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UPDATED FAIR VALUE FOR BP IF CO DOES NOT TAKE 7 STEPS

|Includes: BP p.l.c. (BP)

 FAIR VALUE REDUCED TO $20.48


     

Year

 

Discount Rate

11%

            Probability

1

 $       3.00

Present Value

$31.1

                35%

2

 $       1.00

     

3

 $       2.00

     

4

 $       3.00

Discount Rate

12%

                  30%

5

 $       3.00

Present Value

$28.14

 

6

 $       3.00

     

7

 $       4.00

Discount Rate

15%

                   15%

8

 $       3.00

Present Value

$21.58

 

9

 $       3.00

     

10

 $       4.00

     

11

 $       5.00

Discount Rate

18%

                    15%

12

 $       5.00

Pres. Val

$17.22

 

13

 $       5.00

     

14

 $       5.00

     

15

 $       5.00

Discount Rate

25%

                    10%

16

 $       5.00

Pres. Vale

$11.39

 

17

 $       5.00

     

18

 $       5.00

     

19

 $       5.00

Current FV

 

             $20.48

20

 $       5.00

     

21

 $       5.00

     

22

 $       5.00

     

23

 $       5.00

     

24

 $       5.00

     

25

 $       5.00

     

26

 $       5.00

     

27

 $       5.00

     

28

 $    30.00



Disclosure: NO POSITION