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Note 20: Stock Compensation Plans: Schedule of Fair Value Option Pricing Model Assumptions (Tables)
12 Months Ended
Dec. 31, 2019
Tables/Schedules  
Schedule of Fair Value Option Pricing Model Assumptions

The fair value of each option award is estimated on the date of the grant using the Black-Scholes option pricing model with the following assumptions for the years ended December 31, 2019, 2018 and 2017:

 

 

2019

2018

2017

 

 

 

 

Expected dividends per share

$1.36

$1.27

$0.95

Risk-free interest rate

1.59%

2.86%

2.03%

Expected life of options

5 years

5 years

5 years

Expected volatility

25.15%

17.61%

23.49%

Weighted average fair value of

 

 

 

options granted during year

$11.20

$8.30

$10.04