Cougars

Harvard Business School Case 295006

Case Software # XLS-902

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Exhibit 1 (continued) Excerpts from November 16, 1983 Prospectus, Initial Offering Prices, and Yields
of COUGARs

Price as Percentage of Face

Maturities Amounta Yield to Maturityb
Coupon COUGARs:
May 15, 1984 95.866% 9.75%
Nov. 15, 1984 90.848 10.45
May 15, 1985 85.983 10.75
Nov. 15, 1985 81.447 10.85
May 15, 1986 76.279 11.40
Nov. 15, 1986 72.065 11.45
May 15, 1987 67.831 11.60
Nov. 15, 1987 64.112 11.60
May 15, 1988 59.965 11.85
Nov. 15, 1988 56.611 11.85
May 15, 1989 53.171 11.95
Nov. 15, 1989 50.173 11.95
May 15, 1990 47.200 12.00
Nov. 15, 1990 44.529 12.00
May 15, 1991 41.861 12.05
Nov. 15, 1991 39.482 12.05
May 15, 1992 37.091 12.10
Nov. 15, 1992 34.975 12.10
May 15, 1993 32.833 12.15
Nov. 15, 1993 30.952 12.15
May 15, 1994 29.469 12.05
Nov. 15, 1994 27.794 12.05
May 15, 1995 26.356 12.00
Nov. 15, 1995 24.865 12.00
May 15, 1996 23.595 11.95
Nov. 15, 1996 22.265 11.95
May 15, 1997 21.143 11.90
Nov. 15, 1997 19.956 11.90
May 15, 1998 18.964 11.85
Nov. 15, 1998 17.903 11.85
May 15, 1999 17.025 11.80
Nov. 15, 1999 16.077 11.80
May 15, 2000 15.300 11.75
Nov. 15, 2000 14.451 11.75
May 15, 2001 13.762 11.70
Nov. 15, 2001 13.001 11.70
May 15, 2002 12.283 11.70
Nov. 15, 2002 11.604 11.70
May 15, 2003 11.064 11.65
Nov. 15, 2003 10.455 11.65
Principal COUGARs:
Nov. 15, 2003 10.455% 11.65%
a
As of December 6, 1983. (Assume December 6, 1983 Treasury bill is trading at a 8.11% discount yield.)
b
Compounded on a semiannual basis
Exhibit 2 Selected Treasury Quotes from Close of November 16, 1983

Maturity Coupon Ask Quote Yield to Maturity

May 1984 9.25 100.01 9.18

May 1984 13.25 101.30 9.12
May 1984 13.75 103.04 9.10
May 1984 15.75 102.08 9.33
Nov. 1984 9.88 100.02 9.80
Nov. 1984 14.38 104.13 9.61
Nov. 1984 16.00 105.29 9.62
May 1985 3.25 93.21 7.83
May 1975-1985 4.25 94.02 8.57
May 1985 9.88 99.16 10.23
May 1985 10.38 100.11 10.12
May 1985 14.13 105.11 10.17
May 1985 14.38 105.21 10.19
Nov. 1985 9.75 98.22 10.50
Nov. 1985 11.75 102.08 10.47
May 1986 7.88 94.04 10.62
May 1986 9.38 97.01 10.76
May 1986 13.75 106.12 10.77
Nov. 1986 6.13 90.30 9.69
Nov. 1986 11.00 100.07 10.91
Nov. 1986 13.88 107.11 10.93
Nov. 1986 16.13 112.31 10.93
May 1987 12.00 102.25 11.02
May 1987 14.00 108.00 11.17
Nov. 1987 7.63 89.17 10.93
Nov. 1987 12.63 104.10 11.26
May 1988 8.25 90.00 11.14
May 1988 9.88 95.06 11.27
Nov. 1988 8.75 90.25 11.21
Nov. 1988 11.75 101.15 11.35
May 1989 9.25 92.00 11.25
Nov. 1989 10.75 97.04 11.43
May 1990 8.25 86.25 11.16
Nov. 1990 13.00 106.19 11.59
May 1991 14.50 113.28 11.67
Nov. 1991 14.25 113.00 11.70
May 1992 13.75 110.20 11.74
Nov. 1992 10.50 93.31 11.60
May 1993 10.13 92.00 11.53
Nov. 1993 8.63 82.28 11.56
Nov. 1993 11.75 100.13 11.68
May 1989-1994 4.13 91.18 5.18
Nov. 1994 10.13 91.12 11.53
May 1995 10.38 92.04 11.63
May 1995 12.63 105.23 11.71
Nov. 1995 11.50 99.00 11.66
May 1993-1998 7.00 69.24 11.29
Nov. 1998 3.50 91.31 4.23

May 1994-1999 8.50 77.22 11.64

May 2001 13.13 109.15 11.83

Nov. 2001 15.75 130.02 11.71

Nov. 2002 11.63 98.11 11.85

May 2003 10.75 91.25 11.83

Nov. 2003 11.88 99.28 11.89