PIONEER POWER SOLUTIONS, INC. | 2013 | FY | 3


Black-Scholes Merton valuation model, based on the following assumptions:

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

2013

 

2012

Expected Volatility

 

40.9% 

 

-  

Expected life in years

 

5.0 

 

-  

Risk-free interest rate

 

1.5% 

 

-  

Dividend yield

 

0.0% 

 

-  

 

 

 

 

 

 


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