cst valuation spreadsheet, page-6

That was quite a valuable exercise, ForrestGump.

You were the logical person to do it as you have an excellent understanding of CST.

Thanks for the many hours you put into it.

The Discount rate remains a topic of conversation.

Others would use the more savage "usual" rates. My own rate tends to be 10% or higher depending on risk.

However, the risk with CST has diminished greatly already IMHO and I therefore concur with the Bond rate as used by you, to be adjusted with time.

Thanks again!

Cheers,

Gerry