Present value, as at I ate 1991, of the estimated cost of options
when
A, B, &C: wh the sachage rat from
assumed to be
from ! July 1997
السمال يفهم مرة
HK$
13.76
10
HKS]
HKJ
HK
HES
HKJ
HKP
12
20
28
1376
worthless
depreciating
(3)
22
DN: omit have and
kelaw?
30
Niats
(1) San graph 1
(2) See graph 2
(3) Save grouph 3
I
Table 2: Present values, as at Citate 1991, of the estimated cost of opt
I
when the reating wat from 1 July 1997
E'd
D: assumed to be
Trage level
HKS
Oxf
12
HKS [HKS] AKS 16
нка
20
28
%
25
TO
75
Niates
(1)% above wat at retirement (2) Love graph 4
HK$
13.76 dipantay (2 Jct 27 Am
HKS
vaithless
% above HK$ 14.40
INDWLYUDA SABUNIOU INAWNWBAOS 2:91 26. 80 AON