (67,048)          
Net income 844,925 923,072 864,892
Diluted EPS 2.61 2.89 2.71              
Dividends per share 1.52 1.66 1.68
Data source: H. J. Heinz SEC filings, 2008–10.
             
             

Case Exhibit 2

Exhibit 2
H. J. HEINZ: ESTIMATING THE COST OF CAPITAL IN UNCERTAIN TIMES
Balance Sheet
(numbers in thousands of dollars except per-share amounts; fiscal year ends in April)
2008 2009 2010
Cash 617,687 373,145 483,253
Net receivables 1,161,481 1,171,797 1,045,338
Inventories 1,378,216 1,237,613 1,249,127
Other current assets 168,182 162,466 273,407
Total current assets 3,325,566 2,945,021 3,051,125
Net fixed assets 2,104,713 1,978,302 2,091,796
Other noncurrent assets 5,134,764 4,740,861 4,932,790
Total assets 10,565,043 9,664,184 10,075,711
Accounts payable 1,247,479 1,113,307 1,129,514
Short-term debt 124,290 61,297 43,853
Current portion of long-term debt 328,418 4,341 15,167
Other current liabilities 969,873 883,901 986,825
Total current liabilities 2,670,060 2,062,846 2,175,359
Long-term debt 4,730,946 5,076,186 4,559,152
Other noncurrent liabilities 1,276,217 1,246,047 1,392,704
6,007,163 6,322,233 5,951,856
Equity 1,887,820 1,279,105 1,948,496
Total liabilities and equity 10,565,043 9,664,184 10,075,711
Shares outstanding (in millions of dollars) 311.45 314.86 317.69
Data source: H. J. Heinz SEC filings, 2008–10.

Case Exhibit 3

Exhibit 3
H. J. HEINZ: ESTIMATING THE COST OF CAPITAL IN UNCERTAIN TIMES
Capital Market Data
Yields and prices as of the last trading day in April of the year indicated.
Average Historic Yields
2003 2004 2005 2006 2007 2008 2009 2010
1-year 1.22% 1.55% 3.33% 4.98% 4.89% 1.85% 0.49% 0.41%
5-year 2.85% 3.63% 3.90% 4.92% 4.51% 3.03% 2.02% 2.43%
10-year 3.89% 4.53% 4.21% 5.07% 4.63% 3.77% 3.16% 3.69%
30-year(1) 4.79% 5.31% 4.61% 5.17% 4.89% 4.49% 4.05% 4.53%
Moody’s Aaa 5.53% 5.87% 5.21% 5.95% 5.40% 5.51% 5.45% 5.13%
Moody’s Baa 6.65% 6.58% 5.97% 6.74% 6.31% 6.87% 8.24% 6.07%
3-month commercial paper 1.21% 1.08% 2.97% 4.90% 5.22% 1.91% 0.22% 0.24%
Heinz Capital Market Prices of Typical Issues
2009 2010
Heinz stock price $34.42 $46.87
Bond Price: 6.750% coupon, semiannual bond due 3/15/32 (Baa rated) 91.4 116.9
Bond Price: 6.625% coupon, semiannual bond due 10/15/12 (Baa rated) 116.5 113.7
(1) The 20-year yield is used for 2003 to 2005 when the 30-year was not issued.
Note that bond data are slightly modified for teaching purposes.
Source: Federal Reserve, Value Line, Morningstar, and case writer estimates.

Case Exhibit 4

Exhibit 4
H. J. HEINZ: ESTIMATING THE COST OF CAPITAL IN UNCERTAIN TIMES
Comparable Firm Data
Campbell Del
Kraft Soup Monte
Financial Summary
Revenues (in millions of dollars) 40,386 7,589 3,739
Book value of equity (in millions of dollars) 25,972 728 1,827
Book value of debt (in millions of dollars) 18,990 2,624 1,290
Market Data
Beta 0.65 0.55 0.70
Shares outstanding (in millions of dollars) 1,735 363 182
Share price (dollars as of close April 30, 2010) 29.90 35.64 15.11
Typical Standard & Poor’s bond rating BBB− A BB
Representative yield on long-term debt 5.12% 4.36% 6.19%
Data sources: Value Line; H. J. Heinz SEC filings, 2008–10; case writer estimates; Morningstar.

Figure 1

Heinz Stock Price and Normalized S&P 500 Index

38474 38475 38476 38477 38478 38481 38482 38483 38484 38485 38488 38489 38490 38491 38492 38495 38496 38497 38498 38499 38503 38504 38505 38506 38509 38510 38511 38512 38513 38516 38517 38518 38519 38520 38523 38524 38525 38526 38527 38530 38531 38532 38533 38534 38538 38539 38540 38541 38544 38545 38546 38547 38548 38551 38552 38553 38554 38555 38558 38559 38560 38561 38562 38565 38566 38567 38568 38569 38572 38573 38574 38575 38576 38579 38580 38581 38582 38583 38586 38587 38588 38589 38590 38593 38594 38595 38596 38597 38601 38602 38603 38604 38607 38608 38609 38610 38611 38614 38615 38616 38617 38618 38621 38622 38623 38624 38625 38628 38629 38630 38631 38632 38635 38636 38637 38638 38639 38642 38643 38644 38645 38646 38649 38650 38651 38652 38653 38656 38657 38658 38659 38660 38663 38664 38665 38666 38667 38670 38671 38672 38673 38674 38677 38678 38679 38681 38684 38685 38686 38687 38688 38691 38692 38693 38694 38695 38698 38699 38700 38701 38702 38705 38706 38707 38708 38709 38713 38714 38715 38716 38720 38721 38722 38723 38726 38727 38728 38729 38730 38734 38735 38736 38737 38740 38741 38742 38743 38744 38747 38748 38749 38750 38751 38754 38755 38756 38757 38758 38761 38762 38763 38764 38765 38769 38770 38771 38772 38775 38776 38777 38778 38779 38782 38783 38784 38785 38786 38789 38790 38791 38792 38793 38796 38797 38798 38799 38800 38803 38804 38805 38806 38807 38810 38811 38812 38813 38814 38817 38818 38819 38820 38824 38825 38826 38827 38828 38831 38832 38833 38834 38835 38838 38839 38840 38841 38842 38845 38846 38847 38848 38849 38852 38853 38854 38855 38856 38859 38860 38861 38862 38863 38867 38868 38869 38870 38873 38874 38875 38876 38877 38880 38881 38882 38883 38884 38887 38888 38889 38890 38891 38894 38895 38896 38897 38898 38901 38903 38904 38905 38908 38909 38910 38911 38912 38915 38916 38917 38918 38919 38922 38923 38924 38925 38926 38929 38930 38931 38932 38933 38936 38937 38938 38939 38940 38943 38944 38945 38946 38947 38950 38951 38952 38953 38954 38957 38958 38959 38960 38961 38965 38966 38967 38968 38971 38972 38973 38974 38975 38978 38979 38980 38981 38982 38985 38986 38987 38988 38989 38992 38993 38994 38995 38996 38999 39000 39001 39002 39003 39006 39007 39008 39009 39010 39013 39014 39015 39016 39017 39020 39021 39022 39023 39024 39027 39028 39029 39030 39031 39034 39035 39036 39037 39038 39041 39042 39043 39045 39048 39049 39050 39051 39052 39055 39056 39057 39058 39059 39062 39063 39064 39065 39066 39069 39070 39071 39072 39073 39077 39078 39079 39080 39085 39086 39087 39090 39091 39092 39093 39094 39098 39099 39100 39101 39104 39105 39106 39107 39108 39111 39112 39113 39114 39115 39118 39119 39120 39121 39122 39125 39126 39127 39128 39129 39133 39134 39135 39136 39139 39140 39141 39142 39143 39146 39147 39148 39149 39150 39153 39154 39155 39156 39157 39160 39161 39162 39163 39164 39167 39168 39169 39170 39171 39174 39175 39176 39177 39181 39182 39183 39184 39185 39188 39189 39190 39191 39192 39195 39196 39197 39198 39199 39202 39203 39204 39205 39206 39209 39210 39211 39212 39213 39216 39217 39218 39219 39220 39223 39224 39225 39226 39227 39231 39232 39233 39234 39237 39238 39239 39240 39241 39244 39245 39246 39247 39248 39251 39252 39253 39254 39255 39258 39259 39260 39261 39262 39265 39266 39268 39269 39272 39273 39274 39275 39276 39279 39280 39281 39282 39283 39286 39287 39288 39289 39290 39293 39294 39295 39296 39297 39300 39301 39302 39303 39304 39307 39308 39309 39310 39311 39314 39315 39316 39317 39318 39321 39322 39323 39324 39325 39329 39330 39331 39332 39335 39336 39337 39338 39339 39342 39343 39344 39345 39346 39349 39350 39351 39352 39353 39356 39357 39358 39359 39360 39363 39364 39365 39366 39367 39370 39371 39372 39373 39374 39377 39378 39379 39380 39381 39384 39385 39386 39387 39388 39391 39392 39393 39394 39395 39398 39399 39400 39401 39402 39405 39406 39407 39409 39412 39413 39414 39415 39416 39419 39420 39421 39422 39423 39426 39427 39428 39429 39430 39433 39434 39435 39436 39437 39440 39442 39443 39444 39447 39449 39450 39451 39454 39455 39456 39457 39458 39461 39462 39463 39464 39465 39469 39470 39471 39472 39475 39476 39477 39478 39479 39482 39483 39484 39485 39486 39489 39490 39491 39492 39493 39497 39498 39499 39500 39503 39504 39505 39506 39507 39510 39511 39512 39513 39514 39517 39518 39519 39520 39521 39524 39525 39526 39527 39531 39532 39533 39534 39535 39538 39539 39540 39541 39542 39545 39546 39547 39548 39549 39552 39553 39554 39555 39556 39559 39560 39561 39562 39563 39566 39567 39568 39569 39570 39573 39574 39575 39576 39577 39580 39581 39582 39583 39584 39587 39588 39589 39590 39591 39595 39596 39597 39598 39601 39602 39603 39604 39605 39608 39609 39610 39611 39612 39615 39616 39617 39618 39619 39622 39623 39624 39625 39626 39629 39630 39631 39632 39636 39637 39638 39639 39640 39643 39644 39645 39646 39647 39650 39651 39652 39653 39654 39657 39658 39659 39660 39661 39664 39665 39666 39667 39668 39671 39672 39673 39674 39675 39678 39679 39680 39681 39682 39685 39686 39687 39688 39689 39693 39694 39695 39696 39699 39700 39701 39702 39703 39706 39707 39708 39709 39710 39713 39714 39715 39716 39717 39720 39721 39722 39723 39724 39727 39728 39729 39730 39731 39734 39735 39736 39737 39738 39741 39742 39743 39744 39745 39748 39749 39750 39751 39752 39755 39756 39757 39758 39759 39762 39763 39764 39765 39766 39769 39770 39771 39772 39773 39776 39777 39778 39780 39783 39784 39785 39786 39787 39790 39791 39792 39793 39794 39797 39798 39799 39800 39801 39804 39805 39806 39808 39811 39812 39813 39815 39818 39819 39820 39821 39822 39825 39826 39827 39828 39829 39833 39834 39835 39836 39839 39840 39841 39842 39843 39846 39847 39848 39849 39850 39853 39854 39855 39856 39857 39861 39862 39863 39864 39867 39868 39869 39870 39871 39874 39875 39876 39877 39878 39881 39882 39883 39884 39885 39888 39889 39890 39891 39892 39895 39896 39897 39898 39899 39902 39903 39904 39905 39906 39909 39910 39911 39912 39916 39917 39918 39919 39920 39923 39924 39925 39926 39927 39930 39931 39932 39933 39934 39937 39938 39939 39940 39941 39944 39945 39946 39947 39948 39951 39952 39953 39954 39955 39959 39960 39961 39962 39965 39966 39967 39968 39969 39972 39973 39974 39975 39976 39979 39980 39981 39982 39983 39986 39987 39988 39989 39990 39993 39994 39995 39996 40000 40001 40002 40003 40004 40007 40008 40009 40010 40011 40014 40015 40016 40017 40018 40021 40022 40023 40024 40025 40028 40029 40030 40031 40032 40035 40036 40037 40038 40039 40042 40043 40044 40045 40046 40049 40050 40051 40052 40053 40056 40057 40058 40059 40060 40064 40065 40066 40067 40070 40071 40072 40073 40074 40077 40078 40079 40080 40081 40084 40085 40086 40087 40088 40091 40092 40093 40094 40095 40098 40099 40100 40101 40102 40105 40106 40107 40108 40109 40112 40113 40114 40115 40116 40119 40120 40121 40122 40123 40126 40127 40128 40129 40130 40133 40134 40135 40136 40137 40140 40141 40142 40144 40147 40148 40149 40150 40151 40154 40155 40156 40157 40158 40161 40162 40163 40164 40165 40168 40169 40170 40171 40175 40176 40177 40178 40182 40183 40184 40185 40186 40189 40190 40191 40192 40193 40197 40198 40199 40200 40203 40204 40205 40206 40207 40210 40211 40212 40213 40214 40217 40218 40219 40220 40221 40225 40226 40227 40228 40231 40232 40233 40234 40235 40238 40239 40240 40241 40242 40245 40246 40247 40248 40249 40252 40253 40254 40255 40256 40259 40260 40261 40262 40263 40266 40267 40268 40269 40273 40274 40275 40276 40277 40280 40281 40282 40283 40284 40287 40288 40289 40290 40291 40294 40295 40296 40297 40298 36.85 36.79 36.93 37.39 37.21 37.22 37.42 36.97 37.200000000000003 36.79 36.49 36.9 37.18 37.64 37.729999999999997 37.6 37.68 37.659999999999997 37.44 37.39 37.03 36.369999999999997 36.479999999999997 36.49 36.369999999999997 36.29 36.43 36.47 36.15 36.14 36.200000000000003 36.18 36.229999999999997 36.17 36.33 36.340000000000003 36.36 35.69 35.450000000000003 35.26 35.340000000000003 35.479999999999997 35.19 35.42 35.659999999999997 35.700000000000003 35.270000000000003 35.29 35.880000000000003 36.36 36.49 36.65 36.71 36.79 36.78 36.64 36.82 36.659999999999997 36.83 36.86 36.92 37.07 37.31 36.78 36.619999999999997 36.840000000000003 36.840000000000003 36.590000000000003 36.270000000000003 36.229999999999997 36.299999999999997 36.56 36.630000000000003 36.200000000000003 36.24 36.06 36.020000000000003 35.93 36.299999999999997 36.69 36.31 35.86 35.85 35.659999999999997 35.92 35.64 35.92 35.64 35.72 36.130000000000003 36.65 36.08 36.090000000000003 36 35.94 35.5 35.71 35.9 35.42 35.14 34.200000000000003 34.520000000000003 35.06 35.08 35.75 36.090000000000003 36.6 36.54 36.71 37.03 36.5 36.130000000000003 36.64 36.700000000000003 36.270000000000003 36.42 36.479999999999997 36.96 37 37.049999999999997 37 36.43 36.380000000000003 36.47 36.25 35.92 35.42 35.71 35.5 35.4 35.369999999999997 35.29 35.26 35.270000000000003 35.08 35.090000000000003 35.44 35.33 35.5 35.32 35.28 35.200000000000003 35.08 35.06 35.68 35.840000000000003 35.700000000000003 35.479999999999997 35.36 34.72 35.01 34.79 34.590000000000003 34.76 34.409999999999997 34.36 34.39 34.54 34.659999999999997 34.78 34.659999999999997 34.81 34.42 34.28 34.03 34.26 33.85 33.840000000000003 33.950000000000003 34.04 33.72 33.83 33.81 33.799999999999997 33.76 34.17 34.159999999999997 34.04 34.1 34 33.950000000000003 33.89 33.99 33.6 33.53 33.65 33.64 33.97 34.01 33.99 33.94 34 33.909999999999997 33.9 33.700000000000003 34 34.5 35.24 35.340000000000003 35.26 35.6 36.11 36.42 36.700000000000003 36.78 36.61 37.21 37.53 37.6 37.869999999999997 37.64 37.35 38.229999999999997 38.26 38.01 37.71 38.130000000000003 38.18 38.270000000000003 38.25 37.94 37.74 38.32 38.24 38.18 37.76 37.81 37.869999999999997 37.58 37.520000000000003 37.99 37.619999999999997 37.92 38.14 38.15 38.25 38.159999999999997 37.96 38.020000000000003 37.770000000000003 37.76 37.67 37.950000000000003 37.85 38.44 39.06 39.840000000000003 39.33 40.39 39.86 40.270000000000003 41.51 41.08 42.25 41.88 41.4 42.31 42.13 42.04 41.94 41.56 41.35 41.51 41.41 41.03 40.99 41.45 40.93 42.98 42.61 42.81 42.9 42.19 42.35 42.38 42.7 42.49 41.99 42.03 40.76 40.96 40.75 40.18 40 40.58 41.09 41.1 41.39 40.770000000000003 40.28 39.94 40.049999999999997 40.1 40.17 40.92 41.22 41.42 41.83 41.76 41.46 41.61 42.37 42.56 41.58 41.61 41.97 42.19 42.61 42.36 42.01 41.9 42.01 41.85 41.66 42.58 41.97 41.6 42.2 42.18 41.8 42.08 42.28 41.79 42 41.12 41.23 40.97 41.13 40.69 41.08 41.37 41.42 41.28 41.3 41.35 41.84 41.97 41.98 41.84 41.92 41.95 42.29 42.07 41.74 41.81 41.61 41.5 41.15 41.33 41.21 41.4 41.5 41.7 41.69 42.12 42.4 42.2 42.21 41.93 41.94 41.58 42 42.18 41.77 42.13 42.31 42.06 41.76 41.68 41.6 41.6 41.86 41.77 41.59 41.31 41.2 41.8 41.97 42 42.01 42.16 41.98 42.25 42.04 42.24 42.31 43.2 42.85 42.87 43.29 43.5 43.79 43.95 43.94 43.5 43.87 44.47 44.36 43.66 43.55 43.97 44.45 44.53 45 45.07 44.9 45.16 45.54 45.88 46.27 46.09 46.43 46.53 45.83 45.67 45.61 45.52 45.12 45.11 45.15 45.12 45.01 45.75 45.36 45.23 45.46 45.75 46.05 46.22 46.06 46.52 46.55 46.65 46.74 46.81 46.91 46.84 46.43 46.39 46.61 46.75 47.12 47.08 46.93 46.75 46.74 46.69 46.73 46.66 46.39 46.59 46.92 47.28 47.05 47.69 47.63 47.56 47.21 47.01 45.86 45.83 45.67 45.22 45.28 45.28 44.91 45.33 45.4 45.5 44.28 45.18 45.93 46.06 46.3 46.42 46.87 47.03 47.03 46.89 46.92 47.24 47.02 47.12 47 47.56 47.84 47.48 47.49 47.36 47.03 47.12 47.26 47.46 47.21 46.92 48.13 48.15 47.63 47.28 47.64 47.03 46.8 47.11 46.62 46.61 46.38 46.17 46.7 46.72 46.67 45.76 45.77 45.79 45.91 46.25 46.35 46.48 47.04 46.44 46.38 46.68 46.91 47.18 47.56 47.58 48.1 48.11 47.6 47.18 46.25 46.58 46.5 46.05 46.86 47.07 47.33 47.1 46.75 45.95 46.61 46.68 46.79 46.65 47.19 47.39 47.47 47.75 47.46 47.25 47.3 47.19 46.75 46.64 47.2 47.3 46.59 46.31 46.21 46.5 46.05 46.17 45.27 45.32 44.24 43.6 44 43.76 43.48 43.8 42.99 43.99 43.86 43.81 42.1 42.16 43.15 42.57 43.75 44.63 45.19 44.44 44.48 45.14 45.22 45.43 45.54 44.27 44.83 44.79 45.09 45.46 45.08 45.55 44.86 45.08 45.76 45.97 46.33 46.12 45.87 46.4 46.38 45.64 45.6 45.63 46.01 46.07 46.26 46.2 46.59 46.23 45.98 46.08 46.12 45.8 45.96 45.87 45.75 45.86 45.79 45.72 46.35 46.07 46 46.37 46.1 46.36 46.72 47.01 46.89 46.65 46.78 45.61 45.62 45.43 45.24 44.74 45.36 45.44 45.31 45.84 45.82 45.47 45.64 45 45.64 44.95 45.73 45.22 46.08 47.19 47.54 47.3 46.94 47.05 47.7 48.33 47.67 48.62 47.51 47.32 47.06 46.3 45.91 46.25 46.26 46.19 47.13 47.24 46.94 46.72 46.87 46.68 45.52 45.48 45.18 46.1 46 46.2 46.98 46.4 46.16 45.28 45.11 44.47 43.56 43.01 43.59 43.3 42.93 43.68 43.3 42.86 42.58 43.04 43.05 41.91 41.9 42.09 42.14 42.59 42.92 43.1 42.89 45.12 45.24 45.42 44.82 45.29 45.98 45.6 45.29 44.86 44.11 43.87 43.79 44.09 43.85 43.85 44.37 45.2 45.74 45.71 45.09 44.43 45.34 44.66 45.15 45.32 45.66 45.85 46.1 46.89 46.97 47.64 47.75 47.42 48.1 47.3 46.59 46.81 46.81 46.7 46.81 47.18 47.22 47.15 47.72 47.55 47 47.35 47.07 46.75 46.87 46.98 47.03 47.82 47.46 47.61 47.66 47.04 47.55 47.73 48.58 48.26 48.6 48.5 48.66 48.37 48.27 47.58 47.19 46.55 46.85 47.55 49.25 49.91 49.7 49.75 50.06 50.37 49.7 50.09 50.43 49.82 49.54 50.63 50.39 50.33 49.79 49.82 49.35 49.59 49.57 50.12 48.67 48.22 47.85 47.39 47.15 47.47 47.74 48.36 49.33 49.65 49.09 48.93 49.02 49.07 49.13 49 48.73 49.29 49.71 49.59 49.11 49.35 50.11 51.17 50.38 50.45 51.01 51.16 51.87 50.3 51.29 51.47 51.31 51.7 51.75 52.04 52.06 51.77 51.71 51.99 52.09 51.25 50.83 51.72 51.61 50.32 52.05 51.6 51.5 51.65 52.47 52.23 52.44 52.46 52.61 51.88 52 51.05 49.74 50 50.02 50.51 50.56 51.38 51.18 49.86 49.97 50 50.42 50.73 50.21 49.74 47.14 43.15 41.58 45.63 44.57 41.76 41 42.19 44.05 43.74 41.88 41.6 39.49 39.450000000000003 43.58 42.59 43.65 43.82 44.1 45.78 43.27 41.74 42.3 42.53 41.19 40.340000000000003 42.45 41.02 40.33 41.23 40.43 38.020000000000003 39.57 39.26 38.25 38.200000000000003 38.840000000000003 36.659999999999997 37.409999999999997 37.65 36.76 36.49 36.880000000000003 35.799999999999997 36.61 36.14 36.909999999999997 36.56 38.53 39.28 38.25 37.25 37.57 36.979999999999997 37.340000000000003 37.32 37.14 37.979999999999997 37.6 38.93 38.78 38.270000000000003 37.369999999999997 36.68 36.33 36.1 36.4 35.14 35.17 36.08 35.47 36.29 36.08 35.06 36.1 36.82 36.950000000000003 37.14 36.83 38.07 37.479999999999997 36.93 37 37.01 34.880000000000003 35.020000000000003 35.01 34.46 33 32.630000000000003 32.950000000000003 32.56 31.97 33.770000000000003 33.94 32.61 32.67 32 31.75 31.97 31.24 31.23 30.73 31.95 31.48 32.450000000000003 32.79 33.549999999999997 34.06 33.119999999999997 33.4 33.08 34.58 34.409999999999997 34.61 34.61 33.700000000000003 33.19 33.06 33.729999999999997 34.340000000000003 34.479999999999997 33.97 33.380000000000003 33.69 33.950000000000003 33.83 33.49 34.159999999999997 34.42 34.450000000000003 34.06 34.18 33.549999999999997 33.53 33.380000000000003 33.47 33.61 33.99 34.42 34.72 35.15 35.22 35.1 34.99 35.47 35.659999999999997 36.25 35.68 35.47 35.14 35.6 35.68 35.520000000000003 35.39 35.97 36.270000000000003 36.26 36.159999999999997 36.58 37.11 37.33 36.880000000000003 36.56 36.700000000000003 36.61 36.229999999999997 35.950000000000003 36.03 36.32 35.590000000000003 35.409999999999997 36.07 36.67 36.630000000000003 35.700000000000003 35.4 35.340000000000003 35.770000000000003 35.72 35.75 35.700000000000003 36.78 35.799999999999997 36.44 35.83 35.840000000000003 35.549999999999997 35.68 36.229999999999997 36.29 36.86 37.32 37.340000000000003 37.32 37.29 37.65 38.51 38.56 38.479999999999997 38.56 38.61 38.700000000000003 38.46 38.270000000000003 38.4 38.06 37.79 38.090000000000003 38.22 38.1 38.159999999999997 37.72 37.79 37.56 37.520000000000003 37.950000000000003 38.71 39.03 39.03 39.020000000000003 39 38.71 38.450000000000003 38.5 38.049999999999997 37.79 37.76 37.799999999999997 39.72 39.85 39.92 39.83 39.9 39.72 39.950000000000003 39.92 39.71 39.65 39.590000000000003 39.97 39.659999999999997 39.72 40.04 39.78 39.75 38.97 38.85 39.29 39.54 39.5 39.729999999999997 39.74 40.17 40 40.17 40.57 40.659999999999997 41.08 41.03 41.04 41.09 40.46 40.380000000000003 40.36 40.07 40.729999999999997 40.24 40.32 39.97 40.450000000000003 40.94 41 41.92 41.95 42.13 41.74 41.86 42.24 42.34 42.48 42.01 42.23 43.17 43.23 43.35 42.42 42.45 43.13 43.4 43.16 43.36 43.34 42.92 42.85 42.7 42.91 43.03 43.06 43.08 42.43 42.03 42.26 42.63 42.79 43.01 43.12 43.11 43.23 42.76 42.84 42.62 42.63 42.57 42.41 42.4 42.46 42.97 43.01 42.64 43.1 42.54 42.08 41.94 42.52 42.83 43.53 44.3 43.63 43.93 44.4 44.02 42.86 43.24 43.16 43.67 43.7 43.94 43.74 44.52 45.02 45.72 45.99 45.93 45.63 45.92 45.66 45.9 45.98 46.26 46.18 46.15 46.4 46.2 46.28 46.36 46.38 46.41 46.75 47.32 47.57 47.5 47.36 46.88 46.86 47.21 46.44 45.57 45.64 45.75 45.61 45.85 45.75 45.85 45.84 45.58 45.87 45.99 46.02 46.22 46.05 46.15 46.31 46.5 46.68 46.63 46.45 46.39 45.46 45.76 46.94 46.87 #REF! 38474 38475 38476 38477 38478 38481 38482 38483 38484 38485 38488 38489 38490 38491 38492 38495 38496 38497 38498 38499 38503 38504 38505 38506 38509 38510 38511 38512 38513 38516 38517 38518 38519 38520 38523 38524 38525 38526 38527 38530 38531 38532 38533 38534 38538 38539 38540 38541 38544 38545 38546 38547 38548 38551 38552 38553 38554 38555 38558 38559 38560 38561 38562 38565 38566 38567 38568 38569 38572 38573 38574 38575 38576 38579 38580 38581 38582 38583 38586 38587 38588 38589 38590 38593 38594 38595 38596 38597 38601 38602 38603 38604 38607 38608 38609 38610 38611 38614 38615 38616 38617 38618 38621 38622 38623 38624 38625 38628 38629 38630 38631 38632 38635 38636 38637 38638 38639 38642 38643 38644 38645 38646 38649 38650 38651 38652 38653 38656 38657 38658 38659 38660 38663 38664 38665 38666 38667 38670 38671 38672 38673 38674 38677 38678 38679 38681 38684 38685 38686 38687 38688 38691 38692 38693 38694 38695 38698 38699 38700 38701 38702 38705 38706 38707 38708 38709 38713 38714 38715 38716 38720 38721 38722 38723 38726 38727 38728 38729 38730 38734 38735 38736 38737 38740 38741 38742 38743 38744 38747 38748 38749 38750 38751 38754 38755 38756 38757 38758 38761 38762 38763 38764 38765 38769 38770 38771 38772 38775 38776 38777 38778 38779 38782 38783 38784 38785 38786 38789 38790 38791 38792 38793 38796 38797 38798 38799 38800 38803 38804 38805 38806 38807 38810 38811 38812 38813 38814 38817 38818 38819 38820 38824 38825 38826 38827 38828 38831 38832 38833 38834 38835 38838 38839 38840 38841 38842 38845 38846 38847 38848 38849 38852 38853 38854 38855 38856 38859 38860 38861 38862 38863 38867 38868 38869 38870 38873 38874 38875 38876 38877 38880 38881 38882 38883 38884 38887 38888 38889 38890 38891 38894 38895 38896 38897 38898 38901 38903 38904 38905 38908 38909 38910 38911 38912 38915 38916 38917 38918 38919 38922 38923 38924 38925 38926 38929 38930 38931 38932 38933 38936 38937 38938 38939 38940 38943 38944 38945 38946 38947 38950 38951 38952 38953 38954 38957 38958 38959 38960 38961 38965 38966 38967 38968 38971 38972 38973 38974 38975 38978 38979 38980 38981 38982 38985 38986 38987 38988 38989 38992 38993 38994 38995 38996 38999 39000 39001 39002 39003 39006 39007 39008 39009 39010 39013 39014 39015 39016 39017 39020 39021 39022 39023 39024 39027 39028 39029 39030 39031 39034 39035 39036 39037 39038 39041 39042 39043 39045 39048 39049 39050 39051 39052 39055 39056 39057 39058 39059 39062 39063 39064 39065 39066 39069 39070 39071 39072 39073 39077 39078 39079 39080 39085 39086 39087 39090 39091 39092 39093 39094 39098 39099 39100 39101 39104 39105 39106 39107 39108 39111 39112 39113 39114 39115 39118 39119 39120 39121 39122 39125 39126 39127 39128 39129 39133 39134 39135 39136 39139 39140 39141 39142 39143 39146 39147 39148 39149 39150 39153 39154 39155 39156 39157 39160 39161 39162 39163 39164 39167 39168 39169 39170 39171 39174 39175 39176 39177 39181 39182 39183 39184 39185 39188 39189 39190 39191 39192 39195 39196 39197 39198 39199 39202 39203 39204 39205 39206 39209 39210 39211 39212 39213 39216 39217 39218 39219 39220 39223 39224 39225 39226 39227 39231 39232 39233 39234 39237 39238 39239 39240 39241 39244 39245 39246 39247 39248 39251 39252 39253 39254 39255 39258 39259 39260 39261 39262 39265 39266 39268 39269 39272 39273 39274 39275 39276 39279 39280 39281 39282 39283 39286 39287 39288 39289 39290 39293 39294 39295 39296 39297 39300 39301 39302 39303 39304 39307 39308 39309 39310 39311 39314 39315 39316 39317 39318 39321 39322 39323 39324 39325 39329 39330 39331 39332 39335 39336 39337 39338 39339 39342 39343 39344 39345 39346 39349 39350 39351 39352 39353 39356 39357 39358 39359 39360 39363 39364 39365 39366 39367 39370 39371 39372 39373 39374 39377 39378 39379 39380 39381 39384 39385 39386 39387 39388 39391 39392 39393 39394 39395 39398 39399 39400 39401 39402 39405 39406 39407 39409 39412 39413 39414 39415 39416 39419 39420 39421 39422 39423 39426 39427 39428 39429 39430 39433 39434 39435 39436 39437 39440 39442 39443 39444 39447 39449 39450 39451 39454 39455 39456 39457 39458 39461 39462 39463 39464 39465 39469 39470 39471 39472 39475 39476 39477 39478 39479 39482 39483 39484 39485 39486 39489 39490 39491 39492 39493 39497 39498 39499 39500 39503 39504 39505 39506 39507 39510 39511 39512 39513 39514 39517 39518 39519 39520 39521 39524 39525 39526 39527 39531 39532 39533 39534 39535 39538 39539 39540 39541 39542 39545 39546 39547 39548 39549 39552 39553 39554 39555 39556 39559 39560 39561 39562 39563 39566 39567 39568 39569 39570 39573 39574 39575 39576 39577 39580 39581 39582 39583 39584 39587 39588 39589 39590 39591 39595 39596 39597 39598 39601 39602 39603 39604 39605 39608 39609 39610 39611 39612 39615 39616 39617 39618 39619 39622 39623 39624 39625 39626 39629 39630 39631 39632 39636 39637 39638 39639 39640 39643 39644 39645 39646 39647 39650 39651 39652 39653 39654 39657 39658 39659 39660 39661 39664 39665 39666 39667 39668 39671 39672 39673 39674 39675 39678 39679 39680 39681 39682 39685 39686 39687 39688 39689 39693 39694 39695 39696 39699 39700 39701 39702 39703 39706 39707 39708 39709 39710 39713 39714 39715 39716 39717 39720 39721 39722 39723 39724 39727 39728 39729 39730 39731 39734 39735 39736 39737 39738 39741 39742 39743 39744 39745 39748 39749 39750 39751 39752 39755 39756 39757 39758 39759 39762 39763 39764 39765 39766 39769 39770 39771 39772 39773 39776 39777 39778 39780 39783 39784 39785 39786 39787 39790 39791 39792 39793 39794 39797 39798 39799 39800 39801 39804 39805 39806 39808 39811 39812 39813 39815 39818 39819 39820 39821 39822 39825 39826 39827 39828 39829 39833 39834 39835 39836 39839 39840 39841 39842 39843 39846 39847 39848 39849 39850 39853 39854 39855 39856 39857 39861 39862 39863 39864 39867 39868 39869 39870 39871 39874 39875 39876 39877 39878 39881 39882 39883 39884 39885 39888 39889 39890 39891 39892 39895 39896 39897 39898 39899 39902 39903 39904 39905 39906 39909 39910 39911 39912 39916 39917 39918 39919 39920 39923 39924 39925 39926 39927 39930 39931 39932 39933 39934 39937 39938 39939 39940 39941 39944 39945 39946 39947 39948 39951 39952 39953 39954 39955 39959 39960 39961 39962 39965 39966 39967 39968 39969 39972 39973 39974 39975 39976 39979 39980 39981 39982 39983 39986 39987 39988 39989 39990 39993 39994 39995 39996 40000 40001 40002 40003 40004 40007 40008 40009 40010 40011 40014 40015 40016 40017 40018 40021 40022 40023 40024 40025 40028 40029 40030 40031 40032 40035 40036 40037 40038 40039 40042 40043 40044 40045 40046 40049 40050 40051 40052 40053 40056 40057 40058 40059 40060 40064 40065 40066 40067 40070 40071 40072 40073 40074 40077 40078 40079 40080 40081 40084 40085 40086 40087 40088 40091 40092 40093 40094 40095 40098 40099 40100 40101 40102 40105 40106 40107 40108 40109 40112 40113 40114 40115 40116 40119 40120 40121 40122 40123 40126 40127 40128 40129 40130 40133 40134 40135 40136 40137 40140 40141 40142 40144 40147 40148 40149 40150 40151 40154 40155 40156 40157 40158 40161 40162 40163 40164 40165 40168 40169 40170 40171 40175 40176 40177 40178 40182 40183 40184 40185 40186 40189 40190 40191 40192 40193 40197 40198 40199 40200 40203 40204 40205 40206 40207 40210 40211 40212 40213 40214 40217 40218 40219 40220 40221 40225 40226 40227 40228 40231 40232 40233 40234 40235 40238 40239 40240 40241 40242 40245 40246 40247 40248 40249 40252 40253 40254 40255 40256 40259 40260 40261 40262 40263 40266 40267 40268 40269 40273 40274 40275 40276 40277 40280 40281 40282 40283 40284 40287 40288 40289 40290 40291 40294 40295 40296 40297 40298 36.85 37.019143363443838 36.987608160089906 37.448850326317164 37.352652029217275 37.31187924104249 37.550463759346499 37.148469550935737 37.304234343259715 36.929952889311487 36.760809525867657 37.131587068332117 37.389920905908291 37.764520897264127 37.940353546267886 37.883016812897097 38.028906945585 38.035596231144922 37.906270043653024 38.148677010848424 38.185627350131824 37.953732117387737 38.295204218351557 38.361141461727975 38.097711025629948 38.145173099364662 38.137209664174271 38.054708475601856 38.254112892769164 38.164285343821582 38.250608981285389 38.349037040238585 38.434086528071916 38.573605912607519 38.764728357176821 38.737334140121888 38.658018325625619 38.666618835631247 38.247742144616851 37.955961879241045 37.927930587370881 38.274499286856553 38.219710852746687 37.948316981458269 38.047382115226696 38.383439080261063 38.063308985607478 38.156640446038814 38.602274279292907 38.843725634265468 38.931960496174966 38.966362536197437 39.06861304404201 39.113845355923424 38.897558456152495 39.159396205212431 39.345740588667503 39.085814064053253 39.297322902709951 39.14920300816874 39.217051475990843 39.396388036478371 39.617134459955921 39.313249773090725 39.350518649781741 39.629875956260534 39.659181397761166 39.366764057570123 39.066064744781094 38.961265937675599 39.22405929895838 39.152388382244901 39.428878852055156 39.192524095604448 39.303375113454642 38.840540260189314 38.869208626874709 38.830347063145616 38.852326144271082 38.916670700609416 38.784796213856595 38.529966287764189 38.618519687081296 38.386942991744831 38.615652850412765 38.492378873665565 38.872075463543247 38.912211176902794 38.798493322384068 39.288085317889099 39.382690927950904 39.233296883779239 39.545782080650049 39.516476639149417 39.218325625621304 39.089636512944637 39.107793145178718 39.432064226131317 39.212591952284228 38.90424774171241 38.549397069628739 38.69019060379479 38.711532610105031 38.72236288196396 38.723318494186813 38.762498595323521 39.106200458140648 39.142195185201196 39.074983792194331 38.68541254268056 38.10949690971173 37.953413579980122 38.093888576738564 37.82090201841207 37.742541816138647 37.513513420063113 37.486756277823396 37.79669317543329 37.909136880321562 37.528166140813425 38.089429053031942 37.51733586895449 37.574354064917671 38.204739594588766 38.114274970825946 37.94990966849636 37.552374983792205 38.173841466050057 38.447783636599389 38.3124052383628 38.694650127501411 38.859652504646242 38.866023252798556 38.951072740631894 38.816649954618143 38.882268660586945 39.210680727838529 39.33045079310196 39.299871201970873 39.14856593335351 39.21864416302892 39.587829018455288 39.762068980420977 39.971666594631976 40.174893460690669 40.314412845226265 40.398506720836757 40.054804858019629 40.05544193283486 39.800612006742455 40.284470328910409 40.297530362622645 40.202287677745609 40.253572200371707 40.051938021351084 40.003201797985916 40.115645502874187 40.149410468081442 40.372386653412292 40.541530016856122 40.484193283485332 40.368882741928516 40.133165060293045 40.123608938064571 40.22458529627869 40.394365734537757 40.411566754549 40.025499416519004 40.077421013960333 39.957969486104517 39.762706055236208 40.416026278255607 40.564464710204447 40.565101785019671 40.946391061935437 41.096103643514731 41.081450922764411 41.224474218783769 40.965821843799972 41.015195141980378 40.869305009292482 40.706850931408567 40.933331028223201 40.183175433288675 40.257394649263084 40.354230021178203 40.284788866318024 40.576250594286208 40.891284090417948 40.938109089337431 40.775336474045901 40.851148377058401 40.481007909409172 40.264083934823013 40.295619138176946 39.969436832778669 40.315686994856733 40.25612049963263 40.35837100747721 40.226815058131997 40.630401953580851 40.772788174784985 41.071576263128328 41.00340925789861 40.869305009292482 41.176375070233831 41.020928815317461 41.073168950166405 41.222562994338077 40.793811643687611 41.130824220944817 41.06393136534556 41.003090720490995 40.717362665859881 40.641550762847395 40.72405195141981 40.525284609067732 40.818020486666384 40.904344124130191 41.329591563296894 41.506061287115877 41.579643428275055 41.640802610537243 41.571679993084679 41.321628128106504 41.570405843454211 41.463058737087785 41.503831525262576 41.461147512642093 41.194213165060297 41.501920300816877 41.417826425206385 41.246453299909234 41.3401032977482 41.598755672731997 41.778092233219517 41.697820806500417 41.266521156589022 41.302197346241954 40.982067251588369 41.031440549768767 41.063294290530322 40.942568613044045 41.641758222760089 41.726170635778196 41.774906859143371 41.769173185806288 41.668196827592169 41.465288498941099 41.582191727535992 41.719481350218274 41.747831179496046 41.575183904568448 41.830650905476077 41.65991485499417 41.80007131434499 42.230415352033546 42.195376237195845 42.210666032761381 42.137720966417426 41.598437135324382 41.130824220944817 41.234667415827474 41.157581363184512 40.464443964213167 40.193368630332373 40.359645157107664 40.201650602930378 40.026773566149458 40.090162510264946 40.545989540562744 40.77788477330683 40.130616761032115 40.457117603838014 40.954673034533435 41.034625923844928 40.304219648182567 40.258350261485937 40.013076457621999 40.069776116177557 39.89043955569003 39.383965077581365 38.979104032502065 39.181375286337911 40.013394995029614 39.866230712711243 39.503098068029573 39.502460993214335 39.887254181613869 39.677019492587632 39.641980377749931 39.835014046764925 39.47315555171371 39.689760988892253 40.545671003155121 40.46062151532179 40.778840385529676 40.483237671262486 40.584214029476598 40.310271858927265 40.369519816743747 40.534522193888584 40.091118122487792 39.571583610666906 39.377594329429058 39.323124432726807 39.398617798331678 40.129661148809269 39.789463197475911 39.507876129143796 40.164700263646978 40.418574577516544 40.403284781950994 40.237645329990933 40.726600250680733 40.666396680641405 40.483556208670102 40.726600250680733 40.781388684790599 40.752401780697589 40.638046851363626 40.501394303496568 40.325243117085193 40.511906037947874 40.350407572286819 40.397232571206303 40.950532048234436 41.264291394735707 41.329591563296894 41.483126593767565 41.330865712927348 41.372275575917364 41.186568267277522 41.284359251415488 41.253461122876779 41.466562648571553 41.546197000475438 41.545878463067822 41.531544279725118 41.760572675800667 41.831925055106545 41.418144962614001 41.219377620261923 41.375460949993524 41.395210269265682 41.827465531399923 41.985460085577216 41.928441889614042 42.042796818948005 42.084525219345643 41.993104983359991 42.211940182391849 41.984185935946755 41.880661278471713 42.249846133898082 42.567427929290751 42.575391364481142 42.656936940830711 42.551819596317586 42.407522150667766 42.496394087392488 43.009557851061075 43.105119073345726 42.989171456973679 43.023573496996157 43.11148982149804 43.000957341055454 43.411233522064229 43.500105458788958 43.609363789601076 43.450095085793322 43.510935730647887 43.542789471409442 43.595029606258379 43.863238103470636 43.874705450144795 44.028877555430704 44.247394217054939 43.873431300514333 43.892225007563646 43.892543544971268 43.569865151056753 43.554893892898818 43.458058520983712 43.951154427972519 44.048626874702862 44.140365648096129 43.904966503868266 43.986830617625451 44.098955785106114 44.37926870380776 44.485978735358955 44.587592168388298 44.633461555084935 44.611163936551847 44.684746077711033 44.789226347408913 44.625498119894544 44.018684358387006 44.172219388857677 44.578673120975068 44.615304922850854 44.49043825906557 44.885743181916411 45.065398279811561 45.006150321995079 44.827450836322775 44.908677875264736 45.010609845701694 44.963466309374596 45.016024981631155 45.407188918183003 45.458154903401486 45.311309158490737 45.409100142628688 45.344755586290368 45.178160522107454 44.937983316765354 45.133565285041286 45.450191468211095 45.382980075204223 45.178160522107454 45.124009162812811 45.179434671737909 44.904536888965737 45.004239097549387 44.980985866793446 45.068265116480106 45.353993171111213 45.574102519773533 45.611371396464541 45.570598608289757 45.43522021005316 45.566776159398373 45.326280416648665 45.48682327008688 45.873527682932107 45.356541470372136 45.301753036262276 45.252061200674248 45.51326187491896 45.813324112892772 46.058597916756717 46.136639581622518 46.092044344556342 46.124216622725513 46.188561179063846 46.134091282361588 45.807590439555696 45.658196395384017 46.005083632277305 46.35674893028483 46.404848078834775 46.364393828067598 46.496268314820426 46.430968146259247 46.391150970307308 46.225830055754855 46.167856247568835 44.564657475039986 44.812479578164847 44.696213424385185 44.186553572200381 43.770862255262131 44.449028396075555 44.339451527855822 44.655440636210407 44.686020227341487 44.80547175519731 43.892862082378883 44.186553572200381 44.349326187491897 44.179545749232837 44.660855772139861 44.943716990102445 45.711392142455807 45.69546527207504 45.74547564507067 45.789752344729223 45.506572589359038 45.144077019492592 45.312901845528813 45.259706098457023 45.37724640186714 45.798352854734844 45.84931883995332 45.989156761896538 46.016232441543849 46.136639581622518 45.833391969572553 46.117845874573199 46.278707265419023 46.776262696114458 46.872142455806724 46.904633271383503 46.84825215023556 47.282100099407877 47.173160306003382 47.156596360807377 47.634721009638248 47.597452132947232 47.591718459610149 47.219029692700005 47.344214893892904 47.650647880019022 47.85674158274626 47.959629165406056 48.082584604745655 48.02652202100532 48.18133120110646 47.508898733630119 47.966955525781216 47.880950425725032 47.818517093832398 48.231023036694481 48.18674633703592 48.505283744651429 48.580140035441069 48.548923369494752 48.490312486493501 48.019832735445391 48.281670484505341 48.357482387517827 48.74354972554783 48.755972684444835 48.938176081600901 49.028640705363713 48.766484418896148 48.334229156761907 47.485008428058961 48.02492933396725 48.071117258071489 47.557634956995301 48.279759260059656 48.512291567618966 48.82891775078879 48.769669792972302 48.854082205990409 48.189613173704458 48.487445649824963 47.86215671867572 47.708621688205042 47.554131045511532 47.982563858754382 47.962496002074602 47.887321173877346 48.39952932532308 48.572813675065909 48.589696157669543 48.750239011107752 48.795152785581543 48.102970998833044 48.378187319012838 49.300034576652124 49.452932532307564 49.358008384838143 49.353230323723906 49.251298353286948 49.471407701949261 48.866823702295022 49.104771145783808 48.132276440333669 48.356845312702596 47.228267277520857 46.473015084064492 46.949547045857294 46.355793318061977 46.691531745688728 46.895077149155036 45.648321735747942 46.750779703505216 47.038737519989631 47.700658253014659 46.286352163201798 46.303871720620656 46.280937027272344 45.440635345982635 44.80865712927347 44.954228724553751 46.058597916756717 46.046174957859712 46.096185330855342 46.636106236763624 46.586095863768001 47.123468470415354 46.722748411635045 45.626024117214847 46.626231577127548 46.431286683666862 46.952095345118209 47.443598565068946 46.897943985823581 47.097348402990882 46.301004883952118 46.242075463543252 46.872460993214339 46.87469075506764 47.269358603103264 47.278914725331724 47.036826295543939 48.410678134589624 48.705325236633968 48.377868781605223 48.60084496693608 48.345377966028444 48.328814020832439 48.590333232484767 48.780181527423615 48.632698707697628 49.279011107749497 49.265951074037268 49.041700739075942 49.145225396550984 49.615068072783849 49.45548083156848 49.85588235294118 49.770514327700234 49.513773177162129 49.749172321389992 49.332206854821287 49.007935773868702 49.094259411332501 49.057309072049101 47.800678999005932 47.982245321346767 48.404625923844925 48.286448545619578 48.23930500929248 48.904411116393661 49.085977438734503 48.768714180749456 49.353548861131529 48.049456714353639 48.087999740675116 47.849733759778715 48.42628646756279 47.004016942559538 46.97694126291222 46.305782945066355 45.843266629208635 47.176982754894759 46.843474089121322 46.224555906124394 46.466325798504563 45.655011021307864 45.85983057440464 45.129424298742279 45.891684315166188 44.825221074469468 45.494468167869648 46.793782253533308 46.816079872066396 47.179849591563304 46.90208497212258 46.595333448588846 47.303123568310504 48.01441759951593 47.929049574274984 48.288996844880501 47.068680036305487 47.353452478713749 47.411426286899783 46.759698750918453 46.057323767126256 46.346555733241132 46.283485326533267 46.510283960755501 47.285604010891653 47.667530362622649 47.706073388944127 47.027907248130703 47.095437178545197 46.772758784630682 46.09745948048581 46.09745948048581 44.96569607122791 45.110630591692967 44.282751869300263 44.886061719324033 45.242823615853396 44.627727881747859 45.112860353546274 43.988423304663534 43.74155681376152 42.468999870337555 42.212258719799465 41.744327268012277 42.639417383411846 43.068487271469941 42.384905994727063 43.129009378916891 43.394351039460609 43.187620261918141 43.911974326835811 44.44934693348317 43.984282318364528 42.576984051519219 42.252394433159019 42.58558456152484 42.40656653844492 42.656299866015488 42.966236763625361 43.550752906599818 42.966236763625361 43.002231490685915 42.963688464364445 43.322043047931885 42.764602584604745 43.10161516186195 43.696961576695337 43.999253576522456 43.958799325755287 43.565724164757754 42.385543069542301 42.408159225482997 42.261950555387479 42.483334053680252 41.548108224921123 41.198672688766912 40.561597873535895 42.067642736742023 41.689220296494796 41.902958897004801 41.032077624584012 40.664485456195706 42.38904698102607 41.359534079612743 42.349866879889362 42.998727579202153 43.097792712970573 42.720007347538584 42.230415352033546 41.894676924406795 42.132942905303196 43.645358516661631 43.560946103643523 43.617645762199082 43.652366339629175 43.720533344858893 43.497557159528029 43.145573324112902 43.33860699312789 42.455621299217704 42.311960928383115 42.506587284436193 43.471118554695948 43.498194234343259 44.287211393006878 44.218407312961929 43.828836063448165 43.955932489086749 44.239112244456933 44.526432986126117 44.479607987206641 44.306642174871421 44.136224661797122 44.892751004883955 45.038004062756634 44.833821584475089 45.176886372476993 44.358563772312749 44.521336387604279 44.221911224445698 44.709273458097421 44.692072438086193 44.871090461166105 45.346029735920823 45.402729394476381 45.443502182651173 45.02207719237586 44.299315814496268 44.415263430868308 43.82851752604055 44.128579764014354 44.30345680079526 44.539811557245976 44.607341487660463 44.138772961058059 43.883305960150416 43.868971776807719 44.724244716255356 43.342747979426896 43.377150019449367 43.271395600121025 42.540352249643433 42.679871634179023 43.322043047931885 43.325546959415661 43.032174007001785 42.614252928210234 42.774158706833212 41.981000561870601 41.983230323723909 41.865052945498554 42.109689674547269 40.873127458183866 40.721185114751272 40.772788174784985 40.929190041924201 40.184131045511521 40.228089207762466 39.890758093097645 40.572109607987208 39.648032588494623 39.925160133120123 39.482393136534562 39.125949777412806 38.699428188615641 39.669374594804857 40.145906556597666 40.157373903271818 40.135713359553961 40.677226952500334 40.84254786705278 39.898084453472791 40.064360980248097 39.319301983835416 40.237645329990933 40.90848511042919 40.370793966374215 40.14558801919005 39.78564074858452 40.928234429701355 41.06552405238363 40.329065565976578 41.292641224013487 41.57932489086744 41.07826554868825 40.958495483424819 41.184657042831837 41.352526256645206 40.728192937718802 40.348814885248743 40.598866750226911 40.700161645848645 41.161403812075903 40.353592946362973 40.502349915719414 40.825665384449159 41.431523533733852 40.862934261140161 40.695702122142031 40.612882396162 39.397662186108839 39.572220685482129 40.383854000086444 39.005224099926529 39.245082767861007 39.786914898214988 39.871327311233095 37.991956606301599 38.657381250810388 36.835347279249696 38.431856766218615 39.978992955007136 38.450331935860312 37.84925184768985 37.774395556900203 38.51690625405196 38.638906081168699 35.242660241172153 37.152929074642351 36.98410424860613 35.49398625578079 35.01458745731945 33.665900073475392 31.733652158879721 31.374023425681813 28.984355793750272 28.643520767601682 31.960450793101959 31.79035181743528 28.918100012966249 30.147335868954489 29.960035873276574 31.388676146432125 30.421915114319056 28.565797640143497 28.926700522971867 27.928404287504865 27.041277607295676 29.958761723646109 29.626845744910753 30.391335523187969 30.858311362752303 30.780269697886503 32.036899770929679 30.349288585382723 28.823812940312056 29.655514111596148 29.28027704542508 28.634920257596065 27.148943251069717 29.027995418593594 27.817553269654667 27.099569952889315 27.366185763063491 25.692590223451617 23.968028698621261 25.483948221463461 27.133334918096558 27.311078791546013 28.27592859921338 28.548596620132262 25.999341746985351 27.037773695811907 27.736326230712717 26.923418766477941 27.90610666897178 28.977347970782734 28.30746380256732 28.644157842416913 27.827109391883134 28.022691360159055 27.667203613260153 29.088198988632925 28.809160219561743 28.199479621385663 28.282299347365694 27.764676059990496 27.494874875740159 27.653825042140298 27.801944936681508 27.694279292907463 28.370215671867573 28.771891342870731 29.681315641613004 29.542751869300261 29.773691489821505 28.880194061460003 28.97830358300558 28.360978087046725 27.72103643514717 27.769772658512341 26.840599040497906 26.876275230150846 27.079502096209538 25.64926913601591 26.764787137485417 26.358970480183256 26.50071962657216 26.647883908890524 26.939027099451099 27.843036262263908 26.920870467217018 26.293351774214464 26.709680165967935 26.509638673985393 26.943486623157717 27.668159225482995 27.709250551065395 26.348140208324331 26.557737822535334 26.603925746639586 26.337947011280637 25.138016596793015 25.114126291221854 24.812152828802358 24.528973073432169 23.677841120283531 24.627401132385359 24.364926308510181 23.980451657518266 23.415366296408354 22.323738600510008 22.180715304490647 22.707576176686697 21.741770756796473 21.768209361628564 21.55001123741194 22.921951852011933 22.978014435752261 23.913877339326621 24.098947573151232 24.014216622725506 24.786032761377886 25.303018973937853 24.974606906686262 24.480873924882225 26.213080347495357 25.677937502701305 25.925122531010938 26.52970653066517 25.990741236979733 25.085776461944075 25.415144141418512 25.835932056878594 26.578124216622729 26.836776591606522 26.613163331460434 25.978318278082725 26.284432726801231 27.284640186713922 27.35376280416649 26.804922850844971 27.141298353286942 27.563041880969877 27.700012966244547 26.514735272507245 27.078227946579077 26.870223019406147 27.136838829580327 27.592665859878121 27.314901240437397 27.240044949647753 27.828702078921214 27.802263474089123 27.952294593076029 28.898987768509318 28.789410900289582 29.290470242468775 28.903765829623548 29.59945152785582 28.962695250032418 28.934345420754639 28.156158533949952 28.447620261918146 28.123030643557943 28.97766650819035 28.927337597787098 28.778899165838272 28.296633530708394 28.254268055495533 28.997415827462508 28.447301724510528 28.885927734797082 29.27804728357177 30.033936551843372 30.093503047067472 29.680041491982543 30.020876518131136 29.945383152526261 29.915122098802787 30.019920905908286 29.915440636210402 30.098281108181705 30.140328045986951 29.423937416259676 29.049655962311455 29.009520248951901 29.253519903185378 29.344621601763414 28.446664649695293 28.512283355664092 28.698309201711549 29.313723473224709 29.270402385789001 29.53574404633272 29.283780956908853 29.411514457362671 28.554330293469334 28.627593897220905 28.06410122314907 28.01727622422959 28.116659895405629 28.003579115702124 28.701813113195314 28.854392531443146 29.709346933483168 29.966088084021269 29.95462073734711 30.297048450533783 30.406943856161135 30.390698448372742 31.0984885680944 31.193094178156201 31.28610710117993 31.204561524830364 31.06217530362623 31.431678696460221 31.454931927216155 31.937516099753644 32.033714396853526 31.940382936422186 31.760727838527039 32.187567964731819 32.079902320957778 31.673767126248006 32.038810995375371 32.259238881445306 31.984022561265508 31.208065436314133 31.524691619483946 31.740978519254877 32.088502830963392 32.686079007650093 32.668240912823613 32.74564550287419 32.749467951765574 32.84056965034361 32.775269481782431 32.510564896053943 31.791307429658126 31.686508622552626 31.95694688161819 32.376142110040199 32.662507239486544 32.916700090763712 33.259764878765623 33.214851104291832 33.425404330725677 33.530203137831187 34.044003976314997 33.939842244024724 34.029351255564684 33.913403639192644 34.136379824523495 33.79267796170636 33.471273717422314 33.267409776548391 33.859889354713232 33.784395989108354 33.671952284220083 32.804574923283049 32.656773566149461 33.142543112763114 33.596777456022828 33.687879154600857 33.939523706617109 34.130964688594027 34.280677270173321 34.18511604788867 34.784921986428671 34.929537969486105 34.646676751523536 34.972540519514205 34.754342395297577 34.446635259541004 34.81327181570645 34.389298526170208 33.986348705536592 33.873586463240699 33.211665730215678 33.959591563296883 33.006527639711287 33.219629165406069 33.300219129532792 33.334939706962878 33.976155508492901 34.061204996326232 34.818686951635911 34.816457189782604 34.991652763971132 34.632661105588454 34.831428447940532 35.335354626788266 35.367845442365045 35.35128149716904 34.876660759821938 34.764535592341282 35.237882180057923 35.219088473008611 35.377720102001128 34.768039503825044 34.899913990577872 35.321338980853177 35.333443402342574 35.036566538444923 35.229600207459917 35.142639495180887 34.782373687167748 34.910107187621563 35.113971128495486 35.243297315987384 35.488571119851322 35.291715001944944 35.331532177896882 34.914248173920562 35.117793577386877 35.48665989540563 35.613119246228983 35.694983359986168 35.882601893071708 35.924011756061724 35.873682845658472 35.880690668626016 35.520106323205255 36.089969745429407 36.202413450317678 36.222162769589843 36.367097290054893 36.471896097160396 36.535603578683499 36.192857328089211 36.494193715693484 36.582747115010598 36.18680511734452 36.639128236158541 36.250831136275231 35.5640644854562 34.776640013830665 34.93654579245365 34.789700047542901 34.959480485801969 34.546337468124655 34.20677659160652 34.694775900073481 35.144869257034195 34.952472662834424 33.864030341012231 33.962139862557812 33.661122012361155 34.100066560055325 34.023936119635223 34.353303799109653 34.259016726455464 34.875705147599085 35.02350650473268 35.254127587846313 35.331213640489267 35.294263301205866 34.867104637593464 35.206028439296368 35.132764835544805 35.182138133725211 35.539537105069805 35.622356831049835 35.637646626615386 35.770795262998668 36.271854605177857 36.265483857025551 36.32759865151057 36.49196395384017 36.639446773566156 36.631483338375766 36.648047283571771 36.933138263387647 37.148151013528121 37.136046592038724 36.947153909322743 37.135409517223501 37.401706789990065 37.196250162078059 37.132861217962571 37.160255435017511 37.371445736266594 37.373038423304664 37.250720058780317 37.526891991182957 37.824405929895846 37.888113411418942 37.665455763495707 37.792552189134291 38.045152353373389 38.112363746380261 38.138483813804733 38.563731252971444 38.596222068548222 37.973799974067518 38.145491636772277 38.452880235121242 38.413700133984534 38.500660846263564 38.774921554220512 38.608326490037605 37.705591476855261 37.949272593681115 38.44045727622423 37.800515624324682 #REF!

Data for Figure 1

Figure 1 Data
H. J. HEINZ: ESTIMATING THE COST OF CAPITAL IN UNCERTAIN TIMES
U.S. Federal Reserve Data for Figure 1
Heinz Closing Price S&P Index
Date Price Index Normalized Index
5/2/05 36.85 1,156.85 36.85
5/3/05 36.79 1,162.16 37.0191433634
5/4/05 36.93 1,161.17 36.9876081601
5/5/05 37.39 1,175.65 37.4488503263
5/6/05 37.21 1,172.63 37.3526520292
5/9/05 37.22 1,171.35 37.311879241
5/10/05 37.42 1,178.84 37.5504637593
5/11/05 36.97 1,166.22 37.1484695509
5/12/05 37.2 1,171.11 37.3042343433
5/13/05 36.79 1,159.36 36.9299528893
5/16/05 36.49 1,154.05 36.7608095259
5/17/05 36.9 1165.69 37.1315870683
5/18/05 37.18 1173.8 37.3899209059
5/19/05 37.64 1185.56 37.7645208973
5/20/05 37.73 1191.08 37.9403535463
5/23/05 37.6 1189.28 37.8830168129
5/24/05 37.68 1193.86 38.0289069456
5/25/05 37.66 1194.07 38.0355962311
5/26/05 37.44 1190.01 37.9062700437
5/27/05 37.39 1197.62 38.1486770108
5/31/05 37.03 1198.78 38.1856273501
6/1/05 36.37 1191.5 37.9537321174
6/2/05 36.48 1202.22 38.2952042184
6/3/05 36.49 1204.29 38.3611414617
6/6/05 36.37 1196.02 38.0977110256
6/7/05 36.29 1197.51 38.1451730994
6/8/05 36.43 1197.26 38.1372096642
6/9/05 36.47 1194.67 38.0547084756
6/10/05 36.15 1200.93 38.2541128928
6/13/05 36.14 1198.11 38.1642853438
6/14/05 36.2 1200.82 38.2506089813
6/15/05 36.18 1203.91 38.3490370402
6/16/05 36.23 1206.58 38.4340865281
6/17/05 36.17 1210.96 38.5736059126
6/20/05 36.33 1216.96 38.7647283572
6/21/05 36.34 1216.1 38.7373341401
6/22/05 36.36 1213.61 38.6580183256
6/23/05 35.69 1213.88 38.6666188356
6/24/05 35.45 1200.73 38.2477421446
6/27/05 35.26 1191.57 37.9559618792
6/28/05 35.34 1190.69 37.9279305874
6/29/05 35.48 1201.57 38.2744992869
6/30/05 35.19 1199.85 38.2197108527
7/1/05 35.42 1191.33 37.9483169815
7/5/05 35.66 1194.44 38.0473821152
7/6/05 35.7 1204.99 38.3834390803
7/7/05 35.27 1194.94 38.0633089856
7/8/05 35.29 1197.87 38.156640446
7/11/05 35.88 1211.86 38.6022742793
7/12/05 36.36 1219.44 38.8437256343
7/13/05 36.49 1222.21 38.9319604962
7/14/05 36.65 1223.29 38.9663625362
7/15/05 36.71 1226.5 39.068613044
7/18/05 36.79 1227.92 39.1138453559
7/19/05 36.78 1221.13 38.8975584562
7/20/05 36.64 1229.35 39.1593962052
7/21/05 36.82 1235.2 39.3457405887
7/22/05 36.66 1227.04 39.0858140641
7/25/05 36.83 1233.68 39.2973229027
7/26/05 36.86 1229.03 39.1492030082
7/27/05 36.92 1231.16 39.217051476
7/28/05 37.07 1236.79 39.3963880365
7/29/05 37.31 1243.72 39.61713446
8/1/05 36.78 1234.18 39.3132497731
8/2/05 36.62 1235.35 39.3505186498
8/3/05 36.84 1244.12 39.6298759563
8/4/05 36.84 1245.04 39.6591813978
8/5/05 36.59 1235.86 39.3667640576
8/8/05 36.27 1226.42 39.0660647448
8/9/05 36.23 1223.13 38.9612659377
8/10/05 36.3 1231.38 39.224059299
8/11/05 36.56 1229.13 39.1523883822
8/12/05 36.63 1237.81 39.4288788521
8/15/05 36.2 1230.39 39.1925240956
8/16/05 36.24 1233.87 39.3033751135
8/17/05 36.06 1219.34 38.8405402602
8/18/05 36.02 1220.24 38.8692086269
8/19/05 35.93 1219.02 38.8303470631
8/22/05 36.3 1219.71 38.8523261443
8/23/05 36.69 1221.73 38.9166707006
8/24/05 36.31 1217.59 38.7847962139
8/25/05 35.86 1209.59 38.5299662878
8/26/05 35.85 1212.37 38.6185196871
8/29/05 35.66 1205.1 38.3869429917
8/30/05 35.92 1212.28 38.6156528504
8/31/05 35.64 1208.41 38.4923788737
9/1/05 35.92 1220.33 38.8720754635
9/2/05 35.64 1221.59 38.9122111769
9/6/05 35.72 1218.02 38.7984933224
9/7/05 36.13 1233.39 39.2880853179
9/8/05 36.65 1236.36 39.382690928
9/9/05 36.08 1231.67 39.2332968838
9/12/05 36.09 1241.48 39.5457820806
9/13/05 36 1240.56 39.5164766391
9/14/05 35.94 1231.2 39.2183256256
9/15/05 35.5 1227.16 39.0896365129
9/16/05 35.71 1227.73 39.1077931452
9/19/05 35.9 1237.91 39.4320642261
9/20/05 35.42 1231.02 39.2125919523
9/21/05 35.14 1221.34 38.9042477417
9/22/05 34.2 1210.2 38.5493970696
9/23/05 34.52 1214.62 38.6901906038
9/26/05 35.06 1215.29 38.7115326101
9/27/05 35.08 1215.63 38.722362882
9/28/05 35.75 1215.66 38.7233184942
9/29/05 36.09 1216.89 38.7624985953
9/30/05 36.6 1227.68 39.1062004581
10/3/05 36.54 1228.81 39.1421951852
10/4/05 36.71 1226.7 39.0749837922
10/5/05 37.03 1214.47 38.6854125427
10/6/05 36.5 1196.39 38.1094969097
10/7/05 36.13 1191.49 37.95341358
10/10/05 36.64 1195.9 38.0938885767
10/11/05 36.7 1187.33 37.8209020184
10/12/05 36.27 1184.87 37.7425418161
10/13/05 36.42 1177.68 37.5135134201
10/14/05 36.48 1176.84 37.4867562778
10/17/05 36.96 1186.57 37.7966931754
10/18/05 37 1190.1 37.9091368803
10/19/05 37.05 1178.14 37.5281661408
10/20/05 37 1195.76 38.089429053
10/21/05 36.43 1177.8 37.517335869
10/24/05 36.38 1179.59 37.5743540649
10/25/05 36.47 1199.38 38.2047395946
10/26/05 36.25 1196.54 38.1142749708
10/27/05 35.92 1191.38 37.9499096685
10/28/05 35.42 1178.9 37.5523749838
10/31/05 35.71 1198.41 38.1738414661
11/1/05 35.5 1207.01 38.4477836366
11/2/05 35.4 1202.76 38.3124052384
11/3/05 35.37 1214.76 38.6946501275
11/4/05 35.29 1219.94 38.8596525046
11/7/05 35.26 1220.14 38.8660232528
11/8/05 35.27 1222.81 38.9510727406
11/9/05 35.08 1218.59 38.8166499546
11/10/05 35.09 1220.65 38.8822686606
11/11/05 35.44 1230.96 39.2106807278
11/14/05 35.33 1234.72 39.3304507931
11/15/05 35.5 1233.76 39.299871202
11/16/05 35.32 1229.01 39.1485659334
11/17/05 35.28 1231.21 39.218644163
11/18/05 35.2 1242.8 39.5878290185
11/21/05 35.08 1248.27 39.7620689804
11/22/05 35.06 1254.85 39.9716665946
11/23/05 35.68 1261.23 40.1748934607
11/25/05 35.84 1265.61 40.3144128452
11/28/05 35.7 1268.25 40.3985067208
11/29/05 35.48 1257.46 40.054804858
11/30/05 35.36 1257.48 40.0554419328
12/1/05 34.72 1249.48 39.8006120067
12/2/05 35.01 1264.67 40.2844703289
12/5/05 34.79 1265.08 40.2975303626
12/6/05 34.59 1262.09 40.2022876777
12/7/05 34.76 1263.7 40.2535722004
12/8/05 34.41 1257.37 40.0519380214
12/9/05 34.36 1255.84 40.003201798
12/12/05 34.39 1259.37 40.1156455029
12/13/05 34.54 1260.43 40.1494104681
12/14/05 34.66 1267.43 40.3723866534
12/15/05 34.78 1272.74 40.5415300169
12/16/05 34.66 1270.94 40.4841932835
12/19/05 34.81 1267.32 40.3688827419
12/20/05 34.42 1259.92 40.1331650603
12/21/05 34.28 1259.62 40.1236089381
12/22/05 34.03 1262.79 40.2245852963
12/23/05 34.26 1268.12 40.3943657345
12/27/05 33.85 1268.66 40.4115667545
12/28/05 33.84 1256.54 40.0254994165
12/29/05 33.95 1258.17 40.077421014
12/30/05 34.04 1254.42 39.9579694861
1/3/06 33.72 1248.29 39.7627060552
1/4/06 33.83 1268.8 40.4160262783
1/5/06 33.81 1273.46 40.5644647102
1/6/06 33.8 1273.48 40.565101785
1/9/06 33.76 1285.45 40.9463910619
1/10/06 34.17 1290.15 41.0961036435
1/11/06 34.16 1289.69 41.0814509228
1/12/06 34.04 1294.18 41.2244742188
1/13/06 34.1 1286.06 40.9658218438
1/17/06 34 1287.61 41.015195142
1/18/06 33.95 1283.03 40.8693050093
1/19/06 33.89 1277.93 40.7068509314
1/20/06 33.99 1285.04 40.9333310282
1/23/06 33.6 1261.49 40.1831754333
1/24/06 33.53 1263.82 40.2573946493
1/25/06 33.65 1266.86 40.3542300212
1/26/06 33.64 1264.68 40.2847888663
1/27/06 33.97 1273.83 40.5762505943
1/30/06 34.01 1283.72 40.8912840904
1/31/06 33.99 1285.19 40.9381090893
2/1/06 33.94 1280.08 40.775336474
2/2/06 34 1282.46 40.8511483771
2/3/06 33.91 1270.84 40.4810079094
2/6/06 33.9 1264.03 40.2640839348
2/7/06 33.7 1265.02 40.2956191382
2/8/06 34 1254.78 39.9694368328
2/9/06 34.5 1265.65 40.3156869949
2/10/06 35.24 1263.78 40.2561204996
2/13/06 35.34 1266.99 40.3583710075
2/14/06 35.26 1262.86 40.2268150581
2/15/06 35.6 1275.53 40.6304019536
2/16/06 36.11 1280 40.7727881748
2/17/06 36.42 1289.38 41.0715762631
2/21/06 36.7 1287.24 41.0034092579
2/22/06 36.78 1283.03 40.8693050093
2/23/06 36.61 1292.67 41.1763750702
2/24/06 37.21 1287.79 41.0209288153
2/27/06 37.53 1289.43 41.0731689502
2/28/06 37.6 1294.12 41.2225629943
3/1/06 37.87 1280.66 40.7938116437
3/2/06 37.64 1291.24 41.1308242209
3/3/06 37.35 1289.14 41.0639313653
3/6/06 38.23 1287.23 41.0030907205
3/7/06 38.26 1278.26 40.7173626659
3/8/06 38.01 1275.88 40.6415507628
3/9/06 37.71 1278.47 40.7240519514
3/10/06 38.13 1272.23 40.5252846091
3/13/06 38.18 1281.42 40.8180204867
3/14/06 38.27 1284.13 40.9043441241
3/15/06 38.25 1297.48 41.3295915633
3/16/06 37.94 1303.02 41.5060612871
3/17/06 37.74 1305.33 41.5796434283
3/20/06 38.32 1307.25 41.6408026105
3/21/06 38.24 1305.08 41.5716799931
3/22/06 38.18 1297.23 41.3216281281
3/23/06 37.76 1305.04 41.5704058435
3/24/06 37.81 1301.67 41.4630587371
3/27/06 37.87 1302.95 41.5038315253
3/28/06 37.58 1301.61 41.4611475126
3/29/06 37.52 1293.23 41.1942131651
3/30/06 37.99 1302.89 41.5019203008
3/31/06 37.62 1300.25 41.4178264252
4/3/06 37.92 1294.87 41.2464532999
4/4/06 38.14 1297.81 41.3401032977
4/5/06 38.15 1305.93 41.5987556727
4/6/06 38.25 1311.56 41.7780922332
4/7/06 38.16 1309.04 41.6978208065
4/10/06 37.96 1295.5 41.2665211566
4/11/06 38.02 1296.62 41.3021973462
4/12/06 37.77 1286.57 40.9820672516
4/13/06 37.76 1288.12 41.0314405498
4/17/06 37.67 1289.12 41.0632942905
4/18/06 37.95 1285.33 40.942568613
4/19/06 37.85 1307.28 41.6417582228
4/20/06 38.44 1309.93 41.7261706358
4/21/06 39.06 1311.46 41.7749068591
4/24/06 39.84 1311.28 41.7691731858
4/25/06 39.33 1308.11 41.6681968276
4/26/06 40.39 1301.74 41.4652884989
4/27/06 39.86 1305.41 41.5821917275
4/28/06 40.27 1309.72 41.7194813502
5/1/06 41.51 1310.61 41.7478311795
5/2/06 41.08 1305.19 41.5751839046
5/3/06 42.25 1313.21 41.8306509055
5/4/06 41.88 1307.85 41.659914855
5/5/06 41.4 1312.25 41.8000713143
5/8/06 42.31 1325.76 42.230415352
5/9/06 42.13 1324.66 42.1953762372
5/10/06 42.04 1325.14 42.2106660328
5/11/06 41.94 1322.85 42.1377209664
5/12/06 41.56 1305.92 41.5984371353
5/15/06 41.35 1291.24 41.1308242209
5/16/06 41.51 1294.50 41.2346674158
5/17/06 41.41 1292.08 41.1575813632
5/18/06 41.03 1270.32 40.4644439642
5/19/06 40.99 1261.81 40.1933686303
5/22/06 41.45 1267.03 40.3596451571
5/23/06 40.93 1262.07 40.2016506029
5/24/06 42.98 1256.58 40.0267735661
5/25/06 42.61 1258.57 40.0901625103
5/26/06 42.81 1272.88 40.5459895406
5/30/06 42.9 1280.16 40.7778847733
5/31/06 42.19 1259.84 40.130616761
6/1/06 42.35 1270.09 40.4571176038
6/2/06 42.38 1285.71 40.9546730345
6/5/06 42.7 1288.22 41.0346259238
6/6/06 42.49 1265.29 40.3042196482
6/7/06 41.99 1263.85 40.2583502615
6/8/06 42.03 1256.15 40.0130764576
6/9/06 40.76 1257.93 40.0697761162
6/12/06 40.96 1252.30 39.8904395557
6/13/06 40.75 1236.40 39.3839650776
6/14/06 40.18 1223.69 38.9791040325
6/15/06 40 1230.04 39.1813752863
6/16/06 40.58 1256.16 40.013394995
6/19/06 41.09 1251.54 39.8662307127
6/20/06 41.1 1240.14 39.503098068
6/21/06 41.39 1240.12 39.5024609932
6/22/06 40.77 1252.20 39.8872541816
6/23/06 40.28 1245.60 39.6770194926
6/26/06 39.94 1244.50 39.6419803777
6/27/06 40.05 1250.56 39.8350140468
6/28/06 40.1 1239.20 39.4731555517
6/29/06 40.17 1246.00 39.6897609889
6/30/06 40.92 1272.87 40.5456710032
7/3/06 41.22 1270.20 40.4606215153
7/5/06 41.42 1280.19 40.7788403855
7/6/06 41.83 1270.91 40.4832376713
7/7/06 41.76 1274.08 40.5842140295
7/10/06 41.46 1265.48 40.3102718589
7/11/06 41.61 1267.34 40.3695198167
7/12/06 42.37 1272.52 40.5345221939
7/13/06 42.56 1258.60 40.0911181225
7/14/06 41.58 1242.29 39.5715836107
7/17/06 41.61 1236.20 39.3775943294
7/18/06 41.97 1234.49 39.3231244327
7/19/06 42.19 1236.86 39.3986177983
7/20/06 42.61 1259.81 40.1296611488
7/21/06 42.36 1249.13 39.7894631975
7/24/06 42.01 1240.29 39.5078761291
7/25/06 41.9 1260.91 40.1647002636
7/26/06 42.01 1268.88 40.4185745775
7/27/06 41.85 1268.40 40.403284782
7/28/06 41.66 1263.20 40.23764533
7/31/06 42.58 1278.55 40.7266002507
8/1/06 41.97 1276.66 40.6663966806
8/2/06 41.6 1270.92 40.4835562087
8/3/06 42.2 1278.55 40.7266002507
8/4/06 42.18 1280.27 40.7813886848
8/7/06 41.8 1279.36 40.7524017807
8/8/06 42.08 1275.77 40.6380468514
8/9/06 42.28 1271.48 40.5013943035
8/10/06 41.79 1265.95 40.3252431171
8/11/06 42 1271.81 40.5119060379
8/14/06 41.12 1266.74 40.3504075723
8/15/06 41.23 1268.21 40.3972325712
8/16/06 40.97 1285.58 40.9505320482
8/17/06 41.13 1295.43 41.2642913947
8/18/06 40.69 1297.48 41.3295915633
8/21/06 41.08 1302.30 41.4831265938
8/22/06 41.37 1297.52 41.3308657129
8/23/06 41.42 1298.82 41.3722755759
8/24/06 41.28 1292.99 41.1865682673
8/25/06 41.3 1296.06 41.2843592514
8/28/06 41.35 1295.09 41.2534611229
8/29/06 41.84 1301.78 41.4665626486
8/30/06 41.97 1304.28 41.5461970005
8/31/06 41.98 1304.27 41.5458784631
9/1/06 41.84 1303.82 41.5315442797
9/5/06 41.92 1311.01 41.7605726758
9/6/06 41.95 1313.25 41.8319250551
9/7/06 42.29 1300.26 41.4181449626
9/8/06 42.07 1294.02 41.2193776203
9/11/06 41.74 1298.92 41.37546095
9/12/06 41.81 1299.54 41.3952102693
9/13/06 41.61 1313.11 41.8274655314
9/14/06 41.5 1318.07 41.9854600856
9/15/06 41.15 1316.28 41.9284418896
9/18/06 41.33 1319.87 42.0427968189
9/19/06 41.21 1321.18 42.0845252193
9/20/06 41.4 1318.31 41.9931049834
9/21/06 41.5 1325.18 42.2119401824
9/22/06 41.7 1318.03 41.9841859359
9/25/06 41.69 1314.78 41.8806612785
9/26/06 42.12 1326.37 42.2498461339
9/27/06 42.4 1336.34 42.5674279293
9/28/06 42.2 1336.59 42.5753913645
9/29/06 42.21 1339.15 42.6569369408
10/2/06 41.93 1335.85 42.5518195963
10/3/06 41.94 1331.32 42.4075221507
10/4/06 41.58 1334.11 42.4963940874
10/5/06 42 1350.22 43.0095578511
10/6/06 42.18 1353.22 43.1051190733
10/9/06 41.77 1349.58 42.989171457
10/10/06 42.13 1350.66 43.023573497
10/11/06 42.31 1353.42 43.1114898215
10/12/06 42.06 1349.95 43.0009573411
10/13/06 41.76 1362.83 43.4112335221
10/16/06 41.68 1365.62 43.5001054588
10/17/06 41.6 1369.05 43.6093637896
10/18/06 41.6 1364.05 43.4500950858
10/19/06 41.86 1365.96 43.5109357306
10/20/06 41.77 1366.96 43.5427894714
10/23/06 41.59 1368.60 43.5950296063
10/24/06 41.31 1377.02 43.8632381035
10/25/06 41.2 1377.38 43.8747054501
10/26/06 41.8 1382.22 44.0288775554
10/27/06 41.97 1389.08 44.2473942171
10/30/06 42 1377.34 43.8734313005
10/31/06 42.01 1377.93 43.8922250076
11/1/06 42.16 1377.94 43.892543545
11/2/06 41.98 1367.81 43.5698651511
11/3/06 42.25 1367.34 43.5548938929
11/6/06 42.04 1364.30 43.458058521
11/7/06 42.24 1379.78 43.951154428
11/8/06 42.31 1382.84 44.0486268747
11/9/06 43.2 1385.72 44.1403656481
11/10/06 42.85 1378.33 43.9049665039
11/13/06 42.87 1380.90 43.9868306176
11/14/06 43.29 1384.42 44.0989557851
11/15/06 43.5 1393.22 44.3792687038
11/16/06 43.79 1396.57 44.4859787354
11/17/06 43.95 1399.76 44.5875921684
11/20/06 43.94 1401.20 44.6334615551
11/21/06 43.5 1400.50 44.6111639366
11/22/06 43.87 1402.81 44.6847460777
11/24/06 44.47 1406.09 44.7892263474
11/27/06 44.36 1400.95 44.6254981199
11/28/06 43.66 1381.90 44.0186843584
11/29/06 43.55 1386.72 44.1722193889
11/30/06 43.97 1399.48 44.578673121
12/1/06 44.45 1400.63 44.6153049229
12/4/06 44.53 1396.71 44.4904382591
12/5/06 45 1409.12 44.8857431819
12/6/06 45.07 1414.76 45.0653982798
12/7/06 44.9 1412.90 45.006150322
12/8/06 45.16 1407.29 44.8274508363
12/11/06 45.54 1409.84 44.9086778753
12/12/06 45.88 1413.04 45.0106098457
12/13/06 46.27 1411.56 44.9634663094
12/14/06 46.09 1413.21 45.0160249816
12/15/06 46.43 1425.49 45.4071889182
12/18/06 46.53 1427.09 45.4581549034
12/19/06 45.83 1422.48 45.3113091585
12/20/06 45.67 1425.55 45.4091001426
12/21/06 45.61 1423.53 45.3447555863
12/22/06 45.52 1418.30 45.1781605221
12/26/06 45.12 1410.76 44.9379833168
12/27/06 45.11 1416.90 45.133565285
12/28/06 45.15 1426.84 45.4501914682
12/29/06 45.12 1424.73 45.3829800752
1/3/07 45.01 1418.30 45.1781605221
1/4/07 45.75 1416.60 45.1240091628
1/5/07 45.36 1418.34 45.1794346717
1/8/07 45.23 1409.71 44.904536889
1/9/07 45.46 1412.84 45.0042390975
1/10/07 45.75 1412.11 44.9809858668
1/11/07 46.05 1414.85 45.0682651165
1/12/07 46.22 1423.82 45.3539931711
1/16/07 46.06 1430.73 45.5741025198
1/17/07 46.52 1431.90 45.6113713965
1/18/07 46.55 1430.62 45.5705986083
1/19/07 46.65 1426.37 45.4352202101
1/22/07 46.74 1430.50 45.5667761594
1/23/07 46.81 1422.95 45.3262804166
1/24/07 46.91 1427.99 45.4868232701
1/25/07 46.84 1440.13 45.8735276829
1/26/07 46.43 1423.90 45.3565414704
1/29/07 46.39 1422.18 45.3017530363
1/30/07 46.61 1420.62 45.2520612007
1/31/07 46.75 1428.82 45.5132618749
2/1/07 47.12 1438.24 45.8133241129
2/2/07 47.08 1445.94 46.0585979168
2/5/07 46.93 1448.39 46.1366395816
2/6/07 46.75 1446.99 46.0920443446
2/7/07 46.74 1448.00 46.1242166227
2/8/07 46.69 1450.02 46.1885611791
2/9/07 46.73 1448.31 46.1340912824
2/12/07 46.66 1438.06 45.8075904396
2/13/07 46.39 1433.37 45.6581963954
2/14/07 46.59 1444.26 46.0050836323
2/15/07 46.92 1455.30 46.3567489303
2/16/07 47.28 1456.81 46.4048480788
2/20/07 47.05 1455.54 46.3643938281
2/21/07 47.69 1459.68 46.4962683148
2/22/07 47.63 1457.63 46.4309681463
2/23/07 47.56 1456.38 46.3911509703
2/26/07 47.21 1451.19 46.2258300558
2/27/07 47.01 1449.37 46.1678562476
2/28/07 45.86 1399.04 44.564657475
3/1/07 45.83 1406.82 44.8124795782
3/2/07 45.67 1403.17 44.6962134244
3/5/07 45.22 1387.17 44.1865535722
3/6/07 45.28 1374.12 43.7708622553
3/7/07 45.28 1395.41 44.4490283961
3/8/07 44.91 1391.97 44.3394515279
3/9/07 45.33 1401.89 44.6554406362
3/12/07 45.4 1402.85 44.6860202273
3/13/07 45.5 1406.60 44.8054717552
3/14/07 44.28 1377.95 43.8928620824
3/15/07 45.18 1387.17 44.1865535722
3/16/07 45.93 1392.28 44.3493261875
3/19/07 46.06 1386.95 44.1795457492
3/20/07 46.3 1402.06 44.6608557721
3/21/07 46.42 1410.94 44.9437169901
3/22/07 46.87 1435.04 45.7113921425
3/23/07 47.03 1434.54 45.6954652721
3/26/07 47.03 1436.11 45.7454756451
3/27/07 46.89 1437.50 45.7897523447
3/28/07 46.92 1428.61 45.5065725894
3/29/07 47.24 1417.23 45.1440770195
3/30/07 47.02 1422.53 45.3129018455
4/2/07 47.12 1420.86 45.2597060985
4/3/07 47 1424.55 45.3772464019
4/4/07 47.56 1437.77 45.7983528547
4/5/07 47.84 1439.37 45.84931884
4/9/07 47.48 1443.76 45.9891567619
4/10/07 47.49 1444.61 46.0162324415
4/11/07 47.36 1448.39 46.1366395816
4/12/07 47.03 1438.87 45.8333919696
4/13/07 47.12 1447.80 46.1178458746
4/16/07 47.26 1452.85 46.2787072654
4/17/07 47.46 1468.47 46.7762626961
4/18/07 47.21 1471.48 46.8721424558
4/19/07 46.92 1472.50 46.9046332714
4/20/07 48.13 1470.73 46.8482521502
4/23/07 48.15 1484.35 47.2821000994
4/24/07 47.63 1480.93 47.173160306
4/25/07 47.28 1480.41 47.1565963608
4/26/07 47.64 1495.42 47.6347210096
4/27/07 47.03 1494.25 47.5974521329
4/30/07 46.8 1494.07 47.5917184596
5/1/07 47.11 1482.37 47.2190296927
5/2/07 46.62 1486.30 47.3442148939
5/3/07 46.61 1495.92 47.65064788
5/4/07 46.38 1502.39 47.8567415827
5/7/07 46.17 1505.62 47.9596291654
5/8/07 46.7 1509.48 48.0825846047
5/9/07 46.72 1507.72 48.026522021
5/10/07 46.67 1512.58 48.1813312011
5/11/07 45.76 1491.47 47.5088987336
5/14/07 45.77 1505.85 47.9669555258
5/15/07 45.79 1503.15 47.8809504257
5/16/07 45.91 1501.19 47.8185170938
5/17/07 46.25 1514.14 48.2310230367
5/18/07 46.35 1512.75 48.186746337
5/21/07 46.48 1522.75 48.5052837447
5/22/07 47.04 1525.10 48.5801400354
5/23/07 46.44 1524.12 48.5489233695
5/24/07 46.38 1522.28 48.4903124865
5/25/07 46.68 1507.51 48.0198327354
5/29/07 46.91 1515.73 48.2816704845
5/30/07 47.18 1518.11 48.3574823875
5/31/07 47.56 1530.23 48.7435497255
6/1/07 47.58 1530.62 48.7559726844
6/4/07 48.1 1536.34 48.9381760816
6/5/07 48.11 1539.18 49.0286407054
6/6/07 47.6 1530.95 48.7664844189
6/7/07 47.18 1517.38 48.3342291568
6/8/07 46.25 1490.72 47.4850084281
6/11/07 46.58 1507.67 48.024929334
6/12/07 46.5 1509.12 48.0711172581
6/13/07 46.05 1493.00 47.557634957
6/14/07 46.86 1515.67 48.2797592601
6/15/07 47.07 1522.97 48.5122915676
6/18/07 47.33 1532.91 48.8289177508
6/19/07 47.1 1531.05 48.769669793
6/20/07 46.75 1533.70 48.854082206
6/21/07 45.95 1512.84 48.1896131737
6/22/07 46.61 1522.19 48.4874456498
6/25/07 46.68 1502.56 47.8621567187
6/26/07 46.79 1497.74 47.7086216882
6/27/07 46.65 1492.89 47.5541310455
6/28/07 47.19 1506.34 47.9825638588
6/29/07 47.39 1505.71 47.9624960021
7/2/07 47.47 1503.35 47.8873211739
7/3/07 47.75 1519.43 48.3995293253
7/5/07 47.46 1524.87 48.5728136751
7/6/07 47.25 1525.40 48.5896961577
7/9/07 47.3 1530.44 48.7502390111
7/10/07 47.19 1531.85 48.7951527856
7/11/07 46.75 1510.12 48.1029709988
7/12/07 46.64 1518.76 48.378187319
7/13/07 47.2 1547.70 49.3000345767
7/16/07 47.3 1552.50 49.4529325323
7/17/07 46.59 1549.52 49.3580083848
7/18/07 46.31 1549.37 49.3532303237
7/19/07 46.21 1546.17 49.2512983533
7/20/07 46.5 1553.08 49.4714077019
7/23/07 46.05 1534.10 48.8668237023
7/24/07 46.17 1541.57 49.1047711458
7/25/07 45.27 1511.04 48.1322764403
7/26/07 45.32 1518.09 48.3568453127
7/27/07 44.24 1482.66 47.2282672775
7/30/07 43.6 1458.95 46.4730150841
7/31/07 44 1473.91 46.9495470459
8/1/07 43.76 1455.27 46.3557933181
8/2/07 43.48 1465.81 46.6915317457
8/3/07 43.8 1472.20 46.8950771492
8/6/07 42.99 1433.06 45.6483217357
8/7/07 43.99 1467.67 46.7507797035
8/8/07 43.86 1476.71 47.03873752
8/9/07 43.81 1497.49 47.700658253
8/10/07 42.1 1453.09 46.2863521632
8/13/07 42.16 1453.64 46.3038717206
8/14/07 43.15 1452.92 46.2809370273
8/15/07 42.57 1426.54 45.440635346
8/16/07 43.75 1406.70 44.8086571293
8/17/07 44.63 1411.27 44.9542287246
8/20/07 45.19 1445.94 46.0585979168
8/21/07 44.44 1445.55 46.0461749579
8/22/07 44.48 1447.12 46.0961853309
8/23/07 45.14 1464.07 46.6361062368
8/24/07 45.22 1462.50 46.5860958638
8/27/07 45.43 1479.37 47.1234684704
8/28/07 45.54 1466.79 46.7227484116
8/29/07 44.27 1432.36 45.6260241172
8/30/07 44.83 1463.76 46.6262315771
8/31/07 44.79 1457.64 46.4312866837
9/4/07 45.09 1473.99 46.9520953451
9/5/07 45.46 1489.42 47.4435985651
9/6/07 45.08 1472.29 46.8979439858
9/7/07 45.55 1478.55 47.097348403
9/10/07 44.86 1453.55 46.301004884
9/11/07 45.08 1451.70 46.2420754635
9/12/07 45.76 1471.49 46.8724609932
9/13/07 45.97 1471.56 46.8746907551
9/14/07 46.33 1483.95 47.2693586031
9/17/07 46.12 1484.25 47.2789147253
9/18/07 45.87 1476.65 47.0368262955
9/19/07 46.4 1519.78 48.4106781346
9/20/07 46.38 1529.03 48.7053252366
9/21/07 45.64 1518.75 48.3778687816
9/24/07 45.6 1525.75 48.6008449669
9/25/07 45.63 1517.73 48.345377966
9/26/07 46.01 1517.21 48.3288140208
9/27/07 46.07 1525.42 48.5903332325
9/28/07 46.26 1531.38 48.7801815274
10/1/07 46.2 1526.75 48.6326987077
10/2/07 46.59 1547.04 49.2790111077
10/3/07 46.23 1546.63 49.265951074
10/4/07 45.98 1539.59 49.0417007391
10/5/07 46.08 1542.84 49.1452253966
10/8/07 46.12 1557.59 49.6150680728
10/9/07 45.8 1552.58 49.4554808316
10/10/07 45.96 1565.15 49.8558823529
10/11/07 45.87 1562.47 49.7705143277
10/12/07 45.75 1554.41 49.5137731772
10/15/07 45.86 1561.80 49.7491723214
10/16/07 45.79 1548.71 49.3322068548
10/17/07 45.72 1538.53 49.0079357739
10/18/07 46.35 1541.24 49.0942594113
10/19/07 46.07 1540.08 49.057309072
10/22/07 46 1500.63 47.800678999
10/23/07 46.37 1506.33 47.9822453213
10/24/07 46.1 1519.59 48.4046259238
10/25/07 46.36 1515.88 48.2864485456
10/26/07 46.72 1514.40 48.2393050093
10/29/07 47.01 1535.28 48.9044111164
10/30/07 46.89 1540.98 49.0859774387
10/31/07 46.65 1531.02 48.7687141807
11/1/07 46.78 1549.38 49.3535488611
11/2/07 45.61 1508.44 48.0494567144
11/5/07 45.62 1509.65 48.0879997407
11/6/07 45.43 1502.17 47.8497337598
11/7/07 45.24 1520.27 48.4262864676
11/8/07 44.74 1475.62 47.0040169426
11/9/07 45.36 1474.77 46.9769412629
11/12/07 45.44 1453.70 46.3057829451
11/13/07 45.31 1439.18 45.8432666292
11/14/07 45.84 1481.05 47.1769827549
11/15/07 45.82 1470.58 46.8434740891
11/16/07 45.47 1451.15 46.2245559061
11/19/07 45.64 1458.74 46.4663257985
11/20/07 45 1433.27 45.6550110213
11/21/07 45.64 1439.70 45.8598305744
11/23/07 44.95 1416.77 45.1294242987
11/26/07 45.73 1440.70 45.8916843152
11/27/07 45.22 1407.22 44.8252210745
11/28/07 46.08 1428.23 45.4944681679
11/29/07 47.19 1469.02 46.7937822535
11/30/07 47.54 1469.72 46.8160798721
12/3/07 47.3 1481.14 47.1798495916
12/4/07 46.94 1472.42 46.9020849721
12/5/07 47.05 1462.79 46.5953334486
12/6/07 47.7 1485.01 47.3031235683
12/7/07 48.33 1507.34 48.0144175995
12/10/07 47.67 1504.66 47.9290495743
12/11/07 48.62 1515.96 48.2889968449
12/12/07 47.51 1477.65 47.0686800363
12/13/07 47.32 1486.59 47.3534524787
12/14/07 47.06 1488.41 47.4114262869
12/17/07 46.3 1467.95 46.7596987509
12/18/07 45.91 1445.90 46.0573237671
12/19/07 46.25 1454.98 46.3465557332
12/20/07 46.26 1453.00 46.2834853265
12/21/07 46.19 1460.12 46.5102839608
12/24/07 47.13 1484.46 47.2856040109
12/26/07 47.24 1496.45 47.6675303626
12/27/07 46.94 1497.66 47.7060733889
12/28/07 46.72 1476.37 47.0279072481
12/31/07 46.87 1478.49 47.0954371785
1/2/08 46.68 1468.36 46.7727587846
1/3/08 45.52 1447.16 46.0974594805
1/4/08 45.48 1447.16 46.0974594805
1/7/08 45.18 1411.63 44.9656960712
1/8/08 46.1 1416.18 45.1106305917
1/9/08 46 1390.19 44.2827518693
1/10/08 46.2 1409.13 44.8860617193
1/11/08 46.98 1420.33 45.2428236159
1/14/08 46.4 1401.02 44.6277278817
1/15/08 46.16 1416.25 45.1128603535
1/16/08 45.28 1380.95 43.9884233047
1/17/08 45.11 1373.20 43.7415568138
1/18/08 44.47 1333.25 42.4689998703
1/22/08 43.56 1325.19 42.2122587198
1/23/08 43.01 1310.50 41.744327268
1/24/08 43.59 1338.60 42.6394173834
1/25/08 43.3 1352.07 43.0684872715
1/28/08 42.93 1330.61 42.3849059947
1/29/08 43.68 1353.97 43.1290093789
1/30/08 43.3 1362.30 43.3943510395
1/31/08 42.86 1355.81 43.1876202619
2/1/08 42.58 1378.55 43.9119743268
2/4/08 43.04 1395.42 44.4493469335
2/5/08 43.05 1380.82 43.9842823184
2/6/08 41.91 1336.64 42.5769840515
2/7/08 41.9 1326.45 42.2523944332
2/8/08 42.09 1336.91 42.5855845615
2/11/08 42.14 1331.29 42.4065665384
2/12/08 42.59 1339.13 42.656299866
2/13/08 42.92 1348.86 42.9662367636
2/14/08 43.1 1367.21 43.5507529066
2/15/08 42.89 1348.86 42.9662367636
2/19/08 45.12 1349.99 43.0022314907
2/20/08 45.24 1348.78 42.9636884644
2/21/08 45.42 1360.03 43.3220430479
2/22/08 44.82 1342.53 42.7646025846
2/25/08 45.29 1353.11 43.1016151619
2/26/08 45.98 1371.80 43.6969615767
2/27/08 45.6 1381.29 43.9992535765
2/28/08 45.29 1380.02 43.9587993258
2/29/08 44.86 1367.68 43.5657241648
3/3/08 44.11 1330.63 42.3855430695
3/4/08 43.87 1331.34 42.4081592255
3/5/08 43.79 1326.75 42.2619505554
3/6/08 44.09 1333.70 42.4833340537
3/7/08 43.85 1304.34 41.5481082249
3/10/08 43.85 1293.37 41.1986726888
3/11/08 44.37 1273.37 40.5615978735
3/12/08 45.2 1320.65 42.0676427367
3/13/08 45.74 1308.77 41.6892202965
3/14/08 45.71 1315.48 41.902958897
3/17/08 45.09 1288.14 41.0320776246
3/18/08 44.43 1276.60 40.6644854562
3/19/08 45.34 1330.74 42.389046981
3/20/08 44.66 1298.42 41.3595340796
3/24/08 45.15 1329.51 42.3498668799
3/25/08 45.32 1349.88 42.9987275792
3/26/08 45.66 1352.99 43.097792713
3/27/08 45.85 1341.13 42.7200073475
3/28/08 46.1 1325.76 42.230415352
3/31/08 46.89 1315.22 41.8946769244
4/1/08 46.97 1322.70 42.1329429053
4/2/08 47.64 1370.18 43.6453585167
4/3/08 47.75 1367.53 43.5609461036
4/4/08 47.42 1369.31 43.6176457622
4/7/08 48.1 1370.40 43.6523663396
4/8/08 47.3 1372.54 43.7205333449
4/9/08 46.59 1365.54 43.4975571595
4/10/08 46.81 1354.49 43.1455733241
4/11/08 46.81 1360.55 43.3386069931
4/14/08 46.7 1332.83 42.4556212992
4/15/08 46.81 1328.32 42.3119609284
4/16/08 47.18 1334.43 42.5065872844
4/17/08 47.22 1364.71 43.4711185547
4/18/08 47.15 1365.56 43.4981942343
4/21/08 47.72 1390.33 44.287211393
4/22/08 47.55 1388.17 44.218407313
4/23/08 47 1375.94 43.8288360634
4/24/08 47.35 1379.93 43.9559324891
4/25/08 47.07 1388.82 44.2391122445
4/28/08 46.75 1397.84 44.5264329861
4/29/08 46.87 1396.37 44.4796079872
4/30/08 46.98 1390.94 44.3066421749
5/1/08 47.03 1385.59 44.1362246618
5/2/08 47.82 1409.34 44.8927510049
5/5/08 47.46 1413.90 45.0380040628
5/6/08 47.61 1407.49 44.8338215845
5/7/08 47.66 1418.26 45.1768863725
5/8/08 47.04 1392.57 44.3585637723
5/9/08 47.55 1397.68 44.5213363876
5/12/08 47.73 1388.28 44.2219112244
5/13/08 48.58 1403.58 44.7092734581
5/14/08 48.26 1403.04 44.6920724381
5/15/08 48.6 1408.66 44.8710904612
5/16/08 48.5 1423.57 45.3460297359
5/19/08 48.66 1425.35 45.4027293945
5/20/08 48.37 1426.63 45.4435021827
5/21/08 48.27 1413.40 45.0220771924
5/22/08 47.58 1390.71 44.2993158145
5/23/08 47.19 1394.35 44.4152634309
5/27/08 46.55 1375.93 43.828517526
5/28/08 46.85 1385.35 44.128579764
5/29/08 47.55 1390.84 44.3034568008
5/30/08 49.25 1398.26 44.5398115572
6/2/08 49.91 1400.38 44.6073414877
6/3/08 49.7 1385.67 44.1387729611
6/4/08 49.75 1377.65 43.8833059602
6/5/08 50.06 1377.20 43.8689717768
6/6/08 50.37 1404.05 44.7242447163
6/9/08 49.7 1360.68 43.3427479794
6/10/08 50.09 1361.76 43.3771500194
6/11/08 50.43 1358.44 43.2713956001
6/12/08 49.82 1335.49 42.5403522496
6/13/08 49.54 1339.87 42.6798716342
6/16/08 50.63 1360.03 43.3220430479
6/17/08 50.39 1360.14 43.3255469594
6/18/08 50.33 1350.93 43.032174007
6/19/08 49.79 1337.81 42.6142529282
6/20/08 49.82 1342.83 42.7741587068
6/23/08 49.35 1317.93 41.9810005619
6/24/08 49.59 1318.00 41.9832303237
6/25/08 49.57 1314.29 41.8650529455
6/26/08 50.12 1321.97 42.1096896745
6/27/08 48.67 1283.15 40.8731274582
6/30/08 48.22 1278.38 40.7211851148
7/1/08 47.85 1280.00 40.7727881748
7/2/08 47.39 1284.91 40.9291900419
7/3/08 47.15 1261.52 40.1841310455
7/7/08 47.47 1262.90 40.2280892078
7/8/08 47.74 1252.31 39.8907580931
7/9/08 48.36 1273.70 40.572109608
7/10/08 49.33 1244.69 39.6480325885
7/11/08 49.65 1253.39 39.9251601331
7/14/08 49.09 1239.49 39.4823931365
7/15/08 48.93 1228.30 39.1259497774
7/16/08 49.02 1214.91 38.6994281886
7/17/08 49.07 1245.36 39.6693745948
7/18/08 49.13 1260.32 40.1459065566
7/21/08 49 1260.68 40.1573739033
7/22/08 48.73 1260.00 40.1357133596
7/23/08 49.29 1277.00 40.6772269525
7/24/08 49.71 1282.19 40.8425478671
7/25/08 49.59 1252.54 39.8980844535
7/28/08 49.11 1257.76 40.0643609802
7/29/08 49.35 1234.37 39.3193019838
7/30/08 50.11 1263.20 40.23764533
7/31/08 51.17 1284.26 40.9084851104
8/1/08 50.38 1267.38 40.3707939664
8/4/08 50.45 1260.31 40.1455880192
8/5/08 51.01 1249.01 39.7856407486
8/6/08 51.16 1284.88 40.9282344297
8/7/08 51.87 1289.19 41.0655240524
8/8/08 50.3 1266.07 40.329065566
8/11/08 51.29 1296.32 41.292641224
8/12/08 51.47 1305.32 41.5793248909
8/13/08 51.31 1289.59 41.0782655487
8/14/08 51.7 1285.83 40.9584954834
8/15/08 51.75 1292.93 41.1846570428
8/18/08 52.04 1298.20 41.3525262566
8/19/08 52.06 1278.60 40.7281929377
8/20/08 51.77 1266.69 40.3488148852
8/21/08 51.71 1274.54 40.5988667502
8/22/08 51.99 1277.72 40.7001616458
8/25/08 52.09 1292.20 41.1614038121
8/26/08 51.25 1266.84 40.3535929464
8/27/08 50.83 1271.51 40.5023499157
8/28/08 51.72 1281.66 40.8256653844
8/29/08 51.61 1300.68 41.4315235337
9/2/08 50.32 1282.83 40.8629342611
9/3/08 52.05 1277.58 40.6957021221
9/4/08 51.6 1274.98 40.6128823962
9/5/08 51.5 1236.83 39.3976621861
9/8/08 51.65 1242.31 39.5722206855
9/9/08 52.47 1267.79 40.3838540001
9/10/08 52.23 1224.51 39.0052240999
9/11/08 52.44 1232.04 39.2450827679
9/12/08 52.46 1249.05 39.7869148982
9/15/08 52.61 1251.70 39.8713273112
9/16/08 51.88 1192.70 37.9919566063
9/17/08 52 1213.59 38.6573812508
9/18/08 51.05 1156.39 36.8353472792
9/19/08 49.74 1206.51 38.4318567662
9/22/08 50 1255.08 39.978992955
9/23/08 50.02 1207.09 38.4503319359
9/24/08 50.51 1188.22 37.8492518477
9/25/08 50.56 1185.87 37.7743955569
9/26/08 51.38 1209.18 38.5169062541
9/29/08 51.18 1213.01 38.6389060812
9/30/08 49.86 1106.39 35.2426602412
10/1/08 49.97 1166.36 37.1529290746
10/2/08 50 1161.06 36.9841042486
10/3/08 50.42 1114.28 35.4939862558
10/6/08 50.73 1099.23 35.0145874573
10/7/08 50.21 1056.89 33.6659000735
10/8/08 49.74 996.23 31.7336521589
10/9/08 47.14 984.94 31.3740234257
10/10/08 43.15 909.92 28.9843557938
10/13/08 41.58 899.22 28.6435207676
10/14/08 45.63 1003.35 31.9604507931
10/15/08 44.57 998.01 31.7903518174
10/16/08 41.76 907.84 28.918100013
10/17/08 41 946.43 30.147335869
10/20/08 42.19 940.55 29.9600358733
10/21/08 44.05 985.40 31.3886761464
10/22/08 43.74 955.05 30.4219151143
10/23/08 41.88 896.78 28.5657976401
10/24/08 41.6 908.11 28.926700523
10/27/08 39.49 876.77 27.9284042875
10/28/08 39.45 848.92 27.0412776073
10/29/08 43.58 940.51 29.9587617236
10/30/08 42.59 930.09 29.6268457449
10/31/08 43.65 954.09 30.3913355232
11/3/08 43.82 968.75 30.8583113628
11/4/08 44.1 966.30 30.7802696979
11/5/08 45.78 1005.75 32.0368997709
11/6/08 43.27 952.77 30.3492885854
11/7/08 41.74 904.88 28.8238129403
11/10/08 42.3 930.99 29.6555141116
11/11/08 42.53 919.21 29.2802770454
11/12/08 41.19 898.95 28.6349202576
11/13/08 40.34 852.30 27.1489432511
11/14/08 42.45 911.29 29.0279954186
11/17/08 41.02 873.29 27.8175532697
11/18/08 40.33 850.75 27.0995699529
11/19/08 41.23 859.12 27.3661857631
11/20/08 40.43 806.58 25.6925902235
11/21/08 38.02 752.44 23.9680286986
11/24/08 39.57 800.03 25.4839482215
11/25/08 39.26 851.81 27.1333349181
11/26/08 38.25 857.39 27.3110787915
11/28/08 38.2 887.68 28.2759285992
12/1/08 38.84 896.24 28.5485966201
12/2/08 36.66 816.21 25.999341747
12/3/08 37.41 848.81 27.0377736958
12/4/08 37.65 870.74 27.7363262307
12/5/08 36.76 845.22 26.9234187665
12/8/08 36.49 876.07 27.906106669
12/9/08 36.88 909.70 28.9773479708
12/10/08 35.8 888.67 28.3074638026
12/11/08 36.61 899.24 28.6441578424
12/12/08 36.14 873.59 27.8271093919
12/15/08 36.91 879.73 28.0226913602
12/16/08 36.56 868.57 27.6672036133
12/17/08 38.53 913.18 29.0881989886
12/18/08 39.28 904.42 28.8091602196
12/19/08 38.25 885.28 28.1994796214
12/22/08 37.25 887.88 28.2822993474
12/23/08 37.57 871.63 27.76467606
12/24/08 36.98 863.16 27.4948748757
12/26/08 37.34 868.15 27.6538250421
12/29/08 37.32 872.80 27.8019449367
12/30/08 37.14 869.42 27.6942792929
12/31/08 37.98 890.64 28.3702156719
1/2/09 37.6 903.25 28.7718913429
1/5/09 38.93 931.80 29.6813156416
1/6/09 38.78 927.45 29.5427518693
1/7/09 38.27 934.70 29.7736914898
1/8/09 37.37 906.65 28.8801940615
1/9/09 36.68 909.73 28.978303583
1/12/09 36.33 890.35 28.360978087
1/13/09 36.1 870.26 27.7210364351
1/14/09 36.4 871.79 27.7697726585
1/15/09 35.14 842.62 26.8405990405
1/16/09 35.17 843.74 26.8762752302
1/20/09 36.08 850.12 27.0795020962
1/21/09 35.47 805.22 25.649269136
1/22/09 36.29 840.24 26.7647871375
1/23/09 36.08 827.50 26.3589704802
1/26/09 35.06 831.95 26.5007196266
1/27/09 36.1 836.57 26.6478839089
1/28/09 36.82 845.71 26.9390270995
1/29/09 36.95 874.09 27.8430362623
1/30/09 37.14 845.14 26.9208704672
2/2/09 36.83 825.44 26.2933517742
2/3/09 38.07 838.51 26.709680166
2/4/09 37.48 832.23 26.509638674
2/5/09 36.93 845.85 26.9434866232
2/6/09 37 868.6 27.6681592255
2/9/09 37.01 869.89 27.7092505511
2/10/09 34.88 827.16 26.3481402083
2/11/09 35.02 833.74 26.5577378225
2/12/09 35.01 835.19 26.6039257466
2/13/09 34.46 826.84 26.3379470113
2/17/09 33 789.17 25.1380165968
2/18/09 32.63 788.42 25.1141262912
2/19/09 32.95 778.94 24.8121528288
2/20/09 32.56 770.05 24.5289730734
2/23/09 31.97 743.33 23.6778411203
2/24/09 33.77 773.14 24.6274011324
2/25/09 33.94 764.9 24.3649263085
2/26/09 32.61 752.83 23.9804516575
2/27/09 32.67 735.09 23.4153662964
3/2/09 32 700.82 22.3237386005
3/3/09 31.75 696.33 22.1807153045
3/4/09 31.97 712.87 22.7075761767
3/5/09 31.24 682.55 21.7417707568
3/6/09 31.23 683.38 21.7682093616
3/9/09 30.73 676.53 21.5500112374
3/10/09 31.95 719.6 22.921951852
3/11/09 31.48 721.36 22.9780144358
3/12/09 32.45 750.74 23.9138773393
3/13/09 32.79 756.55 24.0989475732
3/16/09 33.55 753.89 24.0142166227
3/17/09 34.06 778.12 24.7860327614
3/18/09 33.12 794.35 25.3030189739
3/19/09 33.4 784.04 24.9746069067
3/20/09 33.08 768.54 24.4808739249
3/23/09 34.58 822.92 26.2130803475
3/24/09 34.41 806.12 25.6779375027
3/25/09 34.61 813.88 25.925122531
3/26/09 34.61 832.86 26.5297065307
3/27/09 33.7 815.94 25.990741237
3/30/09 33.19 787.53 25.0857764619
3/31/09 33.06 797.87 25.4151441414
4/1/09 33.73 811.08 25.8359320569
4/2/09 34.34 834.38 26.5781242166
4/3/09 34.48 842.5 26.8367765916
4/6/09 33.97 835.48 26.6131633315
4/7/09 33.38 815.55 25.9783182781
4/8/09 33.69 825.16 26.2844327268
4/9/09 33.95 856.56 27.2846401867
4/13/09 33.83 858.73 27.3537628042
4/14/09 33.49 841.5 26.8049228508
4/15/09 34.16 852.06 27.1412983533
4/16/09 34.42 865.3 27.563041881
4/17/09 34.45 869.6 27.7000129662
4/20/09 34.06 832.39 26.5147352725
4/21/09 34.18 850.08 27.0782279466
4/22/09 33.55 843.55 26.8702230194
4/23/09 33.53 851.92 27.1368388296
4/24/09 33.38 866.23 27.5926658599
4/27/09 33.47 857.51 27.3149012404
4/28/09 33.61 855.16 27.2400449496
4/29/09 33.99 873.64 27.8287020789
4/30/09 34.42 872.81 27.8022634741
5/1/09 34.72 877.52 27.9522945931
5/4/09 35.15 907.24 28.8989877685
5/5/09 35.22 903.8 28.7894109003
5/6/09 35.1 919.53 29.2904702425
5/7/09 34.99 907.39 28.9037658296
5/8/09 35.47 929.23 29.5994515279
5/11/09 35.66 909.24 28.96269525
5/12/09 36.25 908.35 28.9343454208
5/13/09 35.68 883.92 28.1561585339
5/14/09 35.47 893.07 28.4476202619
5/15/09 35.14 882.88 28.1230306436
5/18/09 35.6 909.71 28.9776665082
5/19/09 35.68 908.13 28.9273375978
5/20/09 35.52 903.47 28.7788991658
5/21/09 35.39 888.33 28.2966335307
5/22/09 35.97 887 28.2542680555
5/26/09 36.27 910.33 28.9974158275
5/27/09 36.26 893.06 28.4473017245
5/28/09 36.16 906.83 28.8859277348
5/29/09 36.58 919.14 29.2780472836
6/1/09 37.11 942.87 30.0339365518
6/2/09 37.33 944.74 30.0935030471
6/3/09 36.88 931.76 29.680041492
6/4/09 36.56 942.46 30.0208765181
6/5/09 36.7 940.09 29.9453831525
6/8/09 36.61 939.14 29.9151220988
6/9/09 36.23 942.43 30.0199209059
6/10/09 35.95 939.15 29.9154406362
6/11/09 36.03 944.89 30.0982811082
6/12/09 36.32 946.21 30.140328046
6/15/09 35.59 923.72 29.4239374163
6/16/09 35.41 911.97 29.0496559623
6/17/09 36.07 910.71 29.009520249
6/18/09 36.67 918.37 29.2535199032
6/19/09 36.63 921.23 29.3446216018
6/22/09 35.7 893.04 28.4466646497
6/23/09 35.4 895.1 28.5122833557
6/24/09 35.34 900.94 28.6983092017
6/25/09 35.77 920.26 29.3137234732
6/26/09 35.72 918.9 29.2704023858
6/29/09 35.75 927.23 29.5357440463
6/30/09 35.7 919.32 29.2837809569
7/1/09 36.78 923.33 29.4115144574
7/2/09 35.8 896.42 28.5543302935
7/6/09 36.44 898.72 28.6275938972
7/7/09 35.83 881.03 28.0641012231
7/8/09 35.84 879.56 28.0172762242
7/9/09 35.55 882.68 28.1166598954
7/10/09 35.68 879.13 28.0035791157
7/13/09 36.23 901.05 28.7018131132
7/14/09 36.29 905.84 28.8543925314
7/15/09 36.86 932.68 29.7093469335
7/16/09 37.32 940.74 29.966088084
7/17/09 37.34 940.38 29.9546207373
7/20/09 37.32 951.13 30.2970484505
7/21/09 37.29 954.58 30.4069438562
7/22/09 37.65 954.07 30.3906984484
7/23/09 38.51 976.29 31.0984885681
7/24/09 38.56 979.26 31.1930941782
7/27/09 38.48 982.18 31.2861071012
7/28/09 38.56 979.62 31.2045615248
7/29/09 38.61 975.15 31.0621753036
7/30/09 38.7 986.75 31.4316786965
7/31/09 38.46 987.48 31.4549319272
8/3/09 38.27 1002.63 31.9375160998
8/4/09 38.4 1005.65 32.0337143969
8/5/09 38.06 1002.72 31.9403829364
8/6/09 37.79 997.08 31.7607278385
8/7/09 38.09 1010.48 32.1875679647
8/10/09 38.22 1007.1 32.079902321
8/11/09 38.1 994.35 31.6737671262
8/12/09 38.16 1005.81 32.0388109954
8/13/09 37.72 1012.73 32.2592388814
8/14/09 37.79 1004.09 31.9840225613
8/17/09 37.56 979.73 31.2080654363
8/18/09 37.52 989.67 31.5246916195
8/19/09 37.95 996.46 31.7409785193
8/20/09 38.71 1007.37 32.088502831
8/21/09 39.03 1026.13 32.6860790077
8/24/09 39.03 1025.57 32.6682409128
8/25/09 39.02 1028 32.7456455029
8/26/09 39 1028.12 32.7494679518
8/27/09 38.71 1030.98 32.8405696503
8/28/09 38.45 1028.93 32.7752694818
8/31/09 38.5 1020.62 32.5105648961
9/1/09 38.05 998.04 31.7913074297
9/2/09 37.79 994.75 31.6865086226
9/3/09 37.76 1003.24 31.9569468816
9/4/09 37.8 1016.4 32.37614211
9/8/09 39.72 1025.39 32.6625072395
9/9/09 39.85 1033.37 32.9167000908
9/10/09 39.92 1044.14 33.2597648788
9/11/09 39.83 1042.73 33.2148511043
9/14/09 39.9 1049.34 33.4254043307
9/15/09 39.72 1052.63 33.5302031378
9/16/09 39.95 1068.76 34.0440039763
9/17/09 39.92 1065.49 33.939842244
9/18/09 39.71 1068.3 34.0293512556
9/21/09 39.65 1064.66 33.9134036392
9/22/09 39.59 1071.66 34.1363798245
9/23/09 39.97 1060.87 33.7926779617
9/24/09 39.66 1050.78 33.4712737174
9/25/09 39.72 1044.38 33.2674097765
9/28/09 40.04 1062.98 33.8598893547
9/29/09 39.78 1060.61 33.7843959891
9/30/09 39.75 1057.08 33.6719522842
10/1/09 38.97 1029.85 32.8045749233
10/2/09 38.85 1025.21 32.6567735661
10/5/09 39.29 1040.46 33.1425431128
10/6/09 39.54 1054.72 33.596777456
10/7/09 39.5 1057.58 33.6878791546
10/8/09 39.73 1065.48 33.9395237066
10/9/09 39.74 1071.49 34.1309646886
10/12/09 40.17 1076.19 34.2806772702
10/13/09 40 1073.19 34.1851160479
10/14/09 40.17 1092.02 34.7849219864
10/15/09 40.57 1096.56 34.9295379695
10/16/09 40.66 1087.68 34.6466767515
10/19/09 41.08 1097.91 34.9725405195
10/20/09 41.03 1091.06 34.7543423953
10/21/09 41.04 1081.4 34.4466352595
10/22/09 41.09 1092.91 34.8132718157
10/23/09 40.46 1079.6 34.3892985262
10/26/09 40.38 1066.95 33.9863487055
10/27/09 40.36 1063.41 33.8735864632
10/28/09 40.07 1042.63 33.2116657302
10/29/09 40.73 1066.11 33.9595915633
10/30/09 40.24 1036.19 33.0065276397
11/2/09 40.32 1042.88 33.2196291654
11/3/09 39.97 1045.41 33.3002191295
11/4/09 40.45 1046.5 33.334939707
11/5/09 40.94 1066.63 33.9761555085
11/6/09 41 1069.3 34.0612049963
11/9/09 41.92 1093.08 34.8186869516
11/10/09 41.95 1093.01 34.8164571898
11/11/09 42.13 1098.51 34.991652764
11/12/09 41.74 1087.24 34.6326611056
11/13/09 41.86 1093.48 34.8314284479
11/16/09 42.24 1109.3 35.3353546268
11/17/09 42.34 1110.32 35.3678454424
11/18/09 42.48 1109.8 35.3512814972
11/19/09 42.01 1094.9 34.8766607598
11/20/09 42.23 1091.38 34.7645355923
11/23/09 43.17 1106.24 35.2378821801
11/24/09 43.23 1105.65 35.219088473
11/25/09 43.35 1110.63 35.377720102
11/27/09 42.42 1091.49 34.7680395038
11/30/09 42.45 1095.63 34.8999139906
12/1/09 43.13 1108.86 35.3213389809
12/2/09 43.4 1109.24 35.3334434023
12/3/09 43.16 1099.92 35.0365665384
12/4/09 43.36 1105.98 35.2296002075
12/7/09 43.34 1103.25 35.1426394952
12/8/09 42.92 1091.94 34.7823736872
12/9/09 42.85 1095.95 34.9101071876
12/10/09 42.7 1102.35 35.1139711285
12/11/09 42.91 1106.41 35.243297316
12/14/09 43.03 1114.11 35.4885711199
12/15/09 43.06 1107.93 35.2917150019
12/16/09 43.08 1109.18 35.3315321779
12/17/09 42.43 1096.08 34.9142481739
12/18/09 42.03 1102.47 35.1177935774
12/21/09 42.26 1114.05 35.4866598954
12/22/09 42.63 1118.02 35.6131192462
12/23/09 42.79 1120.59 35.69498336
12/24/09 43.01 1126.48 35.8826018931
12/28/09 43.12 1127.78 35.9240117561
12/29/09 43.11 1126.2 35.8736828457
12/30/09 43.23 1126.42 35.8806906686
12/31/09 42.76 1115.1 35.5201063232
1/4/10 42.84 1132.99 36.0899697454
1/5/10 42.62 1136.52 36.2024134503
1/6/10 42.63 1137.14 36.2221627696
1/7/10 42.57 1141.69 36.3670972901
1/8/10 42.41 1144.98 36.4718960972
1/11/10 42.4 1146.98 36.5356035787
1/12/10 42.46 1136.22 36.1928573281
1/13/10 42.97 1145.68 36.4941937157
1/14/10 43.01 1148.46 36.582747115
1/15/10 42.64 1136.03 36.1868051173
1/19/10 43.1 1150.23 36.6391282362
1/20/10 42.54 1138.04 36.2508311363
1/21/10 42.08 1116.48 35.5640644855
1/22/10 41.94 1091.76 34.7766400138
1/25/10 42.52 1096.78 34.9365457925
1/26/10 42.83 1092.17 34.7897000475
1/27/10 43.53 1097.5 34.9594804858
1/28/10 44.3 1084.53 34.5463374681
1/29/10 43.63 1073.87 34.2067765916
2/1/10 43.93 1089.19 34.6947759001
2/2/10 44.4 1103.32 35.144869257
2/3/10 44.02 1097.28 34.9524726628
2/4/10 42.86 1063.11 33.864030341
2/5/10 43.24 1066.19 33.9621398626
2/8/10 43.16 1056.74 33.6611220124
2/9/10 43.67 1070.52 34.1000665601
2/10/10 43.7 1068.13 34.0239361196
2/11/10 43.94 1078.47 34.3533037991
2/12/10 43.74 1075.51 34.2590167265
2/16/10 44.52 1094.87 34.8757051476
2/17/10 45.02 1099.51 35.0235065047
2/18/10 45.72 1106.75 35.2541275878
2/19/10 45.99 1109.17 35.3312136405
2/22/10 45.93 1108.01 35.2942633012
2/23/10 45.63 1094.6 34.8671046376
2/24/10 45.92 1105.24 35.2060284393
2/25/10 45.66 1102.94 35.1327648355
2/26/10 45.9 1104.49 35.1821381337
3/1/10 45.98 1115.71 35.5395371051
3/2/10 46.26 1118.31 35.622356831
3/3/10 46.18 1118.79 35.6376466266
3/4/10 46.15 1122.97 35.770795263
3/5/10 46.4 1138.7 36.2718546052
3/8/10 46.2 1138.5 36.265483857
3/9/10 46.28 1140.45 36.3275986515
3/10/10 46.36 1145.61 36.4919639538
3/11/10 46.38 1150.24 36.6394467736
3/12/10 46.41 1149.99 36.6314833384
3/15/10 46.75 1150.51 36.6480472836
3/16/10 47.32 1159.46 36.9331382634
3/17/10 47.57 1166.21 37.1481510135
3/18/10 47.5 1165.83 37.136046592
3/19/10 47.36 1159.9 36.9471539093
3/22/10 46.88 1165.81 37.1354095172
3/23/10 46.86 1174.17 37.40170679
3/24/10 47.21 1167.72 37.1962501621
3/25/10 46.44 1165.73 37.132861218
3/26/10 45.57 1166.59 37.160255435
3/29/10 45.64 1173.22 37.3714457363
3/30/10 45.75 1173.27 37.3730384233
3/31/10 45.61 1169.43 37.2507200588
4/1/10 45.85 1178.1 37.5268919912
4/5/10 45.75 1187.44 37.8244059299
4/6/10 45.85 1189.44 37.8881134114
4/7/10 45.84 1182.45 37.6654557635
4/8/10 45.58 1186.44 37.7925521891
4/9/10 45.87 1194.37 38.0451523534
4/12/10 45.99 1196.48 38.1123637464
4/13/10 46.02 1197.3 38.1384838138
4/14/10 46.22 1210.65 38.563731253
4/15/10 46.05 1211.67 38.5962220685
4/16/10 46.15 1192.13 37.9737999741
4/19/10 46.31 1197.52 38.1454916368
4/20/10 46.5 1207.17 38.4528802351
4/21/10 46.68 1205.94 38.413700134
4/22/10 46.63 1208.67 38.5006608463
4/23/10 46.45 1217.28 38.7749215542
4/26/10 46.39 1212.05 38.60832649
4/27/10 45.46 1183.71 37.7055914769
4/28/10 45.76 1191.36 37.9492725937
4/29/10 46.94 1206.78 38.4404572762
4/30/10 46.87 1186.69 37.8005156243
Data source: U.S. Federal Reserve.

Worksheet - Heinz WACC

H. J. HEINZ: ESTIMATING THE COST OF CAPITAL IN UNCERTAIN TIMES
WACC Calculation for Heinz
2009 2010
Weight of Debt
Shares outstanding (in millions)
Share price (dollars as of close April 30, end of fiscal year)
Market value equity
Short term
Long term (including current portion)
Book value of debt (in millions of dollars)
Scaled total (LTD scaled by price of LTD)
Weight of debt
Weight with scaled debt
Cost of Debt
Typical Standard & Poor’s bond rating Baa Baa
Yield on long-term debt (from bond terms)
Tax rate
Cost of Equity
Beta
MRP
Rf
Cost of equity
WACC
With book value of debt
With scaled book value of debt (market value) 6.52% 6.58%
YTM Calculation Based on Bond Future Cash Flows
Cash Flows: 0 0.5 1 1.5 2 2.5 3 3.5 4 4.5 5 5.5 6 6.5 7 7.5 8 8.5 9 9.5 10 10.5 11 11.5 12 12.5 13 13.5 14 14.5 15 15.5 16 16.5 17 17.5 18 18.5 19 19.5 20 20.5 21 21.5 22 22.5 23 23.5 24 24.5
2032 Issue Coupon 6.750%
YTM based on 2010 price -116.9000 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 103.3750
YTM based on 2009 price -91.4000 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 3.3750 103.3750

Worksheet - Comps WACC

H. J. HEINZ: ESTIMATING THE COST OF CAPITAL IN UNCERTAIN TIMES
WACC Calculation for Comparable Firms
Campbell Del
Kraft Soup Monte
Weight of Debt
Shares outstanding (in millions) 1,735 363 182
Share price (dollars as of close April 30, 2010) 29.90 35.64 15.11
Market value equity
Book value of debt (in millions of dollars) 18,990 2,624 1,290
Weight of debt
Cost of Debt
Typical Standard & Poor’s bond rating BBB− A BB
Representative yield on long-term debt 5.12% 4.36% 6.19%
Tax rate
Cost of Equity
Beta 0.65 0.55 0.7
MRP
Rf
Cost of equity
WACC