iPayment, Inc. | 2013 | FY | 3

The fair value of the Warrants was computed using the following assumptions:
 
As of May 23, 2011
Common stock at fair value
$
9.43

Exercise price
$
0.01

Term
7.5 years

Volatility
42.68
%
Risk-free interest rate
2.54
%
Dividend yield
—

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