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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
Jniasobabluauk Rogurdz In klmk..I.in.AdnM kurdul a 19M 0n16 Imuloanuel aa Waelnl.C..outb. Malt rullny: bibs: sasamti.5 EL9Lba 1M111 ((e salon. Afrem pt. slure 44..0 Curnali Pau i4.2911) 525.30 51444.4 MIA 4/9941•9 MOA 6: Ren! Let el AttOtt AAM Ika! Canna, Slanes 533.994 Mark, Caplullzadna 51
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
Jniasobabluauk Rogurdz In klmk..I.in.AdnM kurdul a 19M 0n16 Imuloanuel aa Waelnl.C..outb. Malt rullny: bibs: sasamti.5 EL9Lba 1M111 ((e salon. Afrem pt. slure 44..0 Curnali Pau i4.2911) 525.30 51444.4 MIA 4/9941•9 MOA 6: Ren! Let el AttOtt AAM Ika! Canna, Slanes 533.994 Mark, Caplullzadna 51
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
Jniasobabluauk Rogurdz In klmk..I.in.AdnM kurdul a 19M 0n16 Imuloanuel aa Waelnl.C..outb. Malt rullny: bibs: sasamti.5 EL9Lba 1M111 ((e salon. Afrem pt. slure 44..0 Curnali Pau i4.2911) 525.30 51444.4 MIA 4/9941•9 MOA 6: Ren! Let el AttOtt AAM Ika! Canna, Slanes 533.994 Mark, Caplullzadna 51
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