CAPM

Com 1 Com 2 Com 3 Com 4 Com 5 Com 6 Com 7 Com 8 Com 9 Com 10

Date NYA BAC NLY GE F PFE C JPM T RAD AA

8/1/2013 1646.06 14.15 10.66 23.85 16.12 28.46 49.33 51.83 33.79 3.40 7.94 7/1/2013 1685.73 14.60 11.92 24.37 16.88 29.23 52.13 55.73 35.27 3.00 7.92 6/3/2013 1606.28 12.86 12.57 23.19 15.38 27.78 47.96 52.41 34.96 2.86 7.79 5/1/2013 1630.74 13.65 13.16 23.14 15.59 27.01 51.98 54.19 34.55 2.94 8.47 4/1/2013 1597.57 12.30 15.45 22.11 13.53 28.60 46.64 48.66 36.99 2.65 8.44 3/1/2013 1569.19 12.17 15.40 22.94 12.98 28.39 44.22 46.82 35.80 1.90 8.46 2/1/2013 1514.68 11.22 14.59 23.04 12.44 26.92 41.95 48.26 35.04 1.64 8.46 1/2/2013 1498.11 11.30 14.01 21.92 12.78 26.84 42.14 46.42 33.95 1.60 8.75 12/3/2012 1426.19 11.59 13.23 20.65 12.69 24.46 39.53 43.08 32.47 1.36 8.59 11/1/2012 1416.18 9.83 13.44 20.60 11.22 24.40 34.55 40.25 32.88 1.01 8.32 10/1/2012 1412.16 9.30 14.74 20.54 10.93 24.04 37.36 40.84 33.32 1.16 8.48 9/4/2012 1440.67 8.81 15.38 22.15 9.61 24.02 32.69 39.37 35.90 1.17 8.74 8/1/2012 1406.58 7.96 15.35 20.04 9.11 23.06 29.68 36.13 34.89 1.19 8.44 7/2/2012 1379.32 7.31 15.46 20.08 8.96 23.02 27.10 35.02 36.11 1.16 8.32 6/1/2012 1362.16 8.15 14.88 20.17 9.30 22.03 27.37 34.47 33.54 1.40 8.60 5/1/2012 1310.33 7.32 14.27 18.32 10.24 20.94 26.48 31.98 32.14 1.30 8.40 4/2/2012 1397.91 8.07 14.01 18.79 10.94 21.72 32.99 41.46 30.95 1.45 9.53 3/1/2012 1408.47 9.52 13.58 19.26 12.05 21.48 36.49 44.07 28.96 1.74 9.81 2/1/2012 1365.68 7.93 13.78 18.28 11.95 20.04 33.27 37.61 28.37 1.54 9.96 1/3/2012 1312.41 7.08 13.96 17.80 11.99 20.08 30.66 35.75 27.28 1.39 9.92 12/1/2011 1257.6 5.52 13.23 17.03 10.35 20.31 26.26 31.64 27.64 1.26 8.45 11/1/2011 1246.96 5.40 12.88 14.99 10.19 18.84 27.43 29.47 26.49 1.22 9.78 10/3/2011 1253.3 6.77 13.50 15.74 11.23 17.90 31.52 33.07 26.79 1.16 10.48 9/1/2011 1131.42 6.07 13.33 14.34 9.30 16.43 25.56 28.41 25.67 0.98 9.32 8/1/2011 1218.89 8.10 14.02 15.22 10.69 17.64 30.98 35.43 25.64 1.10 12.46 7/1/2011 1292.28 9.62 12.98 16.71 11.74 17.69 38.25 38.15 26.34 1.30 14.31 6/1/2011 1320.64 10.85 13.95 17.60 13.26 18.93 41.54 38.38 27.89 1.33 15.41 5/2/2011 1345.2 11.63 13.54 18.18 14.35 19.71 41.05 40.54 28.02 1.05 16.33 4/1/2011 1363.61 12.15 13.32 18.93 14.88 19.08 45.77 42.78 27.63 1.11 16.49 3/1/2011 1325.83 13.19 13.03 18.56 14.34 18.48 44.08 42.98 26.80 1.06 17.13 2/1/2011 1327.22 14.13 12.93 19.36 14.47 17.51 46.67 43.53 24.85 1.31 16.34 1/3/2011 1286.12 13.58 12.85 18.51 15.34 16.41 48.07 41.90 24.09 1.28 16.04 12/1/2010 1257.64 13.19 12.92 16.81 16.15 15.77 47.17 39.51 25.35 0.88 14.90 11/1/2010 1180.55 10.82 12.66 14.44 15.33 14.68 41.88 34.83 23.98 0.94 12.71 10/1/2010 1183.26 11.31 12.30 14.61 13.59 15.53 41.59 35.05 24.61 0.91 12.69 9/1/2010 1141.2 12.94 12.25 14.82 11.77 15.31 38.99 35.40 24.33 0.94 11.70 8/2/2010 1049.33 12.30 11.65 13.11 10.86 14.18 37.00 33.82 22.99 0.87 9.87 7/1/2010 1101.6 13.86 11.66 14.59 12.28 13.22 40.89 37.47 22.06 0.99 10.76 6/1/2010 1030.71 14.18 11.49 13.05 9.69 12.57 37.50 34.01 20.22 0.98 9.69 5/3/2010 1089.41 15.53 10.93 14.71 11.28 13.43 39.49 36.76 20.31 1.15 11.22 4/1/2010 1186.69 17.59 10.92 16.96 12.52 14.59 43.58 39.55 21.78 1.48 12.91 3/1/2010 1169.43 17.61 11.07 16.37 12.09 14.96 40.39 41.52 21.26 1.50 13.69 2/1/2010 1104.49 16.42 11.41 14.45 11.29 15.31 33.91 38.94 20.41 1.52 12.78 1/4/2010 1073.87 14.97 10.79 14.37 10.43 16.13 33.11 36.13 20.86 1.36 12.21 12/1/2009 1115.1 14.85 10.77 13.52 9.62 15.72 33.01 38.62 22.72 1.51 15.46 11/2/2009 1095.63 15.62 10.97 14.23 8.55 15.70 40.99 39.38 21.83 1.28 12.01 10/1/2009 1036.19 14.36 10.08 12.66 6.73 14.58 40.79 38.71 20.80 1.29 11.88 9/1/2009 1057.08 16.67 10.81 14.58 6.93 14.17 48.27 40.56 21.56 1.64 12.55 8/3/2009 1020.62 17.32 9.97 12.27 7.31 14.30 49.86 40.23 20.79 1.54 11.53 7/1/2009 987.48 14.56 9.69 11.83 7.69 13.50 31.61 35.77 20.94 1.46 11.23 6/1/2009 919.32 13.00 8.71 10.35 5.84 12.71 29.62 31.53 19.49 1.51 9.86 5/1/2009 919.14 11.09 7.70 11.80 5.53 12.87 37.10 34.10 19.45 1.16 8.80

4/1/2009 872.81 8.79 7.78 11.08 5.75 11.20 30.42 30.50 20.11 0.90 8.63 3/2/2009 797.87 6.71 7.67 8.85 2.53 11.41 25.23 24.52 19.47 0.36 6.99 2/2/2009 735.09 3.88 7.42 7.45 1.92 10.32 14.96 21.08 18.37 0.28 5.93 1/2/2009 825.88 6.46 8.08 10.32 1.80 11.96 35.40 23.54 19.02 0.28 7.26 12/1/2008 903.25 13.81 8.47 13.78 2.20 14.53 66.76 28.74 21.70 0.31 10.49 11/3/2008 896.24 15.59 7.43 14.33 2.59 13.48 82.48 28.86 21.75 0.52 10.02 10/1/2008 968.75 23.18 7.19 16.28 2.11 14.28 135.80 37.60 20.38 0.49 10.57 9/2/2008 1166.36 33.57 6.96 21.28 5.00 14.87 201.52 42.24 20.93 0.84 20.75 8/1/2008 1282.83 29.29 7.45 23.14 4.29 15.41 186.59 34.81 23.98 1.21 29.53 7/1/2008 1267.38 30.94 7.50 23.30 4.62 14.81 183.64 36.75 23.10 1.28 30.85

Com 11 Com 12 Com 13 Com 14 Com 15 Com 16 Com 17 Com 18 Com 19 Com 20 Com 21 Com 22

CIM SID VALE ARR ABX JCP WFC GGB HK PBR PBRA AMD

2.92 3.69 15.22 3.78 19.23 13.22 42.49 7.10 4.76 14.13 14.90 3.60 2.98 2.82 13.72 4.39 16.97 14.60 43.20 6.31 5.48 13.64 14.34 3.77 3.00 2.70 13.15 4.56 15.74 17.08 40.99 5.68 5.67 13.41 14.66 4.08 2.96 3.07 14.40 4.92 21.12 17.58 40.27 6.08 5.28 17.77 18.64 4.00 3.20 3.89 17.09 6.12 19.50 16.42 37.43 7.80 6.54 19.15 19.97 2.82 3.09 4.17 17.29 6.10 29.09 15.11 36.45 7.66 7.79 16.57 18.15 2.55 2.81 4.71 18.99 6.17 29.92 17.57 34.57 8.26 7.10 14.67 16.73 2.49 2.88 5.06 20.17 6.55 31.38 20.33 34.32 8.77 7.64 18.28 18.09 2.60 2.46 5.41 20.96 5.83 34.42 19.71 33.44 8.92 6.92 19.47 19.31 2.40 2.50 4.43 17.43 6.23 33.95 17.94 32.30 8.43 6.18 17.97 17.55 2.20 2.43 4.99 18.32 6.32 39.59 24.01 32.75 8.73 6.47 21.21 20.53 2.05 2.47 5.16 17.34 6.65 40.82 24.29 33.57 9.44 7.33 22.94 22.07 3.37 2.24 4.42 15.86 6.39 37.65 26.08 33.08 8.86 7.68 21.14 20.58 3.72 1.91 4.75 17.48 6.47 31.97 22.51 32.66 8.99 6.60 19.63 19.03 4.06 2.08 5.20 19.23 5.93 36.53 23.31 32.30 8.66 9.44 18.77 18.14 5.73 2.38 5.94 17.74 5.74 37.98 26.23 30.96 7.86 9.41 19.56 18.90 6.08 2.46 7.74 21.50 5.65 39.11 36.06 32.07 9.25 10.89 23.31 21.93 7.36 2.41 8.21 22.04 5.39 42.06 35.23 32.76 9.48 9.38 26.29 25.29 8.02 2.52 8.87 23.75 5.55 46.18 39.38 29.94 10.24 10.99 29.40 28.05 7.35 2.49 8.91 23.90 5.58 47.51 41.32 27.83 9.31 10.95 30.10 27.50 6.71 2.06 7.10 20.26 5.37 43.64 34.75 26.26 7.66 9.39 24.27 22.92 5.40 2.10 7.20 21.96 5.35 51.00 31.67 24.64 7.53 3.03 26.36 24.46 5.69 2.37 8.12 24.00 5.28 47.59 31.71 24.57 8.76 2.46 26.15 24.45 5.83 2.18 6.89 21.05 4.94 44.85 26.28 22.87 6.93 2.28 21.74 20.03 5.08 2.28 8.72 26.07 5.35 48.79 26.14 24.75 8.39 3.06 28.13 25.76 6.83 2.32 9.22 29.31 5.09 45.63 30.19 26.38 8.80 2.97 32.63 29.45 7.34 2.60 10.82 28.87 5.09 43.44 33.70 26.49 10.15 3.75 32.53 29.40 6.99 2.83 12.36 29.15 5.20 45.81 34.57 26.78 10.65 4.80 33.27 29.95 8.68 2.94 13.10 30.18 4.98 48.80 37.52 27.37 11.62 6.18 35.45 31.56 9.10 2.87 13.70 29.78 4.99 49.66 34.85 29.82 12.02 6.24 38.40 33.61 8.60 3.02 13.37 30.56 4.79 50.53 33.93 30.26 12.95 5.25 37.65 33.08 9.21 2.94 14.02 31.10 4.99 45.35 31.12 30.37 12.71 5.07 34.72 31.28 7.83 2.88 13.70 30.70 4.91 50.76 31.16 29.03 13.42 5.52 35.76 32.14 8.18 2.69 12.86 28.14 4.48 49.30 32.09 25.49 11.15 5.22 30.45 27.33 7.29 2.76 13.88 28.54 4.41 45.80 30.07 24.36 12.39 4.29 31.87 28.96 7.34 2.66 14.53 27.49 4.21 44.08 26.04 23.49 12.93 4.65 33.88 30.48 7.11 2.53 12.70 23.52 4.13 44.53 19.14 22.02 12.75 4.95 31.15 27.45 5.61 2.49 13.80 24.44 3.71 39.04 23.59 25.88 13.83 5.70 33.79 29.37 7.49 2.32 12.08 21.41 3.64 43.13 20.38 23.89 12.45 6.21 31.86 27.48 7.32 2.43 12.40 23.90 4.06 39.97 26.08 26.78 12.72 5.10 33.07 28.55 8.57 2.51 14.85 26.92 4.44 40.97 27.67 30.85 15.42 5.61 39.11 34.72 9.07 2.40 15.90 28.10 4.44 36.07 30.34 29.00 15.33 4.38 40.79 35.98 9.27 2.36 13.02 24.32 3.51 35.43 26.01 25.48 13.87 4.62 39.09 34.89 7.91 2.31 11.60 22.52 3.56 32.76 23.41 26.45 12.65 4.92 37.18 32.79 7.46 2.29 12.71 25.34 4.26 37.05 24.91 25.11 15.92 6.15 43.70 38.52 9.68 2.28 13.43 25.03 3.93 40.16 26.90 26.08 15.05 4.68 46.77 40.72 7.01 1.98 12.99 22.25 4.95 33.65 31.01 25.55 14.04 4.26 42.16 36.26 4.60 2.16 11.99 20.01 5.12 35.49 31.41 26.17 12.50 3.63 41.66 35.33 5.66 2.09 10.22 16.62 5.09 32.49 27.96 25.55 10.93 2.22 35.98 29.83 4.36 1.96 10.03 17.07 5.07 32.68 28.06 22.67 10.85 2.22 37.43 30.28 3.66 1.92 8.76 15.25 5.04 31.42 26.52 22.48 9.74 2.40 36.87 29.65 3.87 1.92 9.61 16.57 5.00 35.66 24.10 23.63 9.67 2.94 39.61 31.08 4.54

1.89 7.13 14.29 4.98 27.10 28.35 18.51 6.60 2.25 30.20 23.98 3.61 1.77 5.71 11.34 4.93 30.20 18.37 13.17 5.09 2.19 27.18 21.55 3.05 1.57 4.80 10.99 4.92 28.13 14.03 11.19 4.85 1.50 24.74 19.68 2.18 1.74 5.49 12.03 4.83 34.92 15.33 17.16 5.91 2.70 23.37 19.05 2.19 1.82 4.65 10.32 4.73 34.25 17.87 26.76 6.12 2.64 21.85 17.95 2.16 1.55 4.19 10.18 4.73 27.44 17.23 26.23 6.04 3.42 18.02 14.99 2.36 1.50 4.94 11.18 4.64 21.03 21.70 30.61 5.86 3.69 23.14 18.60 3.50 3.23 7.72 15.97 4.74 33.98 30.03 33.74 10.15 8.67 37.82 31.54 5.25 3.21 12.61 22.14 4.85 32.12 35.11 27.21 17.10 13.71 45.39 36.22 6.29 3.89 14.18 25.04 4.85 39.16 27.77 26.92 19.64 13.98 48.11 38.64 4.21

Com 23 Com 24 Com 25 Com 26 Com 27 Com 28 Com 29 Com 30

RF CHK PHM ORCL KGC HAL ACI AIG

9.68 24.77 15.65 32.06 5.71 46.65 4.27 46.32 10.01 23.30 16.58 32.35 5.23 45.19 3.90 45.51 9.53 20.30 18.91 30.59 5.10 41.72 3.78 44.70 9.10 21.75 21.53 33.65 6.41 41.72 5.16 44.46 8.46 19.46 20.93 32.66 5.44 42.64 4.82 41.42 8.16 20.24 20.18 32.21 7.93 40.29 5.40 38.82 7.62 19.99 19.12 34.11 7.54 41.26 5.20 38.01 7.75 20.01 20.68 35.37 8.15 40.43 7.04 37.83 7.10 16.40 18.11 33.19 9.62 34.48 7.24 35.30 6.63 16.80 16.76 31.88 9.98 33.06 6.65 33.13 6.48 19.99 17.29 30.79 9.89 32.01 7.83 34.93 7.16 18.53 15.45 31.10 10.11 33.39 6.23 32.79 6.91 19.00 13.64 31.29 8.74 32.47 6.01 34.33 6.91 18.48 11.27 29.86 8.16 32.75 7.06 31.27 6.70 18.18 10.67 29.30 8.01 28.06 6.75 32.09 6.23 16.52 9.33 26.12 7.83 29.63 6.21 29.18 6.68 18.03 9.81 29.01 8.79 33.73 9.52 34.03 6.53 22.55 8.82 28.71 9.62 32.71 10.45 30.83 5.70 24.33 8.79 28.81 10.80 35.97 13.13 29.22 5.16 20.57 7.43 27.78 11.00 36.16 13.96 25.11 4.25 21.61 6.29 25.20 11.11 33.93 14.04 23.20 4.06 24.57 6.09 30.80 13.61 36.18 15.86 23.31 3.88 27.26 5.16 32.20 13.98 36.63 17.49 24.69 3.29 24.77 3.94 28.18 14.40 29.92 14.00 21.95 4.47 31.30 4.79 27.52 16.79 43.50 19.50 25.33 5.99 33.19 6.85 29.98 15.87 53.55 24.45 28.70 6.10 28.69 7.64 32.21 15.34 49.90 25.46 29.32 6.94 30.19 8.41 33.49 15.27 49.07 28.54 28.50 7.21 32.44 8.11 35.20 15.38 49.30 32.63 31.15 7.14 32.29 7.38 32.66 15.30 48.68 34.29 35.14 7.50 34.23 6.88 32.14 15.35 45.84 31.90 37.06 6.97 28.38 7.87 31.29 16.11 43.87 32.48 40.35 6.87 24.91 7.50 30.53 18.35 39.80 33.25 48.28 5.27 20.24 6.24 26.39 16.87 36.80 27.69 34.60 6.17 20.78 7.83 28.66 17.38 30.98 23.24 35.20 7.12 21.71 8.73 26.14 18.19 32.16 25.25 32.76 6.29 19.75 8.02 21.27 16.38 27.43 21.27 28.43 7.17 20.09 8.75 23.02 15.82 28.97 22.29 32.23 6.44 20.01 8.26 20.85 16.49 23.80 18.64 28.86 7.46 21.27 11.11 21.93 16.61 24.07 20.28 29.65 8.64 22.66 13.05 25.13 18.31 29.61 25.28 32.59 7.67 22.50 11.22 24.93 16.49 29.11 21.40 28.61 6.59 25.21 10.80 23.90 17.44 29.13 21.06 20.75 6.20 23.51 10.49 22.36 15.65 28.14 19.65 20.30 5.16 24.56 9.97 23.74 17.71 28.98 20.75 25.12 5.71 22.63 9.11 21.37 19.27 28.19 19.45 23.80 4.71 23.18 8.98 20.42 17.88 28.05 20.11 28.17 6.05 26.87 10.96 20.12 20.88 26.04 20.55 36.96 5.70 21.55 12.74 21.12 18.19 22.77 16.08 37.98 4.30 20.23 11.34 21.37 18.86 21.13 16.08 11.01 3.93 18.71 8.80 20.63 17.43 19.80 14.20 19.44 4.06 21.30 8.77 18.87 19.41 21.94 17.12 28.32

4.36 18.53 11.48 18.63 14.83 19.27 12.84 23.13 4.13 16.04 10.90 17.36 17.16 14.74 12.29 16.76 3.23 14.64 9.15 14.93 15.12 15.54 12.77 7.04 3.27 14.80 10.12 16.17 16.94 16.35 13.87 21.45 7.52 15.14 10.90 17.03 17.65 17.23 14.88 26.31 9.52 16.01 10.58 15.46 14.13 16.59 14.05 33.68 10.36 20.47 11.07 17.57 9.99 18.66 19.43 32.01 8.97 33.41 13.88 19.51 15.44 30.54 29.84 55.80 8.59 45.01 14.38 21.07 15.72 41.43 49.22 356.52 8.78 46.64 12.10 20.68 17.34 42.17 51.01 432.18

Com 1 Com 2 Com 3 Date Treasury bond rate NYSE Composite Index BAC NLY GE

8/1/2013 1.4 -2.35% -3.08% -10.57% -2.13% 7/1/2013 1.2 4.95% 13.53% -5.17% 5.09% 6/3/2013 0.84 -1.50% -5.79% -4.48% 0.22% 5/1/2013 0.71 2.08% 10.98% -14.82% 4.66% 4/1/2013 0.82 1.81% 1.07% 0.32% -3.62% 3/1/2013 0.85 3.60% 8.47% 5.55% -0.43% 2/1/2013 0.81 1.11% -0.71% 4.14% 5.11% 1/2/2013 0.7 5.04% -2.50% 5.90% 6.15% 12/3/2012 0.67 0.71% 17.90% -1.56% 0.24% 11/1/2012 0.71 0.28% 5.70% -8.82% 0.29% 10/1/2012 0.67 -1.98% 5.56% -4.16% -7.27% 9/4/2012 0.71 2.42% 10.68% 0.20% 10.53% 8/1/2012 0.62 1.98% 8.89% -0.71% -0.20% 7/2/2012 0.71 1.26% -10.31% 3.90% -0.45% 6/1/2012 0.76 3.96% 11.34% 4.27% 10.10% 5/1/2012 0.89 -6.27% -9.29% 1.86% -2.50% 4/2/2012 1.02 -0.75% -15.23% 3.17% -2.44% 3/1/2012 0.83 3.13% 20.05% -1.45% 5.36% 2/1/2012 0.84 4.06% 12.01% -1.29% 2.70% 1/3/2012 0.89 4.36% 28.26% 5.52% 4.52% 12/1/2011 0.91 0.85% 2.22% 2.72% 13.61% 11/1/2011 1.06 -0.51% -20.24% -4.59% -4.76% 10/3/2011 0.9 10.77% 11.53% 1.28% 9.76% 9/1/2011 1.02 -7.18% -25.06% -4.92% -5.78% 8/1/2011 1.54 -5.68% -15.80% 8.01% -8.92% 7/1/2011 1.58 -2.15% -11.34% -6.95% -5.06% 6/1/2011 1.84 -1.83% -6.71% 3.03% -3.19% 5/2/2011 2.17 -1.35% -4.28% 1.65% -3.96% 4/1/2011 2.11 2.85% -7.88% 2.23% 1.99% 3/1/2011 2.26 -0.10% -6.65% 0.77% -4.13% 2/1/2011 1.99 3.20% 4.05% 0.62% 4.59% 1/3/2011 1.93 2.26% 2.96% -0.54% 10.11% 12/1/2010 1.35 6.53% 21.90% 2.05% 16.41% 11/1/2010 1.18 -0.23% -4.33% 2.93% -1.16% 10/1/2010 1.41 3.69% -12.60% 0.41% -1.42% 9/1/2010 1.47 8.76% 5.20% 5.15% 13.04% 8/2/2010 1.76 -4.74% -11.26% -0.09% -10.14% 7/1/2010 2 6.88% -2.26% 1.48% 11.80% 6/1/2010 2.18 -5.39% -8.69% 5.12% -11.28% 5/3/2010 2.58 -8.20% -11.71% 0.09% -13.27% 4/1/2010 2.43 1.48% -0.11% -1.36% 3.60% 3/1/2010 2.36 5.88% 7.25% -2.98% 13.29% 2/1/2010 2.48 2.85% 9.69% 5.75% 0.56% 1/4/2010 2.34 -3.70% 0.81% 0.19% 6.29%

12/1/2009 2.23 1.78% -4.93% -1.82% -4.99% 11/2/2009 2.33 5.74% 8.77% 8.83% 12.40% 10/1/2009 2.37 -1.98% -13.86% -6.75% -13.17% 9/1/2009 2.57 3.57% -3.75% 8.43% 18.83% 8/3/2009 2.46 3.36% 18.96% 2.89% 3.72% 7/1/2009 2.71 7.41% 12.00% 11.25% 14.30% 6/1/2009 2.13 0.02% 17.22% 13.12% -12.29% 5/1/2009 1.86 5.31% 26.17% -1.03% 6.50% 4/1/2009 1.82 9.39% 31.00% 1.43% 25.20% 3/2/2009 1.87 8.54% 72.94% 3.37% 18.79% 2/2/2009 1.6 -10.99% -39.94% -8.17% -27.81% 1/2/2009 1.52 -8.57% -53.22% -4.60% -25.11% 12/1/2008 2.29 0.78% -11.42% 14.00% -3.84% 11/3/2008 2.73 -7.48% -32.74% 3.34% -11.98% 10/1/2008 2.88 -16.94% -30.95% 3.30% -23.50% 9/2/2008 3.14 -9.08% 14.61% -6.58% -8.04% 8/1/2008 3.3 1.22% -5.33% -0.67% -0.69%

Average (Yearly adjusted) 1.63 6.87% 5.85% 8.69% 7.13%

Variance 0.034523 0.002957 0.01093

Covariance 0.006842 0.000716 0.004714

Beta 0.20 0.24 0.43

Average 1.63

Actual Return (yearly) 5.85% 8.69% 7.13%

Expected return (Yeraly) 2.67% 2.90% 3.89%

Risk free rate (Rf) 1.63%

Market Return (Rm) 6.87%

Actual Return (yearly) 5.85% 8.69% 7.13%

Com 4 Com 5 Com 6 Com 7 Com 8 Com 9 Com 10 Com 11 Com 12 Com 13

F PFE C JPM T RAD AA CIM SID VALE

-4.50% -2.63% -5.37% -7.00% -4.20% 13.33% 0.25% -2.01% 30.85% 10.93% 9.75% 5.22% 8.69% 6.33% 0.89% 4.90% 1.67% -0.67% 4.44% 4.33% -1.35% 2.85% -7.73% -3.28% 1.19% -2.72% -8.03% 1.35% -12.05% -8.68% 15.23% -5.56% 11.45% 11.36% -6.60% 10.94% 0.36% -7.50% -21.08% -15.74% 4.24% 0.74% 5.47% 3.93% 3.32% 39.47% -0.24% 3.56% -6.71% -1.16% 4.34% 5.46% 5.41% -2.98% 2.17% 15.85% 0.00% 9.96% -11.46% -8.95% -2.66% 0.30% -0.45% 3.96% 3.21% 2.50% -3.31% -2.43% -6.92% -5.85% 0.71% 9.73% 6.60% 7.75% 4.56% 17.65% 1.86% 17.07% -6.47% -3.77% 13.10% 0.25% 14.41% 7.03% -1.25% 34.65% 3.25% -1.60% 22.12% 20.25% 2.65% 1.50% -7.52% -1.44% -1.32% -12.93% -1.89% 2.88% -11.22% -4.86% 13.74% 0.08% 14.29% 3.73% -7.19% -0.85% -2.97% -1.62% -3.29% 5.65% 5.49% 4.16% 10.14% 8.97% 2.89% -1.68% 3.55% 10.27% 16.74% 9.33% 1.67% 0.17% 9.52% 3.17% -3.38% 2.59% 1.44% 17.28% -6.95% -9.27% -3.66% 4.49% -0.99% 1.60% 7.66% -17.14% -3.26% -8.17% -8.65% -9.10% -9.18% 5.21% 3.36% 7.79% 4.36% 7.69% 2.38% -12.61% -12.46% 8.40% -6.40% -3.59% -19.73% -22.87% 3.84% -10.34% -11.86% -3.25% -23.26% -17.49% -9.21% 1.12% -9.59% -5.92% 6.87% -16.67% -2.85% 2.07% -5.72% -2.45% 0.84% 7.19% 9.68% 17.18% 2.08% 12.99% -1.51% -4.37% -7.44% -7.20% -0.33% -0.20% 8.51% 5.20% 4.00% 10.79% 0.40% 1.20% -0.45% -0.63% 15.85% -1.13% 16.76% 12.99% -1.30% 10.32% 17.40% 20.87% 25.49% 17.97% 1.57% 7.80% -4.27% 7.36% 4.34% 3.28% -13.60% -1.90% -1.39% -7.74% -9.26% 5.25% -12.98% -10.89% -1.12% 5.17% -6.68% -11.39% -11.33% -8.50% 20.75% 8.95% 23.32% 16.40% 4.36% 18.37% 12.45% 8.72% 17.85% 14.01% -13.00% -6.86% -17.50% -19.81% 0.12% -10.91% -25.20% -4.39% -20.99% -19.26% -8.94% -0.28% -19.01% -7.13% -2.66% -15.38% -12.93% -1.72% -5.42% -11.05% -11.46% -6.55% -7.92% -0.60% -5.56% -2.26% -7.14% -10.77% -14.79% 1.52% -7.60% -3.96% 1.19% -5.33% -0.46% 26.67% -5.63% -8.13% -12.46% -0.96% -3.56% 3.30% -10.31% -5.24% 1.41% -5.41% -0.97% -3.74% -5.65% -3.41% 3.77% 3.25% 3.83% -0.47% 3.10% 4.72% -3.74% 2.44% -4.38% 1.34% -0.90% 5.54% -5.55% -1.26% 7.85% -19.08% 4.83% -4.97% 2.47% -2.55% -5.67% 6.70% -2.91% 3.89% 3.15% 2.34% 1.87% 2.72% -4.64% -1.74% -5.02% 4.06% 1.91% 6.05% -4.97% 45.45% 7.65% 2.08% 2.34% 1.30% 5.35% 7.43% 12.63% 13.44% 5.71% -6.38% 17.23% 7.06% 6.53% 9.10% 12.80% -5.47% 0.70% -0.63% -2.56% 3.30% 0.16% -2.54% -7.35% -1.40% 15.46% 1.44% 6.67% -0.99% 1.15% -3.19% 8.46% 3.76% -4.47% 3.82% 8.38% 7.97% 5.38% 4.67% 5.83% 8.05% 18.54% 5.14% 14.41% 16.88% -11.56% 7.26% -9.51% -9.74% 4.22% -12.12% -8.27% 1.61% -7.97% -3.76% 26.73% 5.17% 9.04% 10.17% 9.10% 1.02% 11.04% 7.33% 14.24% 14.15% -14.10% -6.40% -5.04% -7.48% -0.44% -14.78% -13.64% -4.53% -2.58% -10.42% -9.90% -7.95% -9.39% -7.05% -6.75% -22.30% -13.09% -3.19% -16.50% -11.22% 3.56% -2.47% 7.90% -4.74% 2.45% -1.33% -5.70% 4.58% -6.60% -4.20% 7.09% -2.29% 19.11% 6.63% 4.16% -1.32% 7.12% 1.69% 22.12% 15.54% 8.25% -5.08% 2.42% 7.78% -2.16% 11.76% 4.67% 2.16% 12.24% 7.99% 8.42% 2.61% 0.30% -6.45% -8.19% -9.93% -21.02% 0.87% -8.73% -11.13%

12.51% 0.13% -19.47% -1.93% 4.08% 17.97% 28.73% 0.44% -5.36% 1.24% 27.04% 7.68% 0.49% 1.73% 4.95% -0.78% 1.09% 15.15% 3.39% 12.49% -2.89% 2.89% -15.50% -4.56% -3.53% -21.34% -5.34% -8.33% 8.34% 11.19% -5.20% -0.91% -3.19% 0.82% 3.70% 6.49% 8.85% 3.35% 17.32% 20.40% -4.94% 5.93% 57.73% 12.47% -0.72% 5.48% 2.67% 6.63% 1.89% -2.64% 31.68% 6.22% 6.72% 13.45% 7.44% -3.31% 13.89% 2.08% 14.50% 11.93% 5.61% -1.24% -20.16% -7.54% 0.21% 30.17% 12.05% 0.00% -8.84% -7.97% -3.83% 14.91% 21.96% 11.80% -3.28% 28.89% 1.97% 1.59% 34.78% 15.96% 127.27% -1.84% 20.57% 24.39% 3.29% 150.00% 23.46% 6.78% 24.87% 26.01% 31.77% 10.56% 68.65% 16.32% 5.99% 28.57% 17.88% 12.74% 18.96% 3.18% 6.67% -13.71% -57.74% -10.45% -3.42% 0.00% -18.32% -9.77% -12.57% -8.65% -18.18% -17.69% -46.97% -18.09% -12.35% -9.68% -30.79% -4.40% 18.06% 16.57% -15.06% 7.79% -19.06% -0.42% -0.23% -40.38% 4.69% 17.42% 10.98% 1.38% 22.75% -5.60% -39.26% -23.24% 6.72% 6.12% -5.20% 3.33% -15.18% -8.94% -57.80% -3.97% -32.61% -10.98% -2.63% -41.67% -49.06% -53.56% -36.01% -29.99% 16.55% -3.50% 8.00% 21.34% -12.72% -30.58% -29.73% 0.62% -38.78% -27.87% -7.14% 4.05% 1.61% -5.28% 3.81% -5.47% -4.28% -17.48% -11.07% -11.58% 46.87% 15.04% -1.04% 12.97% 8.89% 48.70% -14.63% 2.32% -12.25% -1.42% 0.045365 0.003535 0.038645 0.010333 0.002312 0.065851 0.01745 0.010734 0.023135 0.013823 0.006003 0.002029 0.007338 0.003779 0.001335 0.006783 0.005977 0.003294 0.004892 0.004049 0.13 0.57 0.19 0.37 0.58 0.10 0.34 0.31 0.21 0.29 46.87% 15.04% -1.04% 12.97% 8.89% 48.70% -14.63% 2.32% -12.25% -1.42% 2.32% 4.64% 2.62% 3.54% 4.65% 2.17% 3.42% 3.24% 2.74% 3.16% 46.87% 15.04% -1.04% 12.97% 8.89% 48.70% -14.63% 2.32% -12.25% -1.42% 2.32% 4.64% 2.62% 3.54% 4.65% 2.17% 3.42% 3.24% 2.74% 3.16%

Com 14 Com 15 Com 16 Com 17 Com 18 Com 19 Com 20 Com 21 Com 22 Com 23

ARR ABX JCP WFC GGB HK PBR PBRA AMD RF

-13.90% 13.32% -9.45% -1.64% 12.52% -13.14% 3.59% 3.91% -4.51% -3.30% -3.73% 7.81% -14.52% 5.39% 11.09% -3.35% 1.72% -2.18% -7.60% 5.04% -7.32% -25.47% -2.84% 1.79% -6.58% 7.39% -24.54% -21.35% 2.00% 4.73% -19.61% 8.31% 7.06% 7.59% -22.05% -19.27% -7.21% -6.66% 41.84% 7.57% 0.33% -32.97% 8.67% 2.69% 1.83% -16.05% 15.57% 10.03% 10.59% 3.68% -1.13% -2.77% -14.00% 5.44% -7.26% 9.72% 12.95% 8.49% 2.41% 7.09% -5.80% -4.65% -13.58% 0.73% -5.82% -7.07% -19.75% -7.52% -4.23% -1.68% 12.35% -8.83% 3.15% 2.63% -1.68% 10.40% -6.11% -6.32% 8.33% 9.15% -6.42% 1.38% 9.87% 3.53% 5.81% 11.97% 8.35% 10.03% 9.09% 7.09% -1.42% -14.25% -25.28% -1.37% -3.44% -4.48% -15.28% -14.52% 7.32% 2.31% -4.96% -3.01% -1.15% -2.44% -7.52% -11.73% -7.54% -6.98% -39.17% -9.50% 4.07% 8.42% -6.86% 1.48% 6.55% -4.56% 8.51% 7.24% -9.41% 3.62% -1.24% 17.77% 15.86% 1.29% -1.45% 16.36% 7.69% 8.15% -8.37% 0.00% 9.11% -12.48% -3.43% 1.11% 3.81% -30.08% 4.58% 4.91% -29.14% 3.13% 3.31% -3.82% -11.13% 4.33% 10.18% 0.32% -4.04% -4.02% -5.76% 7.54% 1.59% -2.89% -27.26% -3.46% -15.03% -13.59% -16.09% -13.82% -17.39% -6.74% 4.82% -7.01% 2.36% -2.11% -2.43% 16.10% -11.34% -13.29% -8.23% 2.30% -2.88% -8.92% -10.54% 9.42% -7.42% -14.65% -10.58% -9.84% 9.12% 14.56% -0.54% -2.80% -4.70% 7.58% 9.99% 0.37% -2.33% 2.00% 9.54% 10.47% 3.91% 8.87% 18.91% 5.98% 21.54% 16.61% 24.02% 19.98% 24.26% 21.41% 0.37% -14.43% 9.73% 6.57% 1.73% 209.90% -7.93% -6.30% -5.10% 4.68% 1.33% 7.17% -0.13% 0.28% -14.04% 23.17% 0.80% 0.04% -2.40% 4.64% 6.88% 6.11% 20.66% 7.43% 26.41% 7.89% 20.29% 22.07% 14.76% 17.93% -7.66% -8.08% 0.54% -7.60% -17.40% -25.49% -22.72% -22.24% -25.62% -26.40% 5.11% 6.93% -13.42% -6.18% -4.66% 3.03% -13.79% -12.53% -6.95% -25.38% 0.00% 5.04% -10.42% -0.42% -13.30% -20.80% 0.31% 0.17% 5.01% -1.80% -2.12% -5.17% -2.52% -1.08% -4.69% -21.88% -2.22% -1.84% -19.47% -12.10% 4.42% -6.13% -7.86% -2.16% -8.35% -22.33% -6.15% -5.10% -4.62% -3.74% -0.20% -1.73% 7.66% -8.22% -3.33% -0.96% -7.68% -6.10% 5.81% 0.98% 4.18% -1.72% 2.71% -1.45% -7.18% 18.86% 1.99% 1.60% -6.62% -4.80% -4.01% 11.42% 9.03% -0.36% 1.89% 3.55% 8.44% 5.75% 17.62% 7.60% 1.63% -10.66% -0.13% 4.62% -5.29% -8.15% -2.91% -2.68% -4.28% 1.46% 9.60% 2.96% -2.90% 13.89% 20.36% 5.75% 17.44% 17.60% 12.21% 30.36% 1.59% 7.64% 6.72% 4.64% -10.01% 21.68% -4.46% -5.63% -0.68% -14.59% 4.75% 3.90% 15.48% 3.70% -4.18% -7.74% -5.93% -4.99% 3.23% -13.34% 1.94% -1.01% 36.05% 6.68% 1.41% -6.06% 8.76% 11.04% 26.74% 13.20% 11.32% 14.06% -18.86% -14.91% -7.81% -13.16% -7.81% -6.54% -25.10% -12.27% 1.92% -9.48% 15.75% 8.33% 11.08% -8.21% 6.06% 6.88% 2.32% 11.34% -10.34% 7.91% -21.86% -10.79% -2.12% 21.76% -3.66% -3.75% -14.59% -13.67% -8.56% -2.44% -5.75% -13.19% -17.51% -9.09% -15.44% -17.77% -5.51% -13.66% 0.00% 13.58% -8.80% 6.38% 0.59% 28.08% -4.12% -3.50% -2.16% 12.65% 26.50% 1.81% 16.65% 13.81% 10.53% -5.19% 4.35% 3.12% 17.19% 16.39% -1.40% 8.15% 11.11% -3.67% 9.64% -6.10% 5.14% 6.40% 6.03% 6.29% -16.43% -11.58% -6.02% 5.34% -20.54% -20.00% -14.92% -14.88% -22.93% 20.16%

8.40% -7.74% -7.40% -3.72% 5.78% 31.41% -6.56% -5.40% 38.09% -9.63% -20.61% 19.35% -13.25% 2.07% 7.19% 9.86% 10.93% 12.30% 52.39% 21.23% -3.32% -5.18% -1.27% -2.37% 12.32% 17.36% 1.20% 2.63% -18.73% -22.15% 0.59% 9.23% 12.34% 2.43% 14.36% 63.51% 15.79% 18.44% 29.82% 6.14% 0.39% -0.58% -0.36% 12.70% 0.74% 0.00% -3.87% -1.49% 19.13% 32.56% 0.60% 4.01% 5.81% 0.85% 11.40% -7.50% 1.52% 2.12% -5.43% 9.41% 0.80% -11.89% 10.04% -4.87% 0.72% -18.37% -6.92% -4.60% -14.76% -3.20% 0.40% 31.59% -14.99% 27.66% 46.52% 30.67% 31.16% 29.61% 25.76% -6.88% 1.01% -10.26% 54.33% 40.55% 29.67% 2.74% 11.11% 11.28% 18.36% 5.57% 0.20% 7.36% 30.93% 17.69% 4.95% 46.00% 9.86% 9.50% 39.91% 27.86% 1.86% -19.44% -8.48% -34.79% -17.94% -44.44% 5.86% 3.31% -0.46% -1.22% 2.11% 1.96% -14.21% -35.87% -3.43% 2.27% 6.96% 6.13% 1.39% -56.52% 0.00% 24.82% 3.71% 2.02% 1.32% -22.81% 21.25% 19.75% -8.47% -21.01% 1.94% 30.48% -20.60% -14.31% 3.07% -7.32% -22.13% -19.41% -32.57% -8.11% -2.11% -38.11% -27.74% -9.28% -42.27% -57.44% -38.82% -41.03% -33.33% 15.50% -2.27% 5.79% -14.47% 24.00% -40.64% -36.76% -16.68% -12.92% -16.53% 4.42% 0.00% -17.98% 26.43% 1.08% -12.93% -1.93% -5.65% -6.26% 49.41% -2.16% -1.70% -3.22% -0.91% 17.20% -6.55% 24.99% -13.56% -9.24% 19.59% 16.96% 0.005321 0.017193 0.024206 0.013302 0.021387 0.115302 0.016647 0.014956 0.039541 0.022034 0.000802 0.001522 0.005084 0.003903 0.00551 0.005335 0.004269 0.004302 0.006317 0.004059 0.15 0.09 0.21 0.29 0.26 0.05 0.26 0.29 0.16 0.18 -1.70% -3.22% -0.91% 17.20% -6.55% 24.99% -13.56% -9.24% 19.59% 16.96% 2.42% 2.09% 2.73% 3.17% 2.98% 1.87% 2.97% 3.14% 2.47% 2.59% -1.70% -3.22% -0.91% 17.20% -6.55% 24.99% -13.56% -9.24% 19.59% 16.96% 2.42% 2.09% 2.73% 3.17% 2.98% 1.87% 2.97% 3.14% 2.47% 2.59%

Com 24 Com 25 Com 26 Com 27 Com 28 Com 29 Com 30

CHK PHM ORCL KGC HAL ACI AIG

6.31% -5.61% -0.90% 9.18% 3.23% 9.49% 1.78% 14.78% -12.32% 5.75% 2.55% 8.32% 3.17% 1.81% -6.67% -12.17% -9.09% -20.44% 0.00% -26.74% 0.54% 11.77% 2.87% 3.03% 17.83% -2.16% 7.05% 7.34% -3.85% 3.72% 1.40% -31.40% 5.83% -10.74% 6.70% 1.25% 5.54% -5.57% 5.17% -2.35% 3.85% 2.13% -0.10% -7.54% -3.56% -7.48% 2.05% -26.14% 0.48% 22.01% 14.19% 6.57% -15.28% 17.26% -2.76% 7.17% -2.38% 8.05% 4.11% -3.61% 4.30% 8.87% 6.55% -15.96% -3.07% 3.54% 0.91% 3.28% -15.07% -5.15% 7.88% 11.91% -1.00% -2.18% -4.13% 25.68% 6.53% -2.47% 13.27% -0.61% 15.68% 2.83% 3.66% -4.49% 2.81% 21.03% 4.79% 7.11% -0.85% -14.87% 9.79% 1.65% 5.62% 1.91% 1.87% 16.71% 4.59% -2.56% 10.05% 14.36% 12.17% 2.30% -5.30% 8.70% 9.97% -8.37% -4.89% -9.96% -10.92% -12.16% -34.77% -14.25% -20.04% 11.22% 1.04% -8.63% 3.12% -8.90% 10.38% -7.32% 0.34% -0.35% -10.93% -9.06% -20.41% 5.51% 18.28% 18.30% 3.71% -1.82% -0.53% -5.95% 16.37% -4.81% 18.12% 10.24% -0.99% 6.57% -0.57% 8.23% -12.05% 3.28% -18.18% -18.37% -6.22% -11.48% -0.47% -9.87% 18.02% -4.35% -2.65% -1.23% -9.32% -5.59% 10.05% 30.96% 14.27% -2.92% 22.43% 24.93% 12.48% -20.86% -17.75% 2.40% -14.23% -31.22% -28.21% -13.34% -5.69% -30.07% -8.21% 5.80% -18.77% -20.25% -11.74% 15.68% -10.34% -6.92% 3.46% 7.31% -3.97% -2.11% -4.97% -9.16% -3.82% 0.46% 1.69% -10.79% 2.88% -6.94% 3.70% -4.86% -0.72% -0.47% -12.53% -8.51% 0.46% 9.89% 7.78% 0.52% 1.27% -4.84% -11.35% -5.67% 7.27% 1.62% -0.33% 6.20% 7.49% -5.18% 20.61% -12.58% 2.72% -4.72% 4.49% -1.79% -8.15% 13.93% 4.93% 2.49% -12.21% 10.23% -2.32% -16.43% 23.07% 20.19% 15.69% 8.77% 8.15% 20.08% 39.54% -2.60% -20.31% -7.92% -2.93% 18.79% 19.15% -1.70% -4.28% -10.31% 9.64% -4.45% -3.67% -7.96% 7.45% 9.92% 8.85% 22.90% 11.05% 17.24% 18.71% 15.23% -1.69% -8.34% -7.60% 3.54% -5.32% -4.58% -11.79% 0.40% 5.93% 10.41% -4.06% 21.72% 19.58% 11.68% -5.92% -25.65% -4.92% -0.72% -1.12% -8.09% -2.66% -6.13% -14.87% -12.73% -9.28% -18.71% -19.78% -9.02% 0.71% 16.31% 0.80% 11.04% 1.72% 18.13% 13.91% -10.75% 3.89% 4.31% -5.45% -0.07% 1.61% 37.88% 7.23% 2.96% 6.89% 11.44% 3.52% 7.18% 2.22% -4.28% 5.22% -5.81% -11.63% -2.90% -5.30% -19.19%

8.53% 9.44% 11.09% -8.10% 2.80% 6.68% 5.55% -2.37% 1.45% 4.65% 7.77% 0.50% -3.28% -15.51% -13.73% -18.07% 1.49% -14.37% 7.72% -2.14% -23.78% 24.69% -13.97% -4.73% 14.79% 14.36% 27.80% -2.69% 6.52% 12.35% -1.17% -3.55% 7.76% 0.00% 244.96% 8.12% 28.86% 3.59% 8.20% 6.72% 13.24% -43.36% -12.16% 0.34% 9.33% -10.20% -9.75% -17.06% -31.36% 14.95% -23.61% 1.29% 30.88% 13.86% 33.33% 22.44% 15.52% 5.32% 7.32% -13.58% 30.73% 4.48% 38.01% 9.56% 19.13% 16.28% 13.49% -5.15% -3.76% 138.07% -1.08% -9.58% -7.67% -10.74% -4.95% -7.93% -67.18% -2.25% -7.16% -5.05% -4.02% -5.11% -6.79% -18.47% -5.43% 3.02% 10.16% 24.91% 3.86% 5.91% -21.88% -21.79% -4.43% -12.01% 41.44% -11.09% -27.69% 5.22% -38.73% -20.24% -9.94% -35.30% -38.90% -34.89% -42.63% -25.77% -3.48% -7.40% -1.78% -26.29% -39.37% -84.35% -3.49% 18.84% 1.89% -9.34% -1.75% -3.51% -17.51% -2.70% 16.37% 12.37% -11.64% 11.28% -31.70% 34.69% 0.015562 0.018784 0.00637 0.016846 0.014579 0.025516 0.175475 0.004278 0.004131 0.003032 0.001747 0.004713 0.005299 0.009685 0.27 0.22 0.48 0.10 0.32 0.21 0.06 -2.70% 16.37% 12.37% -11.64% 11.28% -31.70% 34.69% 6.64% 3.07% 2.78% 4.12% 2.17% 3.32% 2.72% 1.92% 2.95% -2.70% 16.37% 12.37% -11.64% 11.28% -31.70% 34.69% 3.07% 2.78% 4.12% 2.17% 3.32% 2.72% 1.92%

No Company Code Beta Rm Ri 1 BAC 0.22 5.85% 2.67% 2 NLY 0.27 8.69% 2.90% 3 GE 0.47 7.13% 3.89% 4 F 0.15 46.87% 2.32% 5 PFE 0.65 15.04% 4.64% 6 C 0.21 -1.04% 2.62% 7 JPM 0.41 12.97% 3.54% 8 T 0.61 8.89% 4.65% 9 RAD 0.11 48.70% 2.17% 10 AA 0.38 -14.63% 3.42% 11 CIM 0.35 2.32% 3.24% 12 SID 0.26 -12.25% 2.74% 13 VALE 0.35 -1.42% 3.16% 14 ARR 0.17 -1.70% 2.42% 15 ABX 0.12 -3.22% 2.09% 16 JCP 0.22 -0.91% 2.73% 17 WFC 0.32 17.20% 3.17% 18 GGB 0.31 -6.55% 2.98% 19 HK 0.05 24.99% 1.87% 20 PBR 0.31 -13.56% 2.97% 21 PBRA 0.34 -9.24% 3.14% 22 AMD 0.16 19.59% 2.47% 23 RF 0.19 16.96% 2.59% 24 CHK 0.31 -2.70% 3.07% 25 PHM 0.23 16.37% 2.78% 26 ORCL 0.52 12.37% 4.12% 27 KGC 0.14 -11.64% 2.17% 28 HAL 0.38 11.28% 3.32% 29 ACI 0.25 -31.70% 2.72% 30 AIG 0.06 34.69% 1.92% 0.265124522

Rm-Rf (X) Ri-Rf (Y)

Date Average Ri Rf Rm Market Return Portfolio Return Rm-Rf (X) Ri-Rf (Y)

8/1/2013 2.95% 1.40% -2.4% 5.47% 1.55% 7/1/2013 2.95% 1.20% 4.9% 5.67% 1.75% 6/3/2013 2.95% 0.84% -1.5% 6.03% 2.11% 5/1/2013 2.95% 0.71% 2.1% 6.16% 2.24% 4/1/2013 2.95% 0.82% 1.8% 6.05% 2.13% 3/1/2013 2.95% 0.85% 3.6% 6.02% 2.10% 2/1/2013 2.95% 0.81% 1.1% 6.06% 2.14% 1/2/2013 2.95% 0.70% 5.0% 6.17% 2.25% 12/3/2012 2.95% 0.67% 0.7% 6.20% 2.28% 11/1/2012 2.95% 0.71% 0.3% 6.16% 2.24% 10/1/2012 2.95% 0.67% -2.0% 6.20% 2.28% 9/4/2012 2.95% 0.71% 2.4% 6.16% 2.24% 8/1/2012 2.95% 0.62% 2.0% 6.25% 2.33% 7/2/2012 2.95% 0.71% 1.3% 6.16% 2.24% 6/1/2012 2.95% 0.76% 4.0% 6.11% 2.19% 5/1/2012 2.95% 0.89% -6.3% 5.98% 2.06% 4/2/2012 2.95% 1.02% -0.7% 5.85% 1.93% 3/1/2012 2.95% 0.83% 3.1% 6.04% 2.12% 2/1/2012 2.95% 0.84% 4.1% 6.03% 2.11% 1/3/2012 2.95% 0.89% 4.4% 5.98% 2.06% 12/1/2011 2.95% 0.91% 0.9% 5.96% 2.04% 11/1/2011 2.95% 1.06% -0.5% 5.81% 1.89% 10/3/2011 2.95% 0.90% 10.8% 5.97% 2.05% 9/1/2011 2.95% 1.02% -7.2% 5.85% 1.93% 8/1/2011 2.95% 1.54% -5.7% 5.33% 1.41% 7/1/2011 2.95% 1.58% -2.1% 5.29% 1.37% 6/1/2011 2.95% 1.84% -1.8% 5.03% 1.11% 5/2/2011 2.95% 2.17% -1.4% 4.70% 0.78% 4/1/2011 2.95% 2.11% 2.8% 4.76% 0.84% 3/1/2011 2.95% 2.26% -0.1% 4.61% 0.69% 2/1/2011 2.95% 1.99% 3.2% 4.88% 0.96% 1/3/2011 2.95% 1.93% 2.3% 4.94% 1.02% 12/1/2010 2.95% 1.35% 6.5% 5.52% 1.60% 11/1/2010 2.95% 1.18% -0.2% 5.69% 1.77% 10/1/2010 2.95% 1.41% 3.7% 5.46% 1.54% 9/1/2010 2.95% 1.47% 8.8% 5.40% 1.48% 8/2/2010 2.95% 1.76% -4.7% 5.11% 1.19% 7/1/2010 2.95% 2.00% 6.9% 4.87% 0.95% 6/1/2010 2.95% 2.18% -5.4% 4.69% 0.77% 5/3/2010 2.95% 2.58% -8.2% 4.29% 0.37% 4/1/2010 2.95% 2.43% 1.5% 4.44% 0.52% 3/1/2010 2.95% 2.36% 5.9% 4.51% 0.59% 2/1/2010 2.95% 2.48% 2.9% 4.39% 0.47% 1/4/2010 2.95% 2.34% -3.7% 4.53% 0.61% 12/1/2009 2.95% 2.23% 1.8% 4.64% 0.72% 11/2/2009 2.95% 2.33% 5.7% 4.54% 0.62% 10/1/2009 2.95% 2.37% -2.0% 4.50% 0.58% 9/1/2009 2.95% 2.57% 3.6% 4.30% 0.38% 8/3/2009 2.95% 2.46% 3.4% 4.41% 0.49% 7/1/2009 2.95% 2.71% 7.4% 4.16% 0.24% 6/1/2009 2.95% 2.13% 0.0% 4.74% 0.82% 5/1/2009 2.95% 1.86% 5.3% 5.01% 1.09% -0.50% 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 0.00% Por tfo lio r e tu rn

4/1/2009 2.95% 1.82% 9.4% 5.05% 1.13% 3/2/2009 2.95% 1.87% 8.5% 5.00% 1.08% 2/2/2009 2.95% 1.60% -11.0% 5.27% 1.35% 1/2/2009 2.95% 1.52% -8.6% 5.35% 1.43% 12/1/2008 2.95% 2.29% 0.8% 4.58% 0.66% 11/3/2008 2.95% 2.73% -7.5% 4.14% 0.22% 10/1/2008 2.95% 2.88% -16.9% 3.99% 0.07% 9/2/2008 2.95% 3.14% -9.1% 3.73% -0.19% 8/1/2008 2.95% 3.30% 1.2% 3.57% -0.35% Average 2.95% 1.63% 6.87%

y = 1x - 0.0392 R² = 1

0.00% 2.00% 4.00% 6.00% 8.00%

Market Return

Portfolio Return Linear (Portfolio Return) Linear (Portfolio Return)

No

Company Code Ri Rf Rm Rm-Rf (X) Ri-Rf (Y)

1 BAC 2.67% 1.63% 5.85% 4.22% 0.91% 0.91% 2 NLY 2.90% 1.63% 8.69% 7.06% 1.92% 1.92% 3 GE 3.89% 1.63% 7.13% 5.50% 2.57% 2.57% 4 F 2.32% 1.63% 46.87% 45.24% 6.71% 6.71% 5 PFE 4.64% 1.63% 15.04% 13.41% 8.68% 8.68% 6 C 2.62% 1.63% -1.04% -2.67% -0.55% -0.55% 7 JPM 3.54% 1.63% 12.97% 11.34% 4.63% 4.63% 8 T 4.65% 1.63% 8.89% 7.27% 4.41% 4.41% 9 RAD 2.17% 1.63% 48.70% 47.07% 5.40% 5.40% 10 AA 3.42% 1.63% -14.63% -16.26% -6.20% -6.20% 11 CIM 3.24% 1.63% 2.32% 0.69% 0.25% 0.25% 12 SID 2.74% 1.63% -12.25% -13.88% -3.58% -3.58% 13 VALE 3.16% 1.63% -1.42% -3.05% -1.08% -1.08% 14 ARR 2.42% 1.63% -1.70% -3.33% -0.58% -0.58% 15 ABX 2.09% 1.63% -3.22% -4.85% -0.59% -0.59% 16 JCP 2.73% 1.63% -0.91% -2.54% -0.57% -0.57% 17 WFC 3.17% 1.63% 17.20% 15.57% 5.00% 5.00% 18 GGB 2.98% 1.63% -6.55% -8.18% -2.52% -2.52% 19 HK 1.87% 1.63% 24.99% 23.36% 1.16% 1.16% 20 PBR 2.97% 1.63% -13.56% -15.19% -4.71% -4.71% 21 PBRA 3.14% 1.63% -9.24% -10.87% -3.74% -3.74% 22 AMD 2.47% 1.63% 19.59% 17.96% 2.95% 2.95% 23 RF 2.59% 1.63% 16.96% 15.33% 2.93% 2.93% 24 CHK 3.07% 1.63% -2.70% -4.33% -1.36% -1.36% 25 PHM 2.78% 1.63% 16.37% 14.74% 3.44% 3.44% 26 ORCL 4.12% 1.63% 12.37% 10.74% 5.58% 5.58% 27 KGC 2.17% 1.63% -11.64% -13.27% -1.83% -1.83% 28 HAL 3.32% 1.63% 11.28% 9.65% 3.64% 3.64% 29 ACI 2.72% 1.63% -31.70% -33.33% -8.38% -8.38% 30 AIG 1.92% 1.63% 34.69% 33.06% 1.96% 1.96%

y = 0.1847x - 0.0004 R² = 0.682 -10.00% -8.00% -6.00% -4.00% -2.00% 0.00% 2.00% 4.00% 6.00% 8.00% 10.00% -40.00% -20.00% 0.00% 20.00% 40.00% 60.00%

Ri-Rf (Y)

Ri-Rf (Y) Linear (Ri-Rf (Y))