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  "documentTitle": "Deutsche Bank | Investment Banking Pitch Book | 38 slides",
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  "notes": "Includes a peer beta table, a cost of equity calculation table, and a sensitivity analysis matrix.",
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      "text": "Note: Market data as of 2/2/2018. Risk-free rate taken as 20-year US government bond yield as of 2/2/2018. Historical risk premium from Ibbotson. Size premium from Ibbotson. Betas represent 5-year historical adjusted betas from Bloomberg. Pine fully-diluted market value represents unaffected stock price of $10.15. (a) Fully diluted market value. Source: Ibbotson 2017 SBBI Yearbook, Bloomberg, SNL Financial",
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