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lower the discounts. o Companies with higher earnings have lower discounts. 17 From 'Discounts Involved in Purchases of Common Stock (1966-1969), "Institutional Investor Study Report of the Securities and Exchange Commission, MEL Doc. No. 64, Part 5, 92nd Congress, ist Session, 1971, pp. 2444-2456. CONFIDENTIAL I WTAS LLC 93 E
00..ailacnauolury (t50) ..twoolinearatelvatiParatl la..1}(•00Nos.asanesicrensol•unan) canuillosasso M1 an newrenassas rl .1.5 newreassas.n In.. Ato Itaitanessilearam.). 01....i.awitteraitnaus.) irtinevp Mantas...nano, tt pan rep emu!) apelesoisan re,'" "InwwJnaNK.ww Fen rn ouya Mai 1.0.9.01/..) wane., rap
lower the discounts. o Companies with higher earnings have lower discounts. 17 From 'Discounts Involved in Purchases of Common Stock (1966-1969), "Institutional Investor Study Report of the Securities and Exchange Commission, MEL Doc. No. 64, Part 5, 92nd Congress, ist Session, 1971, pp. 2444-2456. CONFIDENTIAL I WTAS LLC 93 E
00..ailacnauolury (t50) ..twoolinearatelvatiParatl la..1}(•00Nos.asanesicrensol•unan) canuillosasso M1 an newrenassas rl .1.5 newreassas.n In.. Ato Itaitanessilearam.). 01....i.awitteraitnaus.) irtinevp Mantas...nano, tt pan rep emu!) apelesoisan re,'" "InwwJnaNK.ww Fen rn ouya Mai 1.0.9.01/..) wane., rap
lower the discounts. o Companies with higher earnings have lower discounts. 17 From 'Discounts Involved in Purchases of Common Stock (1966-1969), "Institutional Investor Study Report of the Securities and Exchange Commission, MEL Doc. No. 64, Part 5, 92nd Congress, ist Session, 1971, pp. 2444-2456. CONFIDENTIAL I WTAS LLC 93 E
00..ailacnauolury (t50) ..twoolinearatelvatiParatl la..1}(•00Nos.asanesicrensol•unan) canuillosasso M1 an newrenassas rl .1.5 newreassas.n In.. Ato Itaitanessilearam.). 01....i.awitteraitnaus.) irtinevp Mantas...nano, tt pan rep emu!) apelesoisan re,'" "InwwJnaNK.ww Fen rn ouya Mai 1.0.9.01/..) wane., rap
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