S(0)

T = 6 Months

T = 12 Months

T = 15 Months

V_CCM

V_CVM

V_SCSVM

V_CCM

V_CVM

V_SCSVM

V_CCM

V_CVM

V_SCSVM

70

0.01

0.02

0.19

0.13

0.16

0.46

0.22

0.26

0.58

80

0.21

0.26

0.98

0.71

0.81

1.57

0.94

1.06

1.79

90

1.31

1.54

3.09

2.34

2.61

3.87

2.69

2.97

4.48

100

4.47

5.02

7.48

5.54

6.06

8.46

5.85

6.34

8.80

110

10.16

11.09

13.40

10.47

11.26

13.75

10.51

11.24

13.85

120

17.85

19.07

20.85

16.89

17.93

20.27

16.48

17.46

20.02

130

26.62

28.04

29.29

24.37

25.63

27.71

23.46

24.65

27.06

140

35.84

37.41

38.31

32.51

33.95

35.79

31.12

32.48

34.73

150

45.20

46.90

47.63

41.02

42.61

44.27

39.20

40.72

42.83

160

54.61

56.42

57.09

49.72

51.44

53.00

47.52

49.18

51.20

170

64.02

65.95

66.62

58.52

60.36

61.87

55.98

57.76

59.75