Cornerstone OnDemand Inc | 2013 | FY | 3

The following weighted-average assumptions were used to determine the fair value of the Series C, Series D, and Series E Preferred Stock warrants at the exercise date during March 2011:
 
 
Series C
 
Series D
 
Series E
Risk-free interest rate
0.1
%
 
0.1
%
 
0.1
%
Expected term (in years)
0.0

 
0.0

 
0.0

Estimated dividend yield
—

 
—

 
—

Weighted-average estimated volatility
43.1
%
 
43.1
%
 
43.1
%
Fair value (in thousands)
$
3,905

 
$
56,445

 
$
21,965

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