Assumptions Used in Black-Scholes Option-Pricing Model (Detail)
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3 Months Ended | 9 Months Ended | |
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Mar. 31, 2012
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Mar. 31, 2012
Year
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Mar. 31, 2011
Year
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Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Dividend yield | 1.60% | 1.50% | 1.80% |
Expected annualized volatility, minimum | 22.00% | 22.00% | 22.00% |
Expected annualized volatility, maximum | 23.00% | 23.00% | 27.00% |
Risk free interest rate, minimum | 0.90% | 0.90% | 1.30% |
Risk free interest rate, maximum | 1.20% | 2.00% | 2.00% |
Expected life | 5 | 6 | 7 |
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- Definition
The estimated dividend rate (a percentage of the share price) to be paid (expected dividends) to holders of the underlying shares over the option's term. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The period of time an equity-based award is expected to be outstanding. An equity-based award's expected term is generally determined based on, among other factors, the instrument's contractual term and the effects of employees' expected exercise and post-vesting employment termination behavior. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The estimated measure of the maximum percentage by which a share price is expected to fluctuate during a period. Volatility also may be defined as a probability-weighted measure of the dispersion of returns about the mean. The volatility of a share price is the standard deviation of the continuously compounded rates of return on the share over a specified period. That is the same as the standard deviation of the differences in the natural logarithms of the stock prices plus dividends, if any, over the period. No definition available.
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- Definition
The estimated measure of the minimum percentage by which a share price is expected to fluctuate during a period. Volatility also may be defined as a probability-weighted measure of the dispersion of returns about the mean. The volatility of a share price is the standard deviation of the continuously compounded rates of return on the share over a specified period. That is the same as the standard deviation of the differences in the natural logarithms of the stock prices plus dividends, if any, over the period. No definition available.
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- Definition
The maximum risk-free interest rate assumption that is used in valuing an option on its own shares. No definition available.
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- Definition
The minimum risk-free interest rate assumption that is used in valuing an option on its own shares. No definition available.
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- Details
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