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Planning , Inc. 1980 -1996 49 27.7% AMY (two-year holding period transactions) 1980 -1997 243 22.3% Hertzel — Smith 1980 -1987 106 20.1% Johnson 1991 - 1995 72 20.0% Our methodology for determining an appropriate adjustment for lack of marketability included the following steps: 1. Exam
79.2 1,i( Nei 19AL »3 160 173 II. 1 74n Is lisfinniin if .494144‘ Need( 1C'.PO6g Nmkd Criatituy N »ha ,CarabibiyNco44.4 •Carabi(tyNco44.4 Kierdituy Nrckal •Carabii(ty Nang», ,Carabii(tyNeedeti lermbOty Nenkl, iCarabietyNca144, rnIlltr, USN!! trabietyNe6144, TIM AVM L AVA1i. - WA» I AYNLY A
Planning , Inc. 1980 -1996 49 27.7% AMY (two-year holding period transactions) 1980 -1997 243 22.3% Hertzel — Smith 1980 -1987 106 20.1% Johnson 1991 - 1995 72 20.0% Our methodology for determining an appropriate adjustment for lack of marketability included the following steps: 1. Exam
79.2 1,i( Nei 19AL »3 160 173 II. 1 74n Is lisfinniin if .494144‘ Need( 1C'.PO6g Nmkd Criatituy N »ha ,CarabibiyNco44.4 •Carabi(tyNco44.4 Kierdituy Nrckal •Carabii(ty Nang», ,Carabii(tyNeedeti lermbOty Nenkl, iCarabietyNca144, rnIlltr, USN!! trabietyNe6144, TIM AVM L AVA1i. - WA» I AYNLY A
Planning , Inc. 1980 -1996 49 27.7% AMY (two-year holding period transactions) 1980 -1997 243 22.3% Hertzel — Smith 1980 -1987 106 20.1% Johnson 1991 - 1995 72 20.0% Our methodology for determining an appropriate adjustment for lack of marketability included the following steps: 1. Exam
79.2 1,i( Nei 19AL »3 160 173 II. 1 74n Is lisfinniin if .494144‘ Need( 1C'.PO6g Nmkd Criatituy N »ha ,CarabibiyNco44.4 •Carabi(tyNco44.4 Kierdituy Nrckal •Carabii(ty Nang», ,Carabii(tyNeedeti lermbOty Nenkl, iCarabietyNca144, rnIlltr, USN!! trabietyNe6144, TIM AVM L AVA1i. - WA» I AYNLY A
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