Compensation expense is calculated for the fair value of employees’ purchase rights using the Black-Scholes model and the following weighted-average assumptions:
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June 29, |
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June 30, |
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July 2, |
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2013 |
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2012 |
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2011 |
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Expected term (years) |
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0.5 |
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0.5 |
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0.5 |
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Expected volatility |
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34.1 |
% |
45.6 |
% |
31.7 |
% |
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Risk-free interest rate |
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0.1 |
% |
0.1 |
% |
0.2 |
% |
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Dividend yield |
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1.7 |
% |
1.4 |
% |
1.3 |
% |