EXPECTED VALUE OF PRESENT PHASE (MUS$) | PROBABILTY OF OCCURRENCE BETWEEN CONSECUTIVE PHASES | PHASE TIME | EXPENSES (MUS$) | EXPECTED VALUE PREVIOUS PHASE (MUS$) |
700 474 0 | 0.90 | 1 | 15 | {[0.58 × 700 + 0.42 × 0]/1.05} - 15 |
(474 × 0.90)/1.10 387 | [387 × 1.05 - 0]/[700 - 0] 0.58 |
|
| 372 |
VALUE OF CURRENT PHASE | PROBABILITY OF NEUTRAL RISK | IN YEARS | IN MUS$ | VALUE OF PREVIOUS PHASE |