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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
149.7 55/6 (433.1 134 206 110 LAI 3100 ru 2017 2453 219 255 242 31.6 1140 905 063 Ill 3%04 Iseluckna Ildttert MM Mous s tiuhsus Atefes. AVAI l I CeM,Igy Nrc4e. AVAl T• " C.03blgy %%the IRAI I 1 ( spabisyNookers l iTabisyNookeb AVALLE. , à tublgy Nagar AVALVE7 t dei.% Noule
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
149.7 55/6 (433.1 134 206 110 LAI 3100 ru 2017 2453 219 255 242 31.6 1140 905 063 Ill 3%04 Iseluckna Ildttert MM Mous s tiuhsus Atefes. AVAI l I CeM,Igy Nrc4e. AVAl T• " C.03blgy %%the IRAI I 1 ( spabisyNookers l iTabisyNookeb AVALLE. , à tublgy Nagar AVALVE7 t dei.% Noule
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
149.7 55/6 (433.1 134 206 110 LAI 3100 ru 2017 2453 219 255 242 31.6 1140 905 063 Ill 3%04 Iseluckna Ildttert MM Mous s tiuhsus Atefes. AVAI l I CeM,Igy Nrc4e. AVAl T• " C.03blgy %%the IRAI I 1 ( spabisyNookers l iTabisyNookeb AVALLE. , à tublgy Nagar AVALVE7 t dei.% Noule
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