Date

Jan-02
Feb-02
Mar-02
Apr-02
May-02
Jun-02
Jul-02
Aug-02
Sep-02
Oct-02
Nov-02
Dec-02
Jan-03
Feb-03
Mar-03
Apr-03
May-03
Jun-03
Jul-03
Aug-03
Sep-03
Oct-03
Nov-03
Dec-03
Jan-04
Feb-04
Mar-04
Apr-04
May-04
Jun-04
Jul-04
Aug-04
Sep-04
Oct-04
Nov-04
Dec-04
Jan-05
Feb-05
Mar-05
Apr-05
May-05
Jun-05
Jul-05
Aug-05
Sep-05
Oct-05
Nov-05
Dec-05
Jan-06

S&P
1130.2
1106.73
1147.39
1076.92
1067.14
989.82
911.62
916.07
815.28
885.76
936.31
879.82
855.7
841.15
848.18
916.92
963.59
974.5
990.31
1008.01
995.97
1050.71
1058.2
1111.92
1131.13
1144.94
1126.21
1107.3
1120.68
1140.84
1101.72
1104.24
1114.58
1130.2
1173.82
1211.92
1181.27
1203.6
1180.59
1156.85
1191.5
1191.33
1234.18
1220.33
1228.81
1207.01
1249.48
1248.29
1280.08

FORD
0.95
0.95
0.9
0.8
0.76
0.76
0.81
0.85
0.81
0.85
0.94
1.1
2.03
1.98
1.84
1.94
1.76
1.62
1.78
2.67
2.38
2.48
2.3
2.4
2.41
2.4
2.21
2.68
2.59
2.63
2.29
2.16
2.28
2.38
2.83
4.18
7.5
7.88
12.99
15.08
20.92
15.99
26.75
25.87
23.47
20.54
17.87
8.9
10.8

GM
MICROSOFT SUN USTB3M
39.55
27.33 17.27
1.73
41.4
25.02 17.36
1.75
47.23
25.87 18.04
1.77
50.12
22.41 15.5
1.78
48.92
21.84 16.14
1.77
42.07
23.46 16.18
1.75
36.64
20.58 16.14
1.72
38.11
21.05 16.23
1.69
30.97
18.76 13.79
1.64
26.48
22.93 13.71
1.58
32.08
24.74 13.65
1.5
29.78
22.17 15.3
1.22
29.35
20.36 14.44
1.22
27.67
20.4 16.45
1.17
27.55
20.83 16.99
1.17
29.54
22 17.29
1.12
29.35
21.18 17.23
1.13
29.91
22.06 17.65
1.07
31.1
22.73 17.31
0.88
34.6
22.82 19.14
0.97
34.46
23.92 18.94
0.97
35.93
22.62 20.61
0.95
36.44
22.25 22.75
0.96
45.49
23.69 24.24
0.94
42.32
23.93 26.28
0.93
41.41
22.96 29.29
0.94
40.66
21.57 29.71
0.96
40.81
22.61 29.96
0.95
39.51
22.7 29.43
1.01
40.55
24.72 30.43
1.18
37.55
24.65 32.61
1.32
36.39
23.69 29.56
1.48
37.42
24 35.56
1.61
33.95
24.28 35.74
1.72
34.43
25.93 39.84
1.99
35.75
25.85 39.43
2.22
32.85
25.42 42.22
2.32
32.24
24.41 47.98
2.5
26.58
23.45 50.12
2.75
24.13
24.55 48.06
2.82
28.98
25.11 49.86
2.88
31.25
24.18 55.26
2.99
33.84
24.93 61.12
3.14
31.88
26.73 70.9
3.48
28.54
25.12 76.27
3.51
25.55
25.09 72.66
3.61
20.8
27.1 75.5
3.96
18.44
25.61 76.65
3.97
22.85
27.56 93.1
4.19

S&P
-2.098489
3.608008
-6.338468
-0.912294
-7.521434
-8.229987
0.486954
-11.65612
8.291442
5.550058
-6.222928
-2.779749
-1.714984
0.832287
7.792735
4.964567
1.125863
1.609351
1.771534
-1.201623
5.350427
0.710323
4.95189
1.712888
1.21351
-1.649422
-1.693339
1.201102
1.782919
-3.489224
0.228472
0.932034
1.391696
3.786878
3.194249
-2.561575
1.872693
-1.930275
-2.031352
2.951222
-0.014269
3.533645
-1.128547
0.692491
-1.789999
3.458124
-0.095285
2.514796

FORD
0
-5.406722
-11.7783
-5.129329
0
6.371581
4.82021
-4.82021
4.82021
10.06435
15.71856
61.27256
-2.493895
-7.333127
5.29224
-9.737416
-8.288766
9.418722
40.54651
-11.4978
4.115807
-7.534944
4.255961
0.415801
-0.415801
-8.247622
19.28243
-3.415892
1.532597
-13.8432
-5.84436
5.406722
4.292504
17.31762
39.00345
58.45918
4.942488
49.98519
14.91895
32.73363
-26.87421
51.45709
-3.345048
-9.736099
-13.33488
-13.92509
-69.70721
19.34949

Feb-06
Mar-06
Apr-06
May-06
Jun-06
Jul-06
Aug-06
Sep-06
Oct-06
Nov-06
Dec-06
Jan-07
Feb-07
Mar-07
Apr-07

1280.66
1294.87
1310.61
1270.09
1270.2
1276.66
1303.82
1335.85
1377.94
1400.63
1418.3
1438.24
1406.82
1420.86
1482.37

9
10.7
6.39
5.04
4.15
4.64
5.31
5.12
5.37
4.55
4.19
4.26
4.26
4.16
4.08

19.51
20.43
21.98
26.12
28.9
31.27
28.54
32.53
34.15
28.79
30.26
32.34
31.63
30.38
30.97

26.4
26.73
23.73
22.34
22.98
23.73
25.44
27.07
28.42
29.16
29.66
30.65
28.08
27.78
29.84

72.47
75.86
79.25
67.29
67.98
68.22
70.78
61.22
65.1
67.34
61.61
62.37
63.93
69.88
74.93

4.48
4.62
4.68
4.82
4.84
5.03
5.1
5.06
4.92
5.08
5.04
5.05
5.13
5.15
5.05

0.045299
1.103473
1.208237
-3.140491
0.00866
0.507292
2.105112
2.426938
3.102184
1.633251
1.253684
1.396117
-2.208831
0.993048
4.237984

-18.23216
17.30192
-51.55095
-23.73282
-19.42977
11.1606
13.48775
-3.64374
4.767347
-16.57007
-8.24265
1.656843
0
-2.375409
-1.941809

GM
4.571519
13.17484
5.939085
-2.423382
-15.08514
-13.81944
3.933618
-20.74577
-15.66293
19.18431
-7.439576
-1.454448
-5.894375
-0.434626
6.974274
-0.645273
1.890033
3.901495
10.66459
-0.405445
4.177337
1.409447
22.18254
-7.223273
-2.173739
-1.827759
0.368234
-3.237334
2.598198
-7.68624
-3.137937
2.791131
-9.731647
1.403942
3.762199
-8.459852
-1.874383
-19.30489
-9.670317
18.31501
7.541344
7.962416
-5.966468
-11.06722
-11.06693
-20.56843
-12.04308
21.44289

MICROSOFT
-8.83094949
3.3408491159
-14.35767084
-2.576413694
7.1553692349
-13.09771128
2.2580829722
-11.51736166
20.071915329
7.5975270095
-10.96813433
-8.516783195
0.1962709168
2.0859354423
5.4648198085
-3.798511319
4.0708673652
2.9919624039
0.3951706569
4.7077584649
-5.588045839
-1.649246208
6.2711009558
1.007988375
-4.137933047
-6.245011105
4.7088825889
0.3972638197
8.5247708102
-0.28357321
-3.972388232
1.3000812177
1.1599135843
6.5747633359
-0.30899986
-1.677433519
-4.054338136
-4.012238951
4.5841359348
2.2554318929
-3.774032798
3.0546052349
6.9714632615
-6.212218855
-0.119498122
7.7064367507
-5.655082767
7.3382545934

SUN
0.519782
3.842281
-15.17515
4.046064
0.247525
-0.247525
0.556072
-16.29177
-0.58182
-0.438597
11.41133
-5.785069
13.03233
3.229946
1.750336
-0.347625
2.408373
-1.945141
10.0496
-1.05043
8.450031
9.878875
6.343902
8.080403
10.8438
1.423753
0.837947
-1.78486
3.34144
6.919003
-9.819689
18.47993
0.50491
10.86009
-1.034448
6.836709
12.78902
4.363587
-4.19699
3.676885
10.28302
10.07898
14.84313
7.300924
-4.848865
3.834163
1.511695
19.44246

Risk premium
USTB3M S&P RP
1.149438 -3.848489
1.136376 1.838008
0.563382 -8.118468
-0.563382 -2.682294
-1.136376 -9.271434
-1.72915 -9.949987
-1.759576 -1.203046
-3.003229 -13.29612
-3.727139 6.711442
-5.195974 4.050058
-20.66142 -7.442928
0 -3.999749
-4.184711 -2.884984
0 -0.337713
-4.367506 6.672735
0.888895 3.834567
-5.455898 0.055863
-19.5492 0.729351
9.737416 0.801534
0 -2.171623
-2.083409 4.400427
1.04713 -0.249677
-2.105341 4.01189
-1.069529 0.782888
1.069529 0.27351
2.105341 -2.609422
-1.04713 -2.643339
6.124363 0.191102
15.55641 0.602919
11.21173 -4.809224
11.44104 -1.251528
8.419209 -0.677966
6.609011 -0.328304
14.58103 1.796878
10.93726 0.974249
4.405999 -4.881575
7.472355 -0.627307
9.531018 -4.680275
2.513597 -4.851352
2.105341 0.071222
3.748309 -3.004269
4.894941 0.393645
10.28095 -4.608547
0.858374 -2.817509
2.809173 -5.399999
9.253625 -0.501876
0.252207 -4.065285
5.393464 -1.675204

-15.8024
4.607725
7.312854
17.25684
10.11403
7.881758
-9.135256
13.08561
4.859985
-17.07345
4.97986
6.647815
-2.219882
-4.032154
1.92345

-4.300143599
1.2422519999
-11.90464597
-6.036127681
2.824547878
3.2115798027
6.9582668024
6.2103365154
4.8667019043
2.5704784472
1.7001429569
3.2833325672
-8.757508322
-1.074124183
7.1533438009

-25.05015
4.571685
4.371788
-16.35958
1.020191
0.352423
3.68387
-14.51025
6.145062
3.382986
-8.893022
1.22602
2.470434
8.899075
6.977486

6.692231
3.077166
1.29034
2.947582
0.414079
3.850526
1.382056
-0.787406
-2.805795
3.200273
-0.790518
0.198216
1.571742
0.389106
-1.960847

-4.434701
-3.516527
-3.471763
-7.960491
-4.83134
-4.522708
-2.994888
-2.633062
-1.817816
-3.446749
-3.786316
-3.653883
-7.338831
-4.156952
-0.812016