PEPSICO INC
| 2013 | FY |
Our weighted-average Black-Scholes fair value assumptions are as follows:
2013
2012
2011
Expected life
6 years
6 years
6 years
Risk-free interest rate
1.1
%
1.3
%
2.5
%
Expected volatility
17
%
17
%
16
%
Expected dividend yield
2.7
%
3.0
%
2.9
%
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