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Employee and Non-employee Director Stock Option and Retirement Plans (Tables)

9 Months Ended

May 31, 2020

Schedule of assumptions about stock options

The estimated fair value of employee stock options granted on November 1, 2019 was determined with the following assumptions:


November 1, 2019 Grant Details
Risk-free interest rate						1.59% - 1.79%

Expected life (years)						7.22

Expected volatility						23% - 26%

Dividend yield						1.09%

Estimated fair value						$60.19
Exercise price						$255.87
Fair value as a percentage of exercise price						23.5%

On January 15, 2020, FactSet granted 16,080 stock options to the Company's non-employee directors. These stock options cliff vest on the third anniversary of the date of grant and expire seven years from the date of grant. The Company used the Black-Scholes option-pricing model with the following assumptions:



January 15, 2020 Grant Details
Risk-free interest rate	1.64%

Expected life (years)	5.4
Expected volatility	22.0%

Dividend yield	1.11%

Estimated Fair Value	$54.74
Exercise price	$271.51
Fair value as a percentage of exercise price		20.2%