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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
s $9.511.3 „erne Trader% dénis Pls. tout Os% 2459 1%. 644 08 Pls. PtcfmnISsul 00 1%. s Ikola 67 Pin Mituill, Intei 00 lcm Yeu 17 'mate Caplul Valse v017.2 14%CM Eyndltds 01 n1 Esteepdot Vagie 01, 1A4 fata 3730 .461.9 %Mid Mad111221111 Outille nef 0.1% %ta: mu /sa .S.,wo 1.13 Muet
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
s $9.511.3 „erne Trader% dénis Pls. tout Os% 2459 1%. 644 08 Pls. PtcfmnISsul 00 1%. s Ikola 67 Pin Mituill, Intei 00 lcm Yeu 17 'mate Caplul Valse v017.2 14%CM Eyndltds 01 n1 Esteepdot Vagie 01, 1A4 fata 3730 .461.9 %Mid Mad111221111 Outille nef 0.1% %ta: mu /sa .S.,wo 1.13 Muet
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
s $9.511.3 „erne Trader% dénis Pls. tout Os% 2459 1%. 644 08 Pls. PtcfmnISsul 00 1%. s Ikola 67 Pin Mituill, Intei 00 lcm Yeu 17 'mate Caplul Valse v017.2 14%CM Eyndltds 01 n1 Esteepdot Vagie 01, 1A4 fata 3730 .461.9 %Mid Mad111221111 Outille nef 0.1% %ta: mu /sa .S.,wo 1.13 Muet
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