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onkleleeeconnrtninonsn•108114,09.44kasonoroscoanlo$ 99••••• con,al 1 Olt tot& baoho ~to 44. Soma To penal Sun osafilo F. ca... de...assn. lirda MmeMerini ir.0~ ~mot 5~1111~~4% • 048 09 . 4 944994 onlo.r.• 9•11119.01 %rag 1989 siu _paipau . kuks ", autia , 11.4.1.ow d pis en 1.01•1•08.9984 ploa
icted stock transactions from 1991 through 1995. The overall average discount for the study was 20.0%. 25 From FMV Restricted Stock Study. 26 From Michael Henze] and Richard L. Smith, "Market Discounts and Shareholder Gains for Placing Equity Privately," The Journal of Finance, June 1993, PP- 459-485. 27 Fr
onkleleeeconnrtninonsn•108114,09.44kasonoroscoanlo$ 99••••• con,al 1 Olt tot& baoho ~to 44. Soma To penal Sun osafilo F. ca... de...assn. lirda MmeMerini ir.0~ ~mot 5~1111~~4% • 048 09 . 4 944994 onlo.r.• 9•11119.01 %rag 1989 siu _paipau . kuks ", autia , 11.4.1.ow d pis en 1.01•1•08.9984 ploa
icted stock transactions from 1991 through 1995. The overall average discount for the study was 20.0%. 25 From FMV Restricted Stock Study. 26 From Michael Henze] and Richard L. Smith, "Market Discounts and Shareholder Gains for Placing Equity Privately," The Journal of Finance, June 1993, PP- 459-485. 27 Fr
onkleleeeconnrtninonsn•108114,09.44kasonoroscoanlo$ 99••••• con,al 1 Olt tot& baoho ~to 44. Soma To penal Sun osafilo F. ca... de...assn. lirda MmeMerini ir.0~ ~mot 5~1111~~4% • 048 09 . 4 944994 onlo.r.• 9•11119.01 %rag 1989 siu _paipau . kuks ", autia , 11.4.1.ow d pis en 1.01•1•08.9984 ploa
icted stock transactions from 1991 through 1995. The overall average discount for the study was 20.0%. 25 From FMV Restricted Stock Study. 26 From Michael Henze] and Richard L. Smith, "Market Discounts and Shareholder Gains for Placing Equity Privately," The Journal of Finance, June 1993, PP- 459-485. 27 Fr
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