Question: Briefly explain the security (Microsoft Notes) and the reasoning behind why the issuer raised funds in this manner? Exhi bit I Supplementary Data on Issuers

Exhi bit I Supplementary Data on Issuers Securities issued Coupon Maturity Issuedatea Settlement date Stock price on issue date ($\share) Market capitalization onissue date ($ millions) Equity beta Balance sheet date Interest-bearing debt (Smillions) Cash & cash equivalents (S millions) Credit rating at issue date(Moody's expt as noted) accesed 2011. Microsoft Corpo ration unsecured Notes 0.875%

Briefly explain the security (Microsoft Notes) and the reasoning behind why the issuer raised funds in this manner?

1625% 3000% 4.500% 2013 2015 2020 2040 9/22/2010 9/27/2010 S24_61 S213,319 1.026/30/2010 ss,ggg $36,788 Coca-Cola unsecured 3.750% 4250% 2012 2015 2/17/2009 2/20/2009 S8.80$4,297 1.28 12/31/2008 $9,029 $722 A3 N orfolk unsecured 6.00% 2105 8/23/20108/26/2010 $54.56 20,138 104 12/31/2009 $7,153 $1,086 IBM Corporation Floating 2012 12/13/201012/182010 $14428 $189,527 0.68 $25,468 $11,512 Ford Motor Company Common 5/12/2009 5/18/2009

Exhi bit I Supplementary Data on Issuers Securities issued Coupon Maturity Issue datea Settlement date Stock price on issue date ($\share) Market capitalization on issue date ($ millions) Equity beta Balance sheet date Interest-bearing debt (S millions) Cash & cash equivalents (S millions) Credit rating at issue date (Moody's expt as noted) accesed 2011. Microsoft Corpo ration unsecured Notes 0.875% 1625% 3000% 4.500% 2013 2015 2020 2040 9/22/2010 9/27/2010 S24_61 S213,319 1.02 6/30/2010 ss,ggg $36,788 Coca-Cola unsecured 3.750% 4250% 2012 2015 2/17/2009 2/20/2009 S8.80 $4,297 1.28 12/31/2008 $9,029 $722 A3 N orfolk unsecured 6.00% 2105 8/23/2010 8/26/2010 $54.56 20,138 104 12/31/2009 $7,153 $1,086 IBM Corporation Floating 2012 12/13/2010 12/182010 $14428 $189,527 0.68 $25,468 $11,512 Ford Motor Company Common 5/12/2009 5/18/2009 $5.01 $12, 129 2.55 3/31/2009 s145,g43 $41,813 CCC* (S&P) Convertible Bond 2.50% 2014 5/21/2009 5/27/2009 $59.46 $4,093 0.38 3/31/2009 5800 $615 not rated In of "issue date" actually denotes the date which the stxk offering was publicly. The stock is the closing

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