Ho - 0-20, ae Qe = 2Y0- OB 0 Te ="lojocea + SO@ 0 Family met {Corporate met TT mand level of Qe> { TT mana level of Qe & Gaines) | Gea RED Quen: fird Me 3 Frc ma, 2 Tee = Oe Qe = Mlo- 0-205 The = hh Ge © Qe = 240 -0°8f- ¢ pi 3ye- Ge 0:2 0p = NO - Oe . 0, = Wo - OE : Pe = 240 ~ Qe O:2 : o8 [ (22 550 - SQ ‘ (= 800 ~ larG. ‘ The =. Oe : The = he. Te = (890-0) Or | The = (300-1: 250. ep * $S0@¢ Se 5 Tee * 200. —2 \ Ys2Ci) Conhuse t [sia ea The = SSD Qe ~ SQe" dike 550 - 10QF Ade Mp = §S0 -loQe then frud me $ Quen TO * Aum. 50 ae fe oO) So = os0-loae lode = sso-S® Dp = £28 £eo ; Hoe Cocporste mee TR. = $00Q. ~ 125Qe" dite = 30 — 2S Ge tov0eo + sod [We = F2] sue ins Fe (, = 50 -SQF fo 2 550 —s (gv) Oe = SO 250 Vr . #300] : fe 2 300 —-h25Q. 5 fe > F007 2eClood ee tiptoe2.4) Continue + TW yo] Diseriminehen = TR, * The - Te Thy vise. = C..e t Ae = [10,000 + 50] = (300)(s0) + C195) Cl00) - [10.000 + sol, tée)| = 15000 + 17500 —[toeso +50(s0+ (oo) ] = 32,500— 10000 — so(iso) = 22, Sov - 4500 Ty Discs = +15, 000 Gadi a for combined met! F With ont Orecimirahsaf det On = @ “f where Cm = Oe t Ge Qu = (Ilo -0-2f-) + (240- 0-8f2) | Qu = 350-02 ~ -O8(- Qe = 38% -0:2Ge -0-8 fen Grn = 38d - Can s/sOF Cil) Continue: C= 3SR- Qn, Tm = Pa Quy Than = GSD — Ban) Ona Tha = 250Qm On Athen © 350 — 20m Adm Te maxa level fr Qn ¢ tc = 10,000 +50Q Crven ase = 5O ISD suo mb Ae. Qu = sau -, [ere = $0 Lr Pay = 9SV-Qee ania ia Cn ce a Bp. = (Sd 4 4sP 2 Ci) confraua 1 a B 3 \ 4 Nn T lo Disc. = = la-Qn -C 10,600 + Soa] (200) Lise) —[t2,c00 + sacise] i] 30,000 -[ tv,000 4 Fsv0] = 30,000 — 14,Sbo [Tate oe = 12,500] Should the fm PEA pve Q2 iit): oliscimiacdion & Ty pre. (45,000) P Wye Die. C2 0) Stace | 7. is larger than T, [Tuy one.) #8 larger than [Tap pre], this fr Should prachte GUce hiterimiashiea,Stamonary 3 1) To caleik¢te T with discrmanchen there are two metheds of Caleuls hans if Te is not given p oaly me is given S mee Cor Conrtant value) f 0 lease cefer rh Q1, page 2. Tr W, / vse. * (Ra - Te) + C1e@.—Te) But if Te is given, plece refer to Qa pe ai Ty pic. = Tepe t The — TE 2) As for combued market , the exleulehin po in Qt and Q2 is the same. t cefer + 056 D fr Qt and pase wie fo be §