CasoAGSX Template

Esta é uma pré-visualização de arquivo. Entre para ver o arquivo original

T-Bond (10y)
	
	Data	T-Bond (YTM)
	3/28/13	1.870		spot	1.870
	3/27/13	1.870		média 10du	1.932
	3/26/13	1.920		média 1mes	1.954
	3/25/13	1.930
	3/22/13	1.930
	3/21/13	1.950
	3/20/13	1.960
	3/19/13	1.920
	3/18/13	1.960
	3/15/13	2.010
	3/14/13	2.040
	3/13/13	2.040
	3/12/13	2.020
	3/11/13	2.060
	3/8/13	2.050
	3/7/13	1.990
	3/6/13	1.940
	3/5/13	1.890
	3/4/13	1.880
	3/1/13	1.852
	2/28/13	1.890
	2/27/13	1.900
	2/26/13	1.870
	2/25/13	1.900
	2/22/13	1.970
	2/21/13	1.980
	2/20/13	2.020
	2/19/13	2.030
	2/15/13	2.010
	2/14/13	2.000
	2/13/13	2.020
	2/8/13	1.950
	2/7/13	1.950
	2/6/13	1.970
	2/5/13	2.020
	2/4/13	1.970
	2/1/13	2.010
	1/31/13	1.990
	1/30/13	2.010
	1/29/13	1.980
	1/28/13	1.970
	1/25/13	1.950
	1/24/13	1.840
	1/23/13	1.830
	1/22/13	1.830
	1/18/13	1.840
	1/17/13	1.880
	1/16/13	1.820
	1/15/13	1.830
	1/14/13	1.860
	1/11/13	1.880
	1/10/13	1.890
	1/9/13	1.850
	1/8/13	1.870
	1/7/13	1.900
	1/4/13	1.920
	1/3/13	1.890
	1/2/13	1.840
	12/31/12	1.750
	12/28/12	1.710
	12/27/12	1.710
	12/26/12	1.750
	12/24/12	1.770
	12/21/12	1.750
	12/20/12	1.800
	12/19/12	1.800
	12/18/12	1.830
	12/17/12	1.760
	12/14/12	1.710
	12/13/12	1.730
	12/12/12	1.700
	12/11/12	1.650
	12/10/12	1.610
	12/7/12	1.630
	12/6/12	1.580
	12/5/12	1.590
	12/4/12	1.610
	12/3/12	1.620
	11/30/12	1.610
	11/29/12	1.620
	11/28/12	1.620
	11/27/12	1.640
	11/26/12	1.660
	11/21/12	1.690
	11/20/12	1.660
	11/19/12	1.610
	11/16/12	1.570
	11/15/12	1.590
	11/14/12	1.590
	11/13/12	1.590
	11/9/12	1.610
	11/8/12	1.630
	11/7/12	1.630
	11/6/12	1.740
	11/5/12	1.680
	11/2/12	1.720
	11/1/12	1.720
	10/31/12	1.690
	10/29/12	1.750
	10/26/12	1.750
	10/25/12	1.830
	10/24/12	1.780
	10/23/12	1.760
	10/22/12	1.790
	10/19/12	1.770
	10/18/12	1.830
	10/17/12	1.810
	10/16/12	1.720
	10/15/12	1.660
	10/12/12	1.660
	10/11/12	1.680
	10/10/12	1.690
	10/9/12	1.720
	10/5/12	1.732
	10/4/12	1.670
	10/3/12	1.610
	10/2/12	1.620
	10/1/12	1.620
	9/28/12	1.640
	9/27/12	1.640
	9/26/12	1.620
	9/25/12	1.680
	9/24/12	1.710
	9/21/12	1.760
	9/20/12	1.770
	9/19/12	1.780
	9/18/12	1.810
	9/17/12	1.782
	9/14/12	1.870
	9/13/12	1.760
	9/12/12	1.770
	9/11/12	1.690
	9/10/12	1.680
	9/7/12	1.660
	9/6/12	1.670
	9/5/12	1.590
	9/4/12	1.580
	8/31/12	1.560
	8/30/12	1.620
	8/29/12	1.650
	8/28/12	1.630
	8/27/12	1.650
	8/24/12	1.680
	8/23/12	1.670
	8/22/12	1.720
	8/21/12	1.800
	8/20/12	1.810
	8/17/12	1.820
	8/16/12	1.840
	8/15/12	1.810
	8/14/12	1.730
	8/13/12	1.650
	8/10/12	1.650
	8/9/12	1.690
	8/8/12	1.640
	8/7/12	1.630
	8/6/12	1.550
	8/3/12	1.580
	8/2/12	1.480
	8/1/12	1.540
	7/31/12	1.490
	7/30/12	1.500
	7/27/12	1.550
	7/26/12	1.430
	7/25/12	1.400
	7/24/12	1.400
	7/23/12	1.440
	7/20/12	1.460
	7/19/12	1.510
	7/18/12	1.480
	7/17/12	1.500
	7/16/12	1.460
	7/13/12	1.500
	7/12/12	1.480
	7/11/12	1.500
	7/10/12	1.490
	7/9/12	1.510
	7/6/12	1.540
	7/5/12	1.600
	7/3/12	1.630
	7/2/12	1.580
	6/29/12	1.580
	6/28/12	1.620
	6/27/12	1.620
	6/26/12	1.630
	6/25/12	1.610
	6/22/12	1.670
	6/21/12	1.620
	6/20/12	1.640
	6/19/12	1.620
	6/18/12	1.580
	6/15/12	1.590
	6/14/12	1.610
	6/13/12	1.600
	6/12/12	1.660
	6/11/12	1.600
	6/8/12	1.640
	6/6/12	1.650
	6/5/12	1.560
	6/4/12	1.530
	6/1/12	1.470
	5/31/12	1.580
	5/30/12	1.630
	5/29/12	1.730
	5/25/12	1.750
	5/24/12	1.760
	5/23/12	1.720
	5/22/12	1.790
	5/21/12	1.735
	5/18/12	1.700
	5/17/12	1.700
	5/16/12	1.770
	5/15/12	1.770
	5/14/12	1.790
	5/11/12	1.840
	5/10/12	1.880
	5/9/12	1.840
	5/8/12	1.980
	5/7/12	1.880
	5/4/12	1.880
	5/3/12	1.924
	5/2/12	1.920
	4/30/12	1.930
	4/27/12	1.930
	4/26/12	1.980
	4/25/12	1.980
	4/24/12	1.960
	4/23/12	1.930
	4/20/12	1.970
	4/19/12	1.950
	4/18/12	1.980
	4/17/12	2.010
	4/16/12	1.970
	4/13/12	1.990
	4/12/12	2.050
	4/11/12	2.200
	4/10/12	1.990
	4/9/12	2.037
	4/5/12	2.170
	4/4/12	2.240
	4/3/12	2.280
	4/2/12	2.193
	3/30/12	2.210
	3/29/12	2.160
	3/28/12	2.200
	3/27/12	2.187
	3/26/12	2.240
	3/23/12	2.240
	3/22/12	2.280
	3/21/12	2.290
	3/20/12	2.370
	3/19/12	2.380
	3/16/12	2.300
	3/15/12	2.280
	3/14/12	2.270
	3/13/12	2.110
	3/12/12	2.030
	3/9/12	2.040
	3/8/12	2.010
	3/7/12	1.970
	3/6/12	1.940
	3/5/12	2.000
	3/2/12	1.990
	3/1/12	2.040
	2/29/12	1.980
	2/28/12	1.930
	2/27/12	1.920
	2/24/12	1.980
	2/23/12	1.980
	2/22/12	2.010
	2/17/12	2.010
	2/16/12	1.990
	2/15/12	1.930
	2/14/12	1.920
	2/13/12	1.990
	2/10/12	1.970
	2/9/12	2.040
	2/8/12	1.980
	2/7/12	1.970
	2/6/12	1.900
	2/3/12	1.950
	2/2/12	1.825
	2/1/12	1.850
	1/31/12	1.799
	1/30/12	1.840
	1/27/12	1.900
	1/26/12	1.930
	1/25/12	2.070
	1/24/12	2.060
	1/23/12	2.067
	1/20/12	2.030
	1/19/12	1.970
	1/18/12	1.900
	1/17/12	1.850
	1/13/12	1.860
	1/12/12	1.930
	1/11/12	1.900
	1/10/12	1.970
	1/9/12	1.960
	1/6/12	1.961
	1/5/12	2.000
	1/4/12	1.960
	1/3/12	1.960
	12/30/11	1.870
	12/29/11	1.900
	12/28/11	1.910
	12/27/11	2.009
	12/23/11	2.030
	12/22/11	1.950
	12/21/11	1.970
	12/20/11	1.925
	12/19/11	1.810
	12/16/11	1.850
	12/15/11	1.890
	12/14/11	1.900
	12/13/11	1.960
	12/12/11	2.010
	12/9/11	2.052
	12/8/11	1.970
	12/7/11	2.020
	12/6/11	2.093
	12/5/11	2.054
	12/2/11	2.040
	12/1/11	2.120
	11/30/11	2.070
	11/29/11	2.000
	11/28/11	1.960
	11/23/11	1.879
	11/22/11	1.939
	11/21/11	1.960
	11/18/11	2.012
	11/17/11	1.958
	11/16/11	2.020
	11/15/11	2.060
	11/14/11	2.040
	11/10/11	2.056
	11/9/11	1.960
	11/8/11	2.065
	11/7/11	1.990
	11/4/11	2.020
	11/3/11	2.070
	11/2/11	2.006
	11/1/11	2.000
	10/31/11	2.170
	10/28/11	2.510
	10/27/11	2.400
	10/26/11	2.200
	10/25/11	2.128
	10/24/11	2.230
	10/21/11	2.203
	10/20/11	2.180
	10/19/11	2.159
	10/18/11	2.150
	10/17/11	2.150
	10/14/11	2.230
	10/13/11	2.170
	10/12/11	2.230
	10/11/11	2.150
	10/7/11	2.068
	10/6/11	1.990
	10/5/11	1.910
	10/4/11	1.785
	10/3/11	1.920
	9/30/11	1.924
	9/29/11	1.957
	9/28/11	2.000
	9/27/11	2.020
	9/26/11	1.900
	9/23/11	1.810
	9/22/11	1.720
	9/21/11	1.950
	9/20/11	1.875
	9/19/11	1.940
	9/16/11	2.080
	9/15/11	2.090
	9/14/11	2.010
	9/13/11	1.990
	9/12/11	1.930
	9/9/11	1.910
	9/8/11	1.990
	9/7/11	2.040
	9/6/11	1.980
	9/2/11	2.000
	9/1/11	2.150
	8/31/11	2.220
	8/30/11	2.180
	8/29/11	2.270
	8/26/11	2.188
	8/25/11	2.220
	8/24/11	2.260
	8/23/11	2.140
	8/22/11	2.090
	8/19/11	2.070
	8/18/11	2.080
	8/17/11	2.170
	8/16/11	2.210
	8/15/11	2.290
	8/12/11	2.240
	8/11/11	2.340
	8/10/11	2.140
	8/9/11	2.160
	8/8/11	2.340
	8/5/11	2.560
	8/4/11	2.460
	8/3/11	2.600
	8/2/11	2.620
	8/1/11	2.720
	7/29/11	2.810
	7/28/11	2.950
	7/27/11	2.980
	7/26/11	2.950
	7/25/11	3.000
	7/22/11	2.960
	7/21/11	3.010
	7/20/11	2.930
	7/19/11	2.890
	7/18/11	2.910
	7/15/11	2.910
	7/14/11	2.940
	7/13/11	2.890
	7/12/11	2.910
	7/11/11	2.920
	7/8/11	3.020
	7/7/11	3.140
	7/6/11	3.100
	7/5/11	3.150
	7/1/11	3.200
	6/30/11	3.160
	6/29/11	3.110
	6/28/11	3.050
	6/27/11	2.930
	6/24/11	2.870
	6/22/11	2.990
	6/21/11	2.990
	6/20/11	2.960
	6/17/11	2.940
	6/16/11	2.910
	6/15/11	2.970
	6/14/11	3.100
	6/13/11	2.990
	6/10/11	2.970
	6/9/11	3.000
	6/8/11	2.960
	6/7/11	3.010
	6/6/11	3.000
	6/3/11	3.000
	6/2/11	3.030
	6/1/11	2.970
	5/31/11	3.050
	5/27/11	3.060
	5/26/11	3.060
	5/25/11	3.130
	5/24/11	3.120
	5/23/11	3.130
	5/20/11	3.150
	5/19/11	3.170
	5/18/11	3.170
	5/17/11	3.120
	5/16/11	3.150
	5/13/11	3.190
	5/12/11	3.230
	5/11/11	3.160
	5/10/11	3.200
	5/9/11	3.140
	5/6/11	3.160
	5/5/11	3.170
	5/4/11	3.220
	5/3/11	3.260
	5/2/11	3.290
	4/29/11	3.300
	4/28/11	3.310
	4/27/11	3.320
	4/26/11	3.360
	4/25/11	3.320
	4/21/11	3.400
	4/20/11	3.360
	4/19/11	3.360
	4/18/11	3.370
	4/15/11	3.410
	4/14/11	3.480
	4/13/11	3.470
	4/12/11	3.500
	4/11/11	3.570
	4/8/11	3.570
	4/7/11	3.560
	4/6/11	3.500
	4/5/11	3.400
	4/4/11	3.430
	4/1/11	3.450
	3/31/11	3.450
	3/30/11	3.490
	3/29/11	3.490
	3/28/11	3.450
	3/25/11	3.440
	3/24/11	3.400
	3/23/11	3.350
	3/22/11	3.332
	3/21/11	3.323
	3/18/11	3.280
3/17/11	3.250
	3/16/11	3.210
	3/15/11	3.320
	3/14/11	3.347
	3/11/11	3.393
	3/10/11	3.390
	3/9/11	3.470
	3/4/11	3.492
	3/3/11	3.572
	3/2/11	3.464
	3/1/11	3.410
	2/28/11	3.410
	2/25/11	3.425
	2/24/11	3.440
	2/23/11	3.490
	2/22/11	3.461
	2/21/11	3.589
	2/18/11	3.589
	2/17/11	3.574
	2/16/11	3.620
	2/15/11	3.620
	2/14/11	3.614
	2/11/11	3.646
	2/10/11	3.708
	2/9/11	3.640
	2/8/11	3.730
	2/7/11	3.640
	2/4/11	3.650
	2/3/11	3.541
	2/2/11	3.490
	2/1/11	3.440
	1/31/11	3.378
	1/28/11	3.329
	1/27/11	3.390
	1/26/11	3.430
	1/25/11	3.320
	1/24/11	3.410
	1/21/11	3.416
	1/20/11	3.459
	1/19/11	3.340
	1/18/11	3.360
	1/14/11	3.330
	1/13/11	3.300
	1/12/11	3.355
	1/11/11	3.340
	1/10/11	3.300
	1/7/11	3.330
	1/6/11	3.420
	1/5/11	3.483
	1/4/11	3.346
	1/3/11	3.342
	12/31/10	3.305
	12/30/10	3.369
	12/29/10	3.341
	12/28/10	3.480
	12/27/10	3.350
	12/23/10	3.390
	12/22/10	3.350
	12/21/10	3.330
	12/20/10	3.350
	12/17/10	3.330
	12/16/10	3.480
	12/15/10	3.520
	12/14/10	3.460
	12/13/10	3.280
	12/10/10	3.300
	12/9/10	3.223
	12/8/10	3.240
	12/7/10	3.170
	12/6/10	2.940
	12/3/10	3.020
	12/2/10	3.000
	12/1/10	2.964
	11/30/10	2.800
	11/29/10	2.820
	11/24/10	2.910
	11/23/10	2.760
	11/22/10	2.810
	11/19/10	2.880
	11/18/10	2.900
	11/17/10	2.860
	11/16/10	2.850
	11/15/10	2.910
	11/12/10	2.760
	11/10/10	2.650
	11/9/10	2.660
	11/8/10	2.560
	11/5/10	2.540
	11/4/10	2.620
	11/3/10	2.590
	11/1/10	2.630
	10/29/10	2.612
	10/28/10	2.660
	10/27/10	2.710
	10/26/10	2.640
	10/25/10	2.550
	10/22/10	2.560
	10/21/10	2.530
	10/20/10	2.470
	10/19/10	2.480
	10/18/10	2.490
	10/15/10	2.580
	10/14/10	2.500
	10/13/10	2.430
	10/8/10	2.380
	10/7/10	2.400
	10/6/10	2.400
	10/5/10	2.430
	10/4/10	2.480
	10/1/10	2.530
	9/30/10	2.520
	9/29/10	2.510
	9/28/10	2.456
	9/27/10	2.520
	9/24/10	2.612
	9/23/10	2.555
	9/22/10	2.550
	9/21/10	2.590
	9/20/10	2.710
	9/17/10	2.750
	9/16/10	2.759
	9/15/10	2.723
	9/14/10	2.670
	9/13/10	2.741
	9/10/10	2.800
	9/9/10	2.760
	9/8/10	2.650
	9/3/10	2.710
	9/2/10	2.630
	9/1/10	2.580
	8/31/10	2.480
	8/30/10	2.550
	8/27/10	2.650
	8/26/10	2.500
	8/25/10	2.540
	8/24/10	2.980
	8/23/10	2.610
	8/20/10	2.610
	8/19/10	2.580
	8/18/10	2.640
	8/17/10	2.650
	8/16/10	2.580
	8/13/10	2.690
	8/12/10	2.740
	8/11/10	2.690
	8/10/10	2.780
	8/9/10	2.820
	8/6/10	2.820
	8/5/10	2.920
	8/4/10	2.930
	8/3/10	2.910
	8/2/10	2.960
	7/30/10	2.910
	7/29/10	3.000
	7/28/10	3.000
	7/27/10	3.050
	7/26/10	2.990
	7/23/10	2.990
	7/22/10	2.930
	7/21/10	2.890
	7/20/10	2.930
	7/19/10	2.960
	7/16/10	2.940
	7/15/10	3.330
	7/14/10	3.050
	7/13/10	3.110
	7/12/10	3.050
	7/9/10	3.060
	7/8/10	3.020
	7/7/10	2.980
	7/6/10	2.930
	7/2/10	2.980
	7/1/10	2.930
	6/30/10	2.950
	6/29/10	2.970
	6/28/10	3.030
	6/25/10	3.110
	6/24/10	3.120
	6/23/10	3.120
	6/22/10	3.170
	6/21/10	3.240
	6/18/10	3.220
	6/17/10	3.190
	6/16/10	3.280
	6/15/10	3.310
	6/14/10	3.280
	6/11/10	3.220
	6/10/10	3.320
	6/9/10	3.190
	6/8/10	3.170
	6/7/10	3.180
	6/4/10	3.200
	6/2/10	3.330
	6/1/10	3.300
	5/28/10	3.300
	5/27/10	3.340
	5/26/10	3.220
	5/25/10	3.160
	5/24/10	3.230
	5/21/10	3.200
	5/20/10	3.260
	5/19/10	3.360
	5/18/10	3.380
	5/17/10	3.470
	5/14/10	3.440
	5/13/10	3.560
	5/12/10	3.570
	5/11/10	3.540
	5/10/10	3.400
	5/7/10	3.430
	5/6/10	3.400
	5/5/10	3.550
	5/4/10	3.610
	5/3/10	3.700
	4/30/10	3.660
	4/29/10	3.730
	4/28/10	3.770
	4/27/10	3.690
	4/26/10	3.820
	4/23/10	3.820
	4/22/10	3.770
	4/20/10	3.790
	4/19/10	3.810
	4/16/10	3.770
	4/15/10	3.850
	4/14/10	3.860
	4/13/10	3.810
	4/12/10	3.850
	4/9/10	3.890
	4/8/10	3.900
	4/7/10	3.870
	4/6/10	3.970
	4/5/10	3.990
	4/1/10	3.860
	3/31/10	3.830
	3/30/10	3.870
	3/29/10	3.860
T-Bond (10y)
	
EMBI
	
	Data	EMBI
	3/28/13	189		spot	189
	3/27/13	191		média 10du	188
	3/26/13	191		média 1mes	180
	3/25/13	191
	3/22/13	194
	3/21/13	189
	3/20/13	187
	3/19/13	188
	3/18/13	179
	3/15/13	179
	3/14/13	174
	3/13/13	177
	3/12/13	169
	3/11/13	170
	3/8/13	167
	3/7/13	166
	3/6/13	167
	3/5/13	171
	3/4/13	178
	3/1/13	182
	2/28/13	178
	2/27/13	173
	2/26/13	176
	2/25/13	173
	2/22/13	171
	2/21/13	171
	2/20/13	169
	2/19/13	158
	2/15/13	158
	2/14/13	156
	2/13/13	154
	2/8/13	155
	2/7/13	156
	2/6/13	156
	2/5/13	153
	2/4/13	155
	2/1/13	151
	1/31/13	155
	1/30/13	153
	1/29/13	150
	1/28/13	148
	1/25/13	147
	1/24/13	151
	1/23/13	149
	1/22/13	148
	1/18/13	147
	1/17/13	146
	1/16/13	148
	1/15/13	147
	1/14/13	143
	1/11/13	147
	1/10/13	146
	1/9/13	148
	1/8/13	146
	1/7/13	142
	1/4/13	137
	1/3/13	137
	1/2/13	136
	12/31/12	142
	12/28/12	148
	12/27/12	146
	12/26/12	142
	12/24/12	141
	12/21/12	143
	12/20/12	138
	12/19/12	137
	12/18/12	138
	12/17/12	140
	12/14/12	146
	12/13/12	147
	12/12/12	148
	12/11/12	153
	12/10/12	155
	12/7/12	154
	12/6/12	158
	12/5/12	158
	12/4/12	156
	12/3/12	155
	11/30/12	153
	11/29/12	152
	11/28/12	155
	11/27/12	154
	11/26/12	155
	11/21/12	154
	11/20/12	158
	11/19/12	162
	11/16/12	165
	11/15/12	166
	11/14/12	164
	11/13/12	160
	11/9/12	154
	11/8/12	152
	11/7/12	147
	11/6/12	143
	11/5/12	147
	11/2/12	153
	11/1/12	152
	10/31/12	158
	10/29/12	157
	10/26/12	154
	10/25/12	144
	10/24/12	145
	10/23/12	146
	10/22/12	145
	10/19/12	145
	10/18/12	137
	10/17/12	140
	10/16/12	146
	10/15/12	151
	10/12/12	152
	10/11/12	155
	10/10/12	153
	10/9/12	149
	10/5/12	146
	10/4/12	153
	10/3/12	157
	10/2/12	159
	10/1/12	162
	9/28/12	166
	9/27/12	166
	9/26/12	168
	9/25/12	164
	9/24/12	157
	9/21/12	154
	9/20/12	156
	9/19/12	156
	9/18/12	155
	9/17/12	153
	9/14/12	152
	9/13/12	157
	9/12/12	157
	9/11/12	163
	9/10/12	165
	9/7/12	166
	9/6/12	168
	9/5/12	176
	9/4/12	176
	8/31/12	181
	8/30/12	175
	8/29/12	173
	8/28/12	173
	8/27/12	177
	8/24/12	174
	8/23/12	172
	8/22/12	169
	8/21/12	167
	8/20/12	168
	8/17/12	167
	8/16/12	166
	8/15/12	163
	8/14/12	166
	8/13/12	169
	8/10/12	169
	8/9/12	165
	8/8/12	164
	8/7/12	169
	8/6/12	173
	8/3/12	174
	8/2/12	182
	8/1/12	175
	7/31/12	183
	7/30/12	182
	7/27/12	190
	7/26/12	207
	7/25/12	210
	7/24/12	211
	7/23/12	205
	7/20/12	198
	7/19/12	197
	7/18/12	199
	7/17/12	195
	7/16/12	200
	7/13/12	203
	7/12/12	206
	7/11/12	208
	7/10/12	211
	7/9/12	208
	7/6/12	208
	7/5/12	205
	7/3/12	205
	7/2/12	213
	6/29/12	208
	6/28/12	219
	6/27/12	213
	6/26/12	213
	6/25/12	214
	6/22/12	208
	6/21/12	212
	6/20/12	211
	6/19/12	211
	6/18/12	211
	6/15/12	203
	6/14/12	213
	6/13/12	214
	6/12/12	216
	6/11/12	226
	6/8/12	222
	6/6/12	221
	6/5/12	234
	6/4/12	244
	6/1/12	251
	5/31/12	244
	5/30/12	237
	5/29/12	229
	5/25/12	229
	5/24/12	229
	5/23/12	234
	5/22/12	223
	5/21/12	226
	5/18/12	228
	5/17/12	227
	5/16/12	216
	5/15/12	212
	5/14/12	208
	5/11/12	201
	5/10/12	195
	5/9/12	196
	5/8/12	193
	5/7/12	188
	5/4/12	187
	5/3/12	182
	5/2/12	183
	4/30/12	188
	4/27/12	188
	4/26/12	186
	4/25/12	185
	4/24/12	185
	4/23/12	188
	4/20/12	183
	4/19/12	181
	4/18/12	184
	4/17/12	183
	4/16/12	190
	4/13/12	188
	4/12/12	181
	4/11/12	188
	4/10/12	194
	4/9/12	196
	4/5/12	185
	4/4/12	178
	4/3/12	171
	4/2/12	178
	3/30/12	177
	3/29/12	183
	3/28/12	179
	3/27/12	177
	3/26/12	173
	3/23/12	174
	3/22/12	171
	3/21/12	167
	3/20/12	165
	3/19/12	166
	3/16/12	171
	3/15/12	169
	3/14/12	166
	3/13/12	172
	3/12/12	176
	3/9/12	182
	3/8/12	186
	3/7/12	195
	3/6/12	200
	3/5/12	191
	3/2/12	190
	3/1/12	193
	2/29/12	196
	2/28/12	202
	2/27/12	206
	2/24/12	201
	2/23/12	201
	2/22/12	197
	2/17/12	198
	2/16/12	202
	2/15/12	205
	2/14/12	203
	2/13/12	196
	2/10/12	201
	2/9/12	196
	2/8/12	203
	2/7/12	203
	2/6/12	210
	2/3/12	207
	2/2/12	218
	2/1/12	216
	1/31/12	224
	1/30/12	224
	1/27/12	218
	1/26/12	218
	1/25/12	210
	1/24/12	212
	1/23/12	209
	1/20/12	213
	1/19/12	218
	1/18/12	230
	1/17/12	234
	1/13/12	237
	1/12/12	229
	1/11/12	233
	1/10/12	224
	1/9/12	220
	1/6/12	219
	1/5/12
214
	1/4/12	216
	1/3/12	217
	12/30/11	223
	12/29/11	223
	12/28/11	220
	12/27/11	211
	12/23/11	210
	12/22/11	219
	12/21/11	217
	12/20/11	223
	12/19/11	235
	12/16/11	231
	12/15/11	221
	12/14/11	222
	12/13/11	213
	12/12/11	211
	12/9/11	208
	12/8/11	221
	12/7/11	221
	12/6/11	214
	12/5/11	220
	12/2/11	224
	12/1/11	219
	11/30/11	228
	11/29/11	237
	11/28/11	241
	11/23/11	248
	11/22/11	239
	11/21/11	241
	11/18/11	232
	11/17/11	236
	11/16/11	225
	11/15/11	219
	11/14/11	220
	11/10/11	220
	11/9/11	230
	11/8/11	213
	11/7/11	223
	11/4/11	219
	11/3/11	215
	11/2/11	225
	11/1/11	229
	10/31/11	222
	10/28/11	212
	10/27/11	197
	10/26/11	224
	10/25/11	233
	10/24/11	226
	10/21/11	231
	10/20/11	237
	10/19/11	235
	10/18/11	232
	10/17/11	232
	10/14/11	225
	10/13/11	233
	10/12/11	223
	10/11/11	239
	10/7/11	257
	10/6/11	262
	10/5/11	279
	10/4/11	289
	10/3/11	288
	9/30/11	275
	9/29/11	270
	9/28/11	265
	9/27/11	264
	9/26/11	282
	9/23/11	278
	9/22/11	282
	9/21/11	254
	9/20/11	244
	9/19/11	251
	9/16/11	231
	9/15/11	228
	9/14/11	233
	9/13/11	228
	9/12/11	232
	9/9/11	228
	9/8/11	217
	9/7/11	211
	9/6/11	217
	9/2/11	214
	9/1/11	203
	8/31/11	194
	8/30/11	207
	8/29/11	200
	8/26/11	210
	8/25/11	204
	8/24/11	201
	8/23/11	213
	8/22/11	214
	8/19/11	215
	8/18/11	213
	8/17/11	206
	8/16/11	206
	8/15/11	199
	8/12/11	214
	8/11/11	215
	8/10/11	221
	8/9/11	217
	8/8/11	212
	8/5/11	179
	8/4/11	186
	8/3/11	166
	8/2/11	162
	8/1/11	157
	7/29/11	157
	7/28/11	153
	7/27/11	156
	7/26/11	159
	7/25/11	159
	7/22/11	163
	7/21/11	161
	7/20/11	166
	7/19/11	171
	7/18/11	170
	7/15/11	173
	7/14/11	172
	7/13/11	176
	7/12/11	173
	7/11/11	173
	7/8/11	163
	7/7/11	153
	7/6/11	159
	7/5/11	154
	7/1/11	147
	6/30/11	148
	6/29/11	154
	6/28/11	160
	6/27/11	168
	6/24/11	175
	6/22/11	166
	6/21/11	167
	6/20/11	172
	6/17/11	179
	6/16/11	179
	6/15/11	174
	6/14/11	161
	6/13/11	176
	6/10/11	177
	6/9/11	176
	6/8/11	179
	6/7/11	175
	6/6/11	177
	6/3/11	175
	6/2/11	174
	6/1/11	183
	5/31/11	175
	5/27/11	175
	5/26/11	174
	5/25/11	166
	5/24/11	165
	5/23/11	165
	5/20/11	162
	5/19/11	163
	5/18/11	166
	5/17/11	169
	5/16/11	169
	5/13/11	168
	5/12/11	167
	5/11/11	171
	5/10/11	166
	5/9/11	168
	5/6/11	171
	5/5/11	171
	5/4/11	173
	5/3/11	169
	5/2/11	165
	4/29/11	169
	4/28/11	176
	4/27/11	176
	4/26/11	179
	4/25/11	179
	4/21/11	176
	4/20/11	176
	4/19/11	181
	4/18/11	178
	4/15/11	175
	4/14/11	171
	4/13/11	171
	4/12/11	170
	4/11/11	164
	4/8/11	164
	4/7/11	164
	4/6/11	163
	4/5/11	168
	4/4/11	169
	4/1/11	171
	3/31/11	173
	3/30/11	170
	3/29/11	173
	3/28/11	170
	3/25/11	171
	3/24/11	173
	3/23/11	176
	3/22/11	178
	3/21/11	177
	3/18/11	184
	3/17/11	187
	3/16/11	191
	3/15/11	180
	3/14/11	174
	3/11/11	171
	3/10/11	173
	3/9/11	161
	3/4/11	166
	3/3/11	162
	3/2/11	168
	3/1/11	174
	2/28/11	177
	2/25/11	186
	2/24/11	188
	2/23/11	184
	2/22/11	183
	2/21/11	176
	2/18/11	176
	2/17/11	175
	2/16/11	175
	2/15/11	180
	2/14/11	181
	2/11/11	176
	2/10/11	171
	2/9/11	173
	2/8/11	162
	2/7/11	163
	2/4/11	160
	2/3/11	165
	2/2/11	165
	2/1/11	169
	1/31/11	179
	1/28/11	186
	1/27/11	174
	1/26/11	166
	1/25/11	173
	1/24/11	165
	1/21/11	169
	1/20/11	172
	1/19/11	175
	1/18/11	167
	1/14/11	169
	1/13/11	168
	1/12/11	166
	1/11/11	168
	1/10/11	173
	1/7/11	169
	1/6/11	165
	1/5/11	164
	1/4/11	167
	1/3/11	181
	12/31/10	189
	12/30/10	180
	12/29/10	184
	12/28/10	178
	12/27/10	178
	12/23/10	179
	12/22/10	181
	12/21/10	186
	12/20/10	183
	12/17/10	199
	12/16/10	184
	12/15/10	175
	12/14/10	166
	12/13/10	172
	12/10/10	167
	12/9/10	168
	12/8/10	168
	12/7/10	162
	12/6/10	176
	12/3/10	171
	12/2/10	178
	12/1/10	183
	11/30/10	198
	11/29/10	192
	11/24/10	177
	11/23/10	189
	11/22/10	183
	11/19/10	177
	11/18/10	175
	11/17/10	175
	11/16/10	187
	11/15/10	171
	11/12/10	176
	11/10/10	175
	11/9/10	174
	11/8/10	180
	11/5/10	174
	11/4/10	176
	11/3/10	172
	11/1/10	171
	10/29/10	175
	10/28/10	173
	10/27/10	171
	10/26/10	174
	10/25/10	178
	10/22/10	183
	10/21/10	186
	10/20/10	187
	10/19/10	191
	10/18/10	181
	10/15/10	172
	10/14/10	176
	10/13/10	180
	10/8/10	197
	10/7/10	201
	10/6/10	202
	10/5/10	204
	10/4/10	206
	10/1/10	203
	9/30/10	206
	9/29/10	207
	9/28/10	215
	9/27/10	209
	9/24/10	205
	9/23/10	214
	9/22/10	213
	9/21/10	213
	9/20/10	201
	9/17/10	199
	9/16/10	195
	9/15/10	206
	9/14/10	215
	9/13/10	213
	9/10/10	212
	9/9/10	216
	9/8/10	224
	9/3/10	213
	9/2/10	220
	9/1/10	222
	8/31/10	233
	8/30/10	229
	8/27/10	216
	8/26/10	222
	8/25/10	212
	8/24/10	215
	8/23/10	202
	8/20/10	204
	8/19/10	202
	8/18/10	197
	8/17/10	199
	8/16/10	208
	8/13/10	200
	8/12/10	195
	8/11/10	195
	8/10/10	195
	8/9/10	194
	8/6/10	208
	8/5/10	205
	8/4/10	200
	8/3/10	205
	8/2/10	204
	7/30/10	214
	7/29/10	204
	7/28/10	207
	7/27/10	202
	7/26/10	204
	7/23/10	210
	7/22/10	218
	7/21/10	226
	7/20/10	220
	7/19/10	221
	7/16/10	228
	7/15/10	227
	7/14/10	221
	7/13/10	212
	7/12/10	223
	7/9/10	229
	7/8/10	233
	7/7/10	236
	7/6/10	244
	7/2/10	247
	7/1/10	250
	6/30/10	248
	6/29/10	249
	6/28/10	238
	6/25/10	237
	6/24/10	236
	6/23/10	238
	6/22/10	233
	6/21/10	222
	6/18/10	223
	6/17/10	229
	6/16/10	224
	6/15/10	223
	6/14/10	234
	6/11/10	242
	6/10/10	234
	6/9/10	247
	6/8/10	251
	6/7/10	244
	6/4/10	245
	6/2/10	230
	6/1/10	235
	5/28/10	235
	5/27/10	227
	5/26/10	239
	5/25/10	249
	5/24/10	241
	5/21/10	246
	5/20/10	243
	5/19/10	230
	5/18/10	225
	5/17/10	210
	5/14/10	212
	5/13/10	197
	5/12/10	196
	5/11/10	210
	5/10/10	214
	5/7/10	240
	5/6/10	248
	5/5/10	218
	5/4/10	206
	5/3/10	190
	4/30/10	196
	4/29/10	190
	4/28/10	186
	4/27/10	194
	4/26/10	176
	4/23/10	178
	4/22/10	180
	4/20/10	175
	4/19/10	175
	4/16/10	177
	4/15/10	167
	4/14/10	170
	4/13/10	179
	4/12/10	180
	4/9/10	176
	4/8/10	175
	4/7/10	182
	4/6/10	173
	4/5/10	172
	4/1/10	184
	3/31/10	185
	3/30/10	182
	3/29/10	182
EMBI
	
Cotações AGSX3
					Retorno Diário				D / (D+E) Atual	10.0%
					2 anos	1.23			Beta Alav	1.230
									Beta Desalav	1.146
	
	Data	Índice	AGSX3		Δ Índice	Δ AGSX3
	3/28/13	58,314.5	26.2		0.3%	-1.9%
	3/27/13	58,137.8	26.7		-1.9%	-4.3%
	3/26/13	59,258.3	27.9		0.9%	1.5%
	3/25/13	58,725.0	27.5		2.3%	7.0%
	3/22/13	57,381.9	25.7		-2.8%	-5.5%
	3/21/13	59,022.3	27.2		1.3%	-1.1%
	3/20/13	58,265.7	27.5		3.5%	6.6%
	3/19/13	56,281.7	25.8		-1.0%	-2.3%
	3/18/13	56,844.6	26.4		-2.3%	-1.9%
	3/15/13	58,207.4	26.9		4.5%	1.9%
	3/14/13	55,724.5	26.4		0.5%	2.7%
	3/13/13	55,452.9	25.7		-0.1%	6.6%
	3/12/13	55,523.5	24.1		1.7%	1.3%
	3/11/13	54,579.6	23.8		-2.8%	-9.2%
	3/8/13	56,173.8	26.2		-0.2%	6.1%
	3/7/13	56,311.9	24.7		-0.7%	0.8%
	3/6/13	56,710.5	24.5		2.1%	-2.0%
	3/5/13	55,544.1	25.0		-2.1%	-2.0%
	3/4/13	56,710.5	25.5		-0.3%	2.8%
	3/1/13	56,880.7	24.8		2.5%	-0.8%
	2/28/13	55,488.6	25.0		-0.8%	-7.1%
	2/27/13	55,953.5	26.9		2.8%	-1.8%
	2/26/13	54,423.4	27.4		-2.2%	-1.8%
	2/25/13	55,675.1	27.9		-1.9%	5.7%
	2/22/13	56,736.8	26.4		7.3%	-8.0%
	2/21/13	52,889.5	28.7		4.0%	5.5%
	2/20/13	50,851.6	27.2		2.1%	-3.5%
	2/19/13	49,795.9	28.2		-1.4%	1.8%
	2/15/13	50,498.0	27.7		-4.3%	-4.2%
	2/14/13	52,783.9	28.9		9.0%	6.3%
	2/13/13	48,406.6	27.2		5.0%	6.7%
	2/8/13	46,118.5	25.5		-2.0%	-1.2%
	2/7/13	47,074.2	25.8		-1.0%	-4.4%
	2/6/13	47,544.9	27.0		-0.3%	0.0%
	2/5/13	47,686.5	27.0		1.3%	1.1%
	2/4/13	47,074.2	26.7		-2.0%	-1.8%
	2/1/13	48,034.9	27.2		-2.7%	-7.5%
	1/31/13	49,360.7	29.4		2.0%	6.1%
	1/30/13	48,373.5	27.7		0.7%	1.1%
	1/29/13	48,034.9	27.4		-2.4%	-6.2%
	1/28/13	49,213.1	29.2		-1.9%	1.7%
	1/25/13	50,148.3	28.7		0.3%	4.7%
	1/24/13	50,004.8	27.4		1.0%	1.9%
	1/23/13	49,504.7	26.9		-3.0%	-10.6%
	1/22/13	51,051.0	30.1		0.6%	3.4%
	1/18/13	50,766.3	29.1		2.0%	-1.0%
	1/17/13	49,766.8	29.4		-2.1%	-6.1%
	1/16/13	50,829.6	31.3		1.5%	7.2%
	1/15/13	50,067.2	29.2		0.0%	-1.4%
	1/14/13	50,065.4	29.6
1.5%	0.0%
	1/11/13	49,349.1	29.6		-2.0%	-6.0%
	1/10/13	50,356.2	31.5		-1.0%	-7.4%
	1/9/13	50,864.9	34.0		1.0%	3.0%
	1/8/13	50,356.2	33.0		0.0%	6.8%
	1/7/13	50,356.2	30.9		1.0%	-2.8%
	1/4/13	49,867.5	31.8		-3.0%	-1.5%
	1/3/13	51,409.8	32.3		1.0%	-0.9%
	1/2/13	50,900.9	32.6		0.0%	1.9%
	12/31/12	50,900.9	32.0		-1.0%	-0.3%
	12/28/12	51,409.8	32.1		2.0%	-3.6%
	12/27/12	50,396.8	33.3		-0.0%	6.4%
	12/26/12	50,400.1	31.3		1.9%	4.7%
	12/24/12	49,456.6	29.9		-0.6%	0.3%
	12/21/12	49,753.3	29.8		-2.1%	-10.2%
	12/20/12	50,803.3	33.2		4.3%	12.2%
	12/19/12	48,725.7	29.6		-2.9%	-13.5%
	12/18/12	50,174.7	34.2		0.7%	-0.3%
	12/17/12	49,828.1	34.3		-1.1%	0.0%
	12/14/12	50,376.3	34.3		2.9%	6.2%
	12/13/12	48,970.6	32.3		-2.8%	-4.2%
	12/12/12	50,382.3	33.7		0.0%	-0.9%
	12/11/12	50,382.3	34.0		3.0%	4.6%
	12/10/12	48,905.3	32.5		-1.0%	0.0%
	12/7/12	49,394.4	32.5		-2.0%	-5.0%
	12/6/12	50,382.3	34.2		3.0%	7.5%
	12/5/12	48,905.3	31.8		-4.9%	-10.4%
	12/4/12	51,446.8	35.5		1.0%	-3.8%
	12/3/12	50,937.4	36.9		0.0%	4.8%
	11/30/12	50,937.4	35.2		2.1%	5.1%
	11/29/12	49,903.4	33.5		-4.0%	-11.6%
	11/28/12	51,976.9	37.9		1.0%	-0.5%
	11/27/12	51,472.4	38.1		-4.0%	-5.0%
	11/26/12	53,617.1	40.1		4.2%	7.2%
	11/21/12	51,472.4	37.4		1.0%	1.4%
	11/20/12	50,957.7	36.9		-4.4%	-7.3%
	11/19/12	53,297.3	39.8		-3.3%	-8.3%
	11/16/12	55,106.9	43.4		1.4%	-2.5%
	11/15/12	54,344.8	44.5		-0.2%	2.3%
	11/14/12	54,453.5	43.5		1.6%	3.1%
	11/13/12	53,619.1	42.2		-3.6%	-9.1%
	11/9/12	55,624.3	46.4		5.7%	8.7%
	11/8/12	52,648.2	42.7		2.9%	3.4%
	11/7/12	51,155.1	41.3		-1.0%	-1.7%
	11/6/12	51,666.6	42.0		-3.0%	-5.0%
	11/5/12	53,279.9	44.2		2.6%	2.8%
	11/2/12	51,934.1	43.0		1.0%	-0.5%
	11/1/12	51,430.1	43.2		-5.3%	-5.9%
	10/31/12	54,299.9	45.9		0.3%	-0.6%
	10/29/12	54,136.9	46.2		6.3%	11.3%
	10/26/12	50,915.8	41.5		-5.4%	-8.0%
	10/25/12	53,815.5	45.1		-0.9%	1.3%
	10/24/12	54,303.8	44.5		3.0%	4.2%
	10/23/12	52,721.2	42.7		-1.7%	-2.7%
	10/22/12	53,628.1	43.9		-0.4%	-3.3%
	10/19/12	53,869.4	45.4		3.9%	8.1%
	10/18/12	51,872.0	42.0		-1.5%	-2.8%
	10/17/12	52,686.6	43.2		0.7%	-2.7%
	10/16/12	52,333.2	44.4		1.7%	3.3%
	10/15/12	51,475.9	43.0		0.2%	3.1%
	10/12/12	51,376.3	41.7		2.3%	-0.7%
	10/11/12	50,228.1	42.0		-2.4%	-7.9%
	10/10/12	51,447.0	45.6		-2.1%	-2.1%
	10/9/12	52,563.5	46.6		0.5%	0.9%
	10/5/12	52,309.6	46.2		2.6%	6.5%
	10/4/12	50,961.9	43.4		-6.5%	-13.7%
	10/3/12	54,499.3	50.3		0.9%	1.4%
	10/2/12	53,995.8	49.6		-2.8%	-8.5%
	10/1/12	55,562.5	54.2		0.8%	3.8%
	9/28/12	55,125.8	52.2		2.0%	4.8%
	9/27/12	54,024.4	49.8		-2.1%	-10.4%
	9/26/12	55,207.6	55.6		-0.7%	4.9%
	9/25/12	55,571.1	53.0		0.4%	-0.7%
	9/24/12	55,353.8	53.4		-0.6%	0.0%
	9/21/12	55,692.6	53.4		0.9%	-4.0%
	9/20/12	55,188.2	55.6		2.6%	8.4%
	9/19/12	53,789.0	51.3		-4.3%	-7.4%
	9/18/12	56,186.7	55.4		0.8%	-3.8%
	9/17/12	55,735.2	57.6		-1.5%	-1.5%
	9/14/12	56,569.0	58.5		4.6%	11.4%
	9/13/12	54,074.6	52.5		-1.8%	-8.9%
	9/12/12	55,070.5	57.6		-1.0%	-1.9%
	9/11/12	55,604.8	58.7		-2.7%	-3.3%
	9/10/12	57,118.5	60.7		-0.9%	-1.3%
	9/7/12	57,637.7	61.5		5.4%	8.7%
	9/6/12	54,707.3	56.6		-3.2%	-3.7%
	9/5/12	56,490.8	58.8		2.1%	-2.0%
	9/4/12	55,336.9	60.0		-1.7%	-3.8%
	8/31/12	56,292.9	62.4		2.0%	4.0%
	8/30/12	55,163.7	60.0		-1.7%	2.9%
	8/29/12	56,126.6	58.3		-2.7%	-9.0%
	8/28/12	57,694.9	64.1		-2.9%	-3.6%
	8/27/12	59,443.2	66.5		4.6%	8.7%
	8/24/12	56,847.0	61.2		-3.3%	-1.4%
	8/23/12	58,763.3	62.1		0.4%	-3.9%
	8/22/12	58,546.2	64.6		-1.4%	3.5%
	8/21/12	59,369.0	62.4		-0.6%	-4.1%
	8/20/12	59,698.9	65.1		-0.4%	6.4%
	8/17/12	59,933.5	61.2		-0.1%	-0.8%
	8/16/12	60,001.3	61.7		0.6%	-3.3%
	8/15/12	59,654.1	63.8		1.6%	8.1%
	8/14/12	58,743.4	59.0		0.5%	0.0%
	8/13/12	58,442.6	59.0		-1.3%	-0.8%
	8/10/12	59,231.7	59.5		1.4%	4.4%
	8/9/12	58,424.4	57.0		-1.4%	-5.3%
	8/8/12	59,232.7	60.2		-1.9%	-8.8%
	8/7/12	60,372.2	66.0		-5.1%	-6.5%
	8/6/12	63,583.6	70.6		-2.9%	-7.1%
	8/3/12	65,480.5	76.0		0.1%	3.7%
	8/2/12	65,430.1	73.3		4.6%	4.7%
	8/1/12	62,526.9	70.0		-4.1%	-11.8%
	7/31/12	65,170.9	79.4		-0.5%	4.7%
	7/30/12	65,467.7	75.8		-0.6%	-1.3%
	7/27/12	65,851.6	76.8		0.6%	0.4%
	7/26/12	65,463.8	76.5		-0.3%	-2.2%
	7/25/12	65,667.4	78.2		-0.9%	0.9%
	7/24/12	66,274.5	77.5		-2.3%	-1.3%
	7/23/12	67,818.5	78.5		-2.3%	-7.1%
	7/20/12	69,434.5	84.5		1.9%	6.2%
	7/19/12	68,130.6	79.6		0.4%	-1.5%
	7/18/12	67,839.5	80.8		-3.5%	-5.5%
	7/17/12	70,298.5	85.5		-0.5%	-3.1%
	7/16/12	70,645.1	88.2		-2.2%	0.9%
	7/13/12	72,254.8	87.4		0.9%	-0.9%
	7/12/12	71,592.3	88.2		2.1%	3.8%
	7/11/12	70,137.1	85.0		-2.0%	-0.2%
	7/10/12	71,535.9	85.2		-0.5%	-0.1%
	7/9/12	71,923.7	85.3		-2.6%	-5.8%
	7/6/12	73,821.7	90.6		0.6%	5.3%
	7/5/12	73,378.0	86.0		2.4%	0.4%
	7/3/12	71,682.1	85.7		-5.1%	-10.0%
	7/2/12	75,559.6	95.2		1.7%	4.0%
	6/29/12	74,268.6	91.5		2.5%	11.4%
	6/28/12	72,474.3	82.1		-0.3%	-6.9%
	6/27/12	72,701.9	88.2		-2.8%	-5.4%
	6/26/12	74,789.2	93.2		3.6%	15.6%
	6/25/12	72,188.4	80.6		0.5%	7.8%
	6/22/12	71,856.1	74.8		2.3%	3.7%
	6/21/12	70,233.2	72.1		0.6%	-0.7%
	6/20/12	69,795.7	72.6		-3.1%	-6.2%
	6/19/12	72,010.5	77.4		2.7%	5.4%
	6/18/12	70,107.1	73.4		2.6%	-0.8%
	6/15/12	68,301.6	74.0		6.0%	1.6%
	6/14/12	64,464.3	72.8		-4.2%	-0.1%
	6/13/12	67,294.3	72.9		-2.7%	-0.3%
	6/12/12	69,179.3	73.1		9.9%	4.4%
	6/11/12	62,919.6	70.0		-1.3%	1.4%
	6/8/12	63,764.1	69.0		0.7%	-3.0%
	6/6/12	63,318.5	71.1		0.2%	2.3%
	6/5/12	63,166.6	69.5		-0.6%	-2.4%
	6/4/12	63,525.0	71.2		0.6%	0.0%
	6/1/12	63,117.8	71.2		-0.4%	-0.7%
	5/31/12	63,345.9	71.7		3.8%	4.1%
	5/30/12	61,048.7	68.9		-0.1%	-0.1%
	5/29/12	61,112.8	69.0		-2.5%	-2.0%
	5/25/12	62,687.1	70.4		0.5%	0.6%
	5/24/12	62,358.9	70.0		-0.5%	0.0%
	5/23/12	62,664.9	70.0		-0.3%	6.1%
	5/22/12	62,862.7	66.0		-0.2%	-3.4%
	5/21/12	62,958.3	68.3		0.6%	-3.7%
	5/18/12	62,572.8	70.9		-2.2%	10.1%
	5/17/12	63,957.6	64.4		2.0%	6.4%
	5/16/12	62,708.0	60.5		-2.6%	-4.1%
	5/15/12	64,389.7	63.1		4.8%	5.2%
	5/14/12	61,456.1	60.0		-1.2%	-3.1%
	5/11/12	62,227.7	61.9		-5.3%	-1.1%
	5/10/12	65,737.3	62.6		1.5%	2.0%
	5/9/12	64,770.8	61.4		-3.6%	1.2%
	5/8/12	67,221.1	60.7		2.0%	-1.1%
	5/7/12	65,892.2	61.4		0.8%	-1.6%
	5/4/12	65,360.8	62.4		-2.6%	5.2%
	5/3/12	67,133.2	59.3		2.3%	0.9%
	5/2/12	65,649.3	58.8		-0.0%	-0.3%
	4/30/12	65,678.1	59.0		0.7%	-1.3%
	4/27/12	65,204.6	59.8		-2.5%	3.8%
	4/26/12	66,870.4	57.6		2.5%	-0.7%
	4/25/12	65,246.2	58.0		-1.8%	0.7%
	4/24/12	66,446.3	57.6		2.8%	7.9%
	4/23/12	64,664.1	53.4		-0.1%	-1.5%
	4/20/12	64,716.4	54.2		-2.6%	-8.6%
	4/19/12	66,411.7	59.3		2.9%	15.8%
	4/18/12	64,541.4	51.2		-0.1%	-2.8%
	4/17/12	64,638.2	52.7		2.1%	0.6%
	4/16/12	63,282.6	52.4		-0.6%	-3.1%
	4/13/12	63,668.6	54.1		-3.1%	1.7%
	4/12/12	65,715.8	53.2		3.1%	-4.3%
	4/11/12	63,733.1	55.6		-2.0%	3.7%
	4/10/12	65,056.9	53.6		4.6%	-0.2%
	4/9/12	62,198.4	53.7		-2.5%	-1.8%
	4/5/12	63,794.4	54.7		0.3%	1.1%
	4/4/12	63,628.2	54.1		1.5%	-3.0%
	4/3/12	62,676.6	55.8		0.6%	2.2%
	4/2/12	62,310.1	54.6		-0.2%	0.9%
	3/30/12	62,435.0	54.1		-0.1%	0.0%
	3/29/12	62,476.8	54.1		-0.5%	-0.2%
	3/28/12	62,816.6	54.2		1.9%	2.5%
	3/27/12	61,661.8	52.9		-1.0%	2.7%
	3/26/12	62,303.8	51.5		3.9%	3.0%
	3/23/12	59,950.8	50.0		-2.3%	-3.3%
	3/22/12	61,378.8	51.7		-1.0%	-3.2%
	3/21/12	62,022.8	53.4		0.6%	5.1%
	3/20/12	61,648.0	50.8		-4.9%	-4.2%
	3/19/12	64,807.6	53.0		-2.1%	-0.4%
	3/16/12	66,176.2	53.2		1.1%	0.4%
	3/15/12	65,475.4	53.0		2.6%	-2.0%
	3/14/12	63,795.9	54.1		-5.3%	6.5%
	3/13/12	67,337.8	50.8		1.5%	0.0%
	3/12/12	66,311.0	50.8		-0.5%	-3.1%
	3/9/12	66,639.5	52.4		-2.0%	-1.9%
	3/8/12	68,018.3	53.4		0.4%	1.3%
	3/7/12	67,753.2	52.7		2.6%	-0.4%
	3/6/12	66,051.7	52.9		2.9%	4.3%
	3/5/12	64,180.2	50.7		1.3%	3.5%
	3/2/12	63,329.5	49.0		-1.0%	0.4%
	3/1/12	63,982.5	48.8		-2.6%	-7.8%
	2/29/12	65,721.8	52.9		2.9%	10.0%
	2/28/12	63,848.0	48.1		-2.2%	-1.8%
	2/27/12	65,294.0	49.0		-1.7%	1.4%
	2/24/12	66,396.4	48.3		0.3%	-2.0%
	2/23/12	66,217.1	49.3		1.2%	1.4%
	2/22/12	65,444.2	48.6		-1.2%	1.7%
	2/17/12	66,216.4	47.8		-2.3%	-5.0%
	2/16/12	67,761.5	50.3		4.7%	7.9%
	2/15/12	64,738.1	46.6
-2.2%	-2.7%
	2/14/12	66,201.9	47.9		-1.0%	-2.4%
	2/13/12	66,844.7	49.1		4.1%	6.5%
	2/10/12	64,233.2	46.1		1.6%	6.2%
	2/9/12	63,233.3	43.4		3.9%	2.6%
	2/8/12	60,877.6	42.3		-3.9%	-2.1%
	2/7/12	63,351.8	43.2		-2.0%	-6.3%
	2/6/12	64,633.9	46.1		6.9%	10.6%
	2/3/12	60,462.3	41.7		1.3%	4.8%
	2/2/12	59,663.8	39.8		3.0%	4.5%
	2/1/12	57,912.4	38.1		-3.0%	-6.2%
	1/31/12	59,713.4	40.6		-1.3%	-1.2%
	1/30/12	60,493.1	41.1		7.4%	11.4%
	1/27/12	56,321.3	36.9		-3.4%	-10.7%
	1/26/12	58,317.6	41.3		2.0%	-7.0%
	1/25/12	57,152.7	44.4		-0.2%	4.5%
	1/24/12	57,286.5	42.5		0.8%	12.1%
	1/23/12	56,831.1	37.9		-1.5%	-17.8%
	1/20/12	57,718.9	46.1		-1.3%	-10.0%
	1/19/12	58,466.2	51.2		2.5%	3.2%
	1/18/12	57,067.5	49.6		-0.9%	-1.8%
	1/17/12	57,591.4	50.5		0.3%	8.4%
	1/13/12	57,395.1	46.6		0.6%	-8.6%
	1/12/12	57,033.2	51.0		0.6%	4.5%
	1/11/12	56,685.3	48.8		2.3%	2.5%
	1/10/12	55,383.8	47.6		-0.3%	3.0%
	1/9/12	55,549.9	46.2		-2.9%	-6.9%
	1/6/12	57,225.0	49.6		3.0%	0.2%
	1/5/12	55,541.5	49.5		-1.1%	-0.6%
	1/4/12	56,173.0	49.8		4.2%	6.2%
	1/3/12	53,929.6	46.9		-0.4%	-3.3%
	12/30/11	54,128.6	48.5		-3.9%	-2.6%
	12/29/11	56,340.5	49.8		1.8%	0.4%
	12/28/11	55,357.3	49.6		0.7%	1.6%
	12/27/11	54,973.2	48.8		-0.1%	3.2%
	12/23/11	55,024.4	47.3		0.2%	-4.6%
	12/22/11	54,917.7	49.6		-0.9%	2.1%
	12/21/11	55,442.1	48.6		1.6%	10.5%
	12/20/11	54,563.4	44.0		2.1%	2.3%
	12/19/11	53,437.6	43.0		0.3%	-0.5%
	12/16/11	53,289.9	43.2		-0.6%	2.1%
	12/15/11	53,616.1	42.3		-0.2%	-0.9%
	12/14/11	53,703.7	42.7		-0.2%	-2.7%
	12/13/11	53,806.5	43.9		4.7%	3.8%
	12/12/11	51,413.8	42.3		0.7%	6.3%
	12/9/11	51,074.0	39.8		2.0%	0.0%
	12/8/11	50,091.4	39.8		-5.1%	-9.5%
	12/7/11	52,759.7	44.0		6.7%	17.0%
	12/6/11	49,466.8	37.6		3.2%	3.9%
	12/5/11	47,927.7	36.2		2.7%	-0.5%
	12/2/11	46,680.3	36.4		-3.4%	-1.9%
	12/1/11	48,322.5	37.1		-0.1%	3.1%
	11/30/11	48,349.4	36.0		1.2%	-4.3%
	11/29/11	47,794.9	37.6		-1.3%	-6.0%
	11/28/11	48,435.9	40.0		-0.4%	-3.1%
	11/23/11	48,634.6	41.3		0.2%	2.0%
	11/22/11	48,542.7	40.5		-0.3%	3.1%
	11/21/11	48,706.1	39.3		0.3%	-8.2%
	11/18/11	48,556.0	42.8		-1.6%	-3.8%
	11/17/11	49,338.0	44.5		1.1%	0.0%
	11/16/11	48,799.5	44.5		0.4%	1.1%
	11/15/11	48,614.1	44.0		0.5%	2.3%
	11/14/11	48,358.6	43.0		0.4%	-6.3%
	11/10/11	48,170.0	45.9		0.0%	-3.6%
	11/9/11	48,149.4	47.6		0.3%	2.1%
	11/8/11	48,004.4	46.6		-0.9%	-3.9%
	11/7/11	48,427.4	48.5		-1.0%	0.4%
	11/4/11	48,932.8	48.3		0.4%	-0.4%
	11/3/11	48,730.0	48.5		-2.1%	-5.3%
	11/2/11	49,759.5	51.2		0.8%	1.0%
	11/1/11	49,361.8	50.7		-0.7%	0.8%
	10/31/11	49,718.2	50.3		0.2%	1.6%
	10/28/11	49,618.7	49.5		-1.7%	-7.8%
	10/27/11	50,476.4	53.7		-2.2%	-4.3%
	10/26/11	51,596.8	56.1		1.5%	-4.1%
	10/25/11	50,829.5	58.5		-0.3%	4.3%
	10/24/11	50,995.1	56.1		-1.2%	1.3%
	10/21/11	51,632.9	55.4		2.1%	-11.2%
	10/20/11	50,548.4	62.4		1.1%	-1.3%
	10/19/11	50,021.4	63.2		-2.8%	-6.4%
	10/18/11	51,482.1	67.5		1.2%	5.0%
	10/17/11	50,880.8	64.3		0.2%	1.4%
	10/14/11	50,764.7	63.4		0.8%	-2.2%
	10/13/11	50,361.1	64.8		-2.2%	-9.2%
	10/12/11	51,470.4	71.4		-2.5%	1.7%
	10/11/11	52,802.9	70.2		-0.3%	-1.7%
	10/7/11	52,961.8	71.4		4.0%	5.0%
	10/6/11	50,936.7	68.0		-4.3%	-2.2%
	10/5/11	53,208.9	69.5		-0.8%	-2.4%
	10/4/11	53,624.1	71.2		-1.8%	2.6%
	10/3/11	54,624.0	69.4		0.6%	0.0%
	9/30/11	54,283.1	69.4		2.1%	5.5%
	9/29/11	53,189.2	65.8		-1.1%	-7.5%
	9/28/11	53,796.6	71.1		2.5%	-0.1%
	9/27/11	52,497.0	71.2		2.3%	-1.7%
	9/26/11	51,317.3	72.4		-0.5%	2.1%
	9/23/11	51,565.7	70.9		-3.2%	3.8%
	9/22/11	53,257.6	68.3		3.4%	-4.3%
	9/21/11	51,493.4	71.4		0.3%	5.5%
	9/20/11	51,334.8	67.7		4.6%	3.2%
	9/19/11	49,078.8	65.6		-2.9%	-3.8%
	9/16/11	50,543.8	68.2		-1.9%	-0.1%
	9/15/11	51,505.7	68.3		2.8%	-1.0%
	9/14/11	50,100.4	69.0		-0.3%	2.5%
	9/13/11	50,275.0	67.3		-1.0%	-5.1%
	9/12/11	50,788.2	70.9		0.6%	1.7%
	9/9/11	50,470.8	69.7		-0.5%	3.0%
	9/8/11	50,730.5	67.7		1.7%	-4.8%
	9/7/11	49,858.8	71.1		2.6%	5.3%
	9/6/11	48,575.3	67.5		-1.4%	1.8%
	9/2/11	49,251.3	66.3		-0.6%	-2.5%
	9/1/11	49,538.4	68.0		3.3%	1.8%
	8/31/11	47,955.5	66.8		-1.6%	-0.7%
	8/30/11	48,720.2	67.3		2.6%	3.7%
	8/29/11	47,492.3	64.9		2.8%	2.9%
	8/26/11	46,204.6	63.1		-1.6%	-2.0%
	8/25/11	46,941.6	64.4		-2.5%	-0.3%
	8/24/11	48,163.4	64.6		0.9%	-3.3%
	8/23/11	47,757.2	66.8		-0.5%	3.4%
	8/22/11	47,990.7	64.6		-1.4%	-7.6%
	8/19/11	48,673.4	69.9		0.0%	5.4%
	8/18/11	48,658.7	66.3		0.3%	-0.3%
	8/17/11	48,524.9	66.5		1.6%	-2.5%
	8/16/11	47,768.6	68.2		0.4%	4.4%
	8/15/11	47,575.8	65.3		0.9%	6.4%
	8/12/11	47,138.3	61.4		-0.9%	-2.4%
	8/11/11	47,564.9	62.9		-0.1%	-6.8%
	8/10/11	47,631.4	67.5		-0.7%	7.0%
	8/9/11	47,970.6	63.1		7.1%	15.6%
	8/8/11	44,778.4	54.6		1.4%	-2.7%
	8/5/11	44,179.4	56.1		-0.4%	2.2%
	8/4/11	44,342.0	54.9		-5.7%	-9.6%
	8/3/11	47,010.2	60.7		6.2%	6.5%
	8/2/11	44,252.0	57.0		1.3%	7.1%
	8/1/11	43,703.7	53.2		-2.6%	3.7%
	7/29/11	44,856.8	51.3		1.8%	-3.0%
	7/28/11	44,055.7	52.9		0.1%	-2.8%
	7/27/11	43,990.3	54.4		-2.0%	9.2%
	7/26/11	44,900.8	49.8		-2.4%	-5.0%
	7/25/11	45,985.3	52.4		-1.7%	1.4%
	7/22/11	46,787.5	51.7		1.6%	2.0%
	7/21/11	46,055.2	50.7		1.6%	-1.0%
	7/20/11	45,349.3	51.2		-0.8%	4.5%
	7/19/11	45,710.2	49.0		1.3%	7.2%
	7/18/11	45,117.6	45.7		2.4%	-1.1%
	7/15/11	44,074.9	46.2		-2.6%	-1.5%
	7/14/11	45,254.8	46.9		-0.4%	-1.5%
	7/13/11	45,445.2	47.6		3.6%	8.2%
	7/12/11	43,875.7	44.0		-1.3%	0.7%
	7/11/11	44,467.0	43.7		-2.2%	1.2%
	7/8/11	45,457.3	43.2		1.6%	2.4%
	7/7/11	44,721.4	42.2		1.9%	-1.4%
	7/6/11	43,892.4	42.8		-6.5%	-7.2%
	7/5/11	46,968.2	46.1		0.3%	5.0%
	7/1/11	46,840.4	43.9		-0.0%	0.0%
	6/30/11	46,843.4	43.9		-2.4%	-4.4%
	6/29/11	47,976.5	45.9		2.4%	1.8%
	6/28/11	46,840.4	45.1		-1.1%	1.3%
	6/27/11	47,380.2	44.5		0.8%	-0.4%
	6/24/11	46,991.1	44.7		-2.5%	-3.2%
	6/22/11	48,217.6	46.2		2.7%	1.1%
	6/21/11	46,945.1	45.7		0.2%	5.8%
	6/20/11	46,829.0	43.2		-0.4%	-2.9%
	6/17/11	46,995.7	44.5		-3.0%	-3.1%
	6/16/11	48,427.7	45.9		-4.7%	-8.7%
	6/15/11	50,801.9	50.3		1.5%	4.1%
	6/14/11	50,031.7	48.3		7.3%	9.8%
	6/13/11	46,622.3	44.0		-6.6%	-7.0%
	6/10/11	49,899.2	47.3		5.4%	7.0%
	6/9/11	47,329.0	44.2		0.4%	0.7%
	6/8/11	47,140.3	43.9		-0.3%	-1.3%
	6/7/11	47,280.3	44.5		-0.5%	-2.0%
	6/6/11	47,510.3	45.4		0.1%	2.0%
	6/3/11	47,484.0	44.5		-1.0%	-7.9%
	6/2/11	47,970.8	48.3		2.3%	7.1%
	6/1/11	46,876.3	45.1		-0.5%	-4.7%
	5/31/11	47,104.5	47.3		-0.5%	8.2%
	5/27/11	47,320.8	43.7		3.6%	-3.1%
	5/26/11	45,687.5	45.1		2.0%	5.6%
	5/25/11	44,796.2	42.7		3.8%	6.5%
	5/24/11	43,143.1	40.1		-2.1%	-3.4%
	5/23/11	44,047.0	41.5		-2.3%	-4.6%
	5/20/11	45,100.8	43.5		3.8%	4.8%
	5/19/11	43,462.5	41.5		1.2%	3.8%
	5/18/11	42,942.6	40.0		-0.1%	3.1%
	5/17/11	42,985.6	38.8		1.6%	0.5%
	5/16/11	42,316.3	38.6		-0.6%	0.0%
	5/13/11	42,556.5	38.6		0.4%	2.7%
	5/12/11	42,382.5	37.6		-1.7%	0.5%
	5/11/11	43,129.7	37.4		0.7%	-0.8%
	5/10/11	42,814.3	37.7		-2.7%	-4.3%
	5/9/11	44,015.3	39.4		3.4%	7.4%
	5/6/11	42,561.2	36.7		-2.2%	-4.4%
	5/5/11	43,526.0	38.4		-3.0%	-4.0%
	5/4/11	44,895.3	40.0		-0.4%	1.5%
	5/3/11	45,082.6	39.4		-2.4%	-2.7%
	5/2/11	46,196.2	40.5		2.9%	3.1%
	4/29/11	44,892.1	39.3		-1.1%	0.0%
	4/28/11	45,403.2	39.3		-4.0%	-2.5%
	4/27/11	47,274.9	40.3		0.3%	1.3%
	4/26/11	47,142.9	39.8		-2.1%	-4.1%
	4/25/11	48,151.3	41.5		2.8%	3.5%
	4/21/11	46,851.3	40.1		1.4%	0.2%
	4/20/11	46,206.8	40.0		1.5%	0.5%
	4/19/11	45,540.6	39.8		1.2%	3.6%
	4/18/11	45,008.9	38.4		0.1%	-3.0%
	4/15/11	44,973.4	39.6		-3.4%	-2.5%
	4/14/11	46,575.7	40.6		4.9%	9.1%
	4/13/11	44,389.7	37.2		4.1%	5.1%
	4/12/11	42,646.3	35.4		3.0%	2.6%
	4/11/11	41,384.4	34.5		-1.9%	-2.0%
	4/8/11	42,172.4	35.2		-2.6%	-3.8%
	4/7/11	43,316.8	36.6		2.8%	4.6%
	4/6/11	42,135.7	35.0		-1.1%	3.6%
	4/5/11	42,594.8	33.8		-0.8%	-7.9%
	4/4/11	42,916.9	36.7		-1.2%	3.7%
	4/1/11	43,428.6	35.4		2.9%	6.3%
	3/31/11	42,196.9	33.3		-1.1%	-9.8%
	3/30/11	42,657.1	36.9		2.9%	3.4%
	3/29/11	41,471.7	35.7		-1.1%	-4.5%
	3/28/11	41,932.6	37.4
Cotações Eurobond
	Data Base	AGSX	YTM			Juros	Amort	# dias úteis até data base			Feriados
	3/28/13	103.61	7.15%		Feb-11	4.0	"-"
1/1/10
	3/27/13	103.63	7.13%		Aug-11	4.0	"-"				1/25/10
	3/26/13	103.38	7.22%		Feb-12	4.0	"-"				2/12/10
	3/25/13	103.73	7.07%		Aug-12	4.0	"-"				2/13/10
	3/22/13	103.50	7.15%		Feb-13	4.0	"-"				4/21/10
	3/21/13	103.47	7.15%		Aug-13	4.0	"-"	89	3.9		5/1/10
	3/20/13	103.32	7.20%		Feb-14	4.0	"-"	216	3.8		6/13/10
	3/19/13	103.54	7.10%		Aug-14	4.0	"-"	341	3.6		9/9/10
	3/18/13	103.56	7.08%		Feb-15	4.0	"-"	468	3.5		9/7/10
	3/15/13	103.46	7.11%		Aug-15	4.0	"-"	594	3.4		10/12/10
	3/14/13	103.15	7.22%		Feb-16	4.0	100.0	720	85.4		11/2/10
	3/13/13	103.20	7.19%		* calcule o YTM considerando 252 dias úteis no ano						11/15/10
	3/12/13	103.45	7.08%								12/25/10
	3/11/13	103.17	7.18%		Data Base			3/28/13			1/1/11
	3/8/13	103.09	7.20%		YTM			7.15%			1/25/11
	3/7/13	103.29	7.11%		Preço			103.61			2/12/11
	3/6/13	103.29	7.10%								2/13/11
	3/5/13	103.23	7.11%		spot	7.15%					4/21/11
	3/4/13	102.92	7.22%		média 10du	7.14%					5/1/11
	3/1/13	103.07	7.15%		média 1mes	7.15%					6/13/11
	2/28/13	103.17	7.10%								9/9/11
	2/27/13	103.15	7.10%								9/7/11
	2/26/13	102.96	7.16%								10/12/11
	2/25/13	102.88	7.18%								11/2/11
											11/15/11
											12/25/11
											1/1/12
											1/25/12
											2/12/12
											2/13/12
											4/21/12
											5/1/12
											6/13/12
											9/9/12
											9/7/12
											10/12/12
											11/2/12
											11/15/12
											12/25/12
											1/1/13
											1/25/13
											2/12/13
											2/13/13
											4/21/13
											5/1/13
											6/13/13
											9/9/13
											9/7/13
											10/12/13
											11/2/13
											11/15/13
											12/25/13
											1/1/14
											1/25/14
											2/12/14
											2/13/14
											4/21/14
											5/1/14
											6/13/14
											9/9/14
											9/7/14
											10/12/14
											11/2/14
											11/15/14
											12/25/14
											1/1/15
											1/25/15
											2/12/15
											2/13/15
											4/21/15
											5/1/15
											6/13/15
											9/9/15
											9/7/15
											10/12/15
											11/2/15
											11/15/15
											12/25/15
Caso
	Taxa livre de risco (rf):	1.95%
	Prêmio país (pp):	1.80%
	Beta desalavancado	1.146
	Beta alavancado (β):	1.398
	Prêmio de mercado (pm):	4.90%
	custo do equity	10.604%
	Peso do capital próprio (E / (D+E)):	75.00%
	
	Custo da divida (rd):	7.15%
	Alíquota de IR (t):	34.00%
	custo da dívida líquido de ir	4.716%
	Peso do capitalde terceiros (D / (D+E)):	25.00%
	
	WACC (US$)
	inflação Brasileira	5.12%
	inflação Americana	2.10%
	WACC (R$)	2.96%
	
		Real			Projetado
	DRE (R$ Milhões)	2010	2011	2012	2013	2014	2015	2016	2017
	Vendas Bruta	651.7	716.0	770.0	0.0	0.0	0.0	0.0	0.0
	qtde (MM)	287.2	298.0	300.8
	elasticidade
	preço (R$)	2.269	2.403	2.560
	(-) Deduções	(131.3)	(151.7)	(157.8)
	Alíquota	20.1%	21.2%	20.5%
	(=) Receita Líquida	520.4	564.3	612.2	0.0	0.0	0.0	0.0	0.0
	(-) CPV	(243.8)	(251.5)	(281.3)
	(=) Resultado Bruto	276.6	312.8	330.9	0.0	0.0	0.0	0.0	0.0
	Margem Bruta	53.2%	55.4%	54.1%
	(-) Despesas com Vendas	(26.6)	(32.3)	(30.8)
	% Receita Líquida	5.1%	5.7%	5.0%
	(-) Despesas Gerais e Adm	(103.3)	(113.5)	(123.0)
	(-) Depreciação	(60.7)	(61.3)	(66.1)	0.0	0.0	0.0	0.0	0.0
	(=) Resultado Operacional	86.0	105.7	111.0	0.0	0.0	0.0	0.0	0.0
	Margem Operacional	16.5%	18.7%	18.1%	0.0%	0.0%	0.0%	0.0%	0.0%
	
		Real			Projetado
	Imobilizado (R$ Milhões)	2010	2011	2012	2013	2014	2015	2016	2017
	Imobilizado Bruto	735.9	828.6	933.5
	(-) Depreciação Acum	(218.5)	(279.8)	(345.9)	(345.9)	(345.9)	(345.9)	(345.9)	(345.9)
	(=) Imobilizado Líquido	517.4	548.8	587.6	(345.9)	(345.9)	(345.9)	(345.9)	(345.9)
	
	Capex				105.0	145.0	0.0	0.0	0.0
	Depreciação		61.3	66.1
	Alíquota de Depreciação		7.8%	7.5%
	
		Real			Projetado
	Cap de Giro Líquido (R$ Milhões)	2010	2011	2012	2013	2014	2015	2016	2017
	(+) Caixa Operacional	26.8	28.2	30.6
	% Receita Líquida	5.1%	5.0%	5.0%
	(+) Contas a Receber	41.7	46.3	48.2
	Dias de Recebíveis	29.2	29.9	28.7
	(+) Estoque	22.5	26.4	27.3
	Dias de Estoque	33.7	38.3	35.4
	(-) Contas a Pagar	19.1	20.7	22.4
	Dias de Fornecedores	28.6	30.0	29.1
	(-) Sal, Encargos e Impostos a Pagar	9.5	10.8	11.2
	% Receita Líquida	1.8%	1.9%	1.8%
	(=) Capital de Giro Líquido	62.4	69.4	72.5	0.0	0.0	0.0	0.0	0.0
	(=) Inv. em Capital de Giro Líquido				(72.5)	0.0	0.0	0.0	0.0
	
					Projetado
	Fluxo de Caixa (R$ Milhões)				2013	2014	2015	2016	2017	2017 Aj
	R. Operacional
	(-) IR Operacional
	(+) Depreciação
	(-) CAPEX
	(-) Inv Capital Giro Líquido
	(=) Flx de Cx para Investidores				0.0	0.0	0.0	0.0	0.0	0.0
	
					Projetado
	Perpetuidade (R$ Milhões)
	Flx Cx Ano 2017 Ajustado
	Perp em 2017
	Crescimento
	WACC			3.0%
	
	Firm Value (R$ Milhões)
	(-) Dívida Bruta
	(+) Excesso de Caixa
	(-) Passivos não Operacionais
	(+) Ativos Não Operacionais
	(=) Equity Value			0.0
	# ações (em milhões)			35.0
	preço por ação			0.0
	
		Real			Projetado
	Premissas Macroeconômicas	2010	2011	2012	2013	2014	2015	2016	2017
	IPCA	5.91%	6.50%	5.84%	5.76%	5.63%	5.30%	5.17%	5.12%
	PIB	7.53%	2.73%	0.87%	3.09%	3.55%	3.69%	3.73%	3.90%
	Selic	9.78%	11.62%	11.62%	8.21%	8.50%	8.77%	8.56%	8.38%
	CPI				1.80%	2.10%	2.30%	2.30%	2.10%
	Câmbio	1.67	1.88	2.04	2.01	2.05	2.08	2.12	2.18
	Câmbio Médio				2.03	2.03	2.06	2.10	2.15
	
	
	Ano	Δ PIB	Δ Receita		regressão linear
	2003	1.15%	-2.81%		a	(0.02)
	2004	5.71%	5.99%		b	1.15
	2005	3.16%	-0.85%
	2006	3.96%	1.71%
	2007	6.09%	6.19%
	2008	5.17%	2.92%
	2009	-0.33%	-4.23%
	2010	7.53%	4.44%
	2011	2.73%	2.38%
	2012	0.87%	1.87%
Caso
	
Δ PIB
Δ Receita