Black-Scholes Merton valuation model, based on the following assumptions:
Year Ended December 31, |
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2013 |
2012 |
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Expected Volatility |
40.9% |
- |
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Expected life in years |
5.0 |
- |
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Risk-free interest rate |
1.5% |
- |
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Dividend yield |
0.0% |
- |
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