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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
onservative after 2000 and risk of all sorts (including lack of marketability) was being penalized at increasing levels in the marketplace. is From John D. Emory Sr., F.R. Dengel 111, and John D. Emory Jr., 'Expanded Study of the Value of Marketability as Illustrated in Initial Public Offerings of Common Stock; M
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
onservative after 2000 and risk of all sorts (including lack of marketability) was being penalized at increasing levels in the marketplace. is From John D. Emory Sr., F.R. Dengel 111, and John D. Emory Jr., 'Expanded Study of the Value of Marketability as Illustrated in Initial Public Offerings of Common Stock; M
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
onservative after 2000 and risk of all sorts (including lack of marketability) was being penalized at increasing levels in the marketplace. is From John D. Emory Sr., F.R. Dengel 111, and John D. Emory Jr., 'Expanded Study of the Value of Marketability as Illustrated in Initial Public Offerings of Common Stock; M
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