Common stock outstanding (MM) 664 10000 130.7 644.8 159.6 682.7 -0.06 Post-expensing period (477 Pre-expensing period (318 firm-years) Lower Upper Lower Upper Mandatory firms: Mean Std. Dev quartile quartile n quartile n quartile t-stat Firm Characteristics Market value ($MM) 16632 30080 4443 15697 5840 22051 1.63 Growth opportunity 3.49 7.55 1.82 4.37 1.95 4.37 0.31
Common stock outstanding (MM) 664 10000 130.7 644.8 159.6 682.7 -0.06 Mandatory firms: Pre-expensing period (318 Post-expensing period (477 firm-years) Mean Std. Dev Lower quartile Upper quartile Lower quartile Upper quartile t-stat Firm Characteristics Market value ($MM) 16632 30080 4443 15697 5840 22051 1.63 Growth opportunity 3.49 7.55 1.82 4.37 1.95 4.37 0.31 n n