To calculate the Toll Cost (TC):
\[ TC = T \times CPT \]
Where:
A horizon value is the expected value of a security or investment at a future date.
Let's assume the following values:
Using the formula:
\[ TC = 5 \times 2.50 = 12.50 \text{ dollars} \]
The Toll Cost is $12.50.
Let's assume the following values:
Using the formula:
\[ TC = 10 \times 3.00 = 30.00 \text{ dollars} \]
The Toll Cost is $30.00.