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Claim NS20 - NSCP Mkt Cap 2000 (log scale)

Category: Science & Technology:Computer Industry Finance:US Finance JUDGED at 52
Owner:79, jbs
Judge:162, pseudo
created:1996/05/22
due date:2000/01/01

The Claim

YES coupons pay scaledMC, where scaledMC is defined as follows:

MC = Netscape's market capitalization as of the last trading day of 1999.

scaledMC = (log10(MC/$1) - 9) / 2, clipped to [0,1]

If NSCP merges (except mergers where there the surviving company continues to trade publicly and substantially retains the name and managment of NSCP), is acquired, goes private or otherwise stops trading publicly, MC will be calculated by taking the last public market capitalization (or the acquisition price) and increasing it at an annual rate of 10% for the time remaining until 1/1/2000

examples:

NSCP Mkt Cap is $1 Billion (or less) -> YES coupons pay 0

NSCP Mkt Cap is $100 Billion (or more) -> YES coupons pay 1

NSCP Mkt Cap is $10 Billion -> YES coupons pay .5

NSCP goes private 1/1/1999 with a Mkt Cap of $9.09 Billion -> YES coupons pay .5

NSCP market capitalization (as reported by the Wall Street Journal) on May 21, 1996, was $5.776 billion. Using this number for MC, scaledMC would be .38

Judge's Statement

None.

The Market

Your Buy YES Orders Players Buying YES Coupons
EraseQuantityPrice
     
Price Plot for life of NS20
Last trade price: 0
Current ask price: 100
Current bid price: 0
Pairs outstanding: 204
Players participating: 11
View the ticker for this Claim.

Your cash balance: 12765.11
Your holdings in this Claim: 0
Your UID:
Your password:
Your Sell YES Orders Players Selling YES Coupons
EraseQuantityPrice
     

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