WALT DISNEY CO/
| 2013 | FY |
In fiscal years
2013
,
2012
and
2011
, the weighted average assumptions used in the option-valuation model were as follows:
2013
2012
2011
Risk-free interest rate
1.8
%
2.0
%
3.2
%
Expected volatility
26
%
31
%
28
%
Dividend yield
1.60
%
1.56
%
1.15
%
Termination rate
2.7
%
2.7
%
2.5
%
Exercise multiple
1.41
1.41
1.40
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