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y was based on approximately 72 restricted 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 1
f Nanning economy s : . Ni;gh, al Asa.. < • tuna). Meat, .1S.mnituy Cum:meant 'ht.,: nfialaticati< am~ Donut 81.1144 of Ao.lo Onninsionni 1140%. Garatauti< .mtula: Assso <129.919.1 14.0 1410 IVA I ~ 1010 Se ;Jai 111114 3~ 10 ti 0,9994 ~as ~31 ~Ma —Lou Pme. ~in IY.rY'.aEatluy LTAI Ebd Ver
y was based on approximately 72 restricted 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 1
f Nanning economy s : . Ni;gh, al Asa.. < • tuna). Meat, .1S.mnituy Cum:meant 'ht.,: nfialaticati< am~ Donut 81.1144 of Ao.lo Onninsionni 1140%. Garatauti< .mtula: Assso <129.919.1 14.0 1410 IVA I ~ 1010 Se ;Jai 111114 3~ 10 ti 0,9994 ~as ~31 ~Ma —Lou Pme. ~in IY.rY'.aEatluy LTAI Ebd Ver
y was based on approximately 72 restricted 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 1
f Nanning economy s : . Ni;gh, al Asa.. < • tuna). Meat, .1S.mnituy Cum:meant 'ht.,: nfialaticati< am~ Donut 81.1144 of Ao.lo Onninsionni 1140%. Garatauti< .mtula: Assso <129.919.1 14.0 1410 IVA I ~ 1010 Se ;Jai 111114 3~ 10 ti 0,9994 ~as ~31 ~Ma —Lou Pme. ~in IY.rY'.aEatluy LTAI Ebd Ver
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