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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
1053 210.0 2719 2413 Tull' Fqiii, »IA 414.2 5014 »LI N., twit» C4fad 3128 »9.1 4133 167.1 Dac Pace NWC 3121 339.1 4133 117.1 ilisi.Tain Mix 011 00 0.0 00 1.9410(14 011 00 00 «0 T•A4 (WI 103.0 247.1 270.7 279.2 1,i( Nei 19AL »3 160 173 II. 1 74n Is lisfinniin if .49414
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
1053 210.0 2719 2413 Tull' Fqiii, »IA 414.2 5014 »LI N., twit» C4fad 3128 »9.1 4133 167.1 Dac Pace NWC 3121 339.1 4133 117.1 ilisi.Tain Mix 011 00 0.0 00 1.9410(14 011 00 00 «0 T•A4 (WI 103.0 247.1 270.7 279.2 1,i( Nei 19AL »3 160 173 II. 1 74n Is lisfinniin if .49414
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
1053 210.0 2719 2413 Tull' Fqiii, »IA 414.2 5014 »LI N., twit» C4fad 3128 »9.1 4133 167.1 Dac Pace NWC 3121 339.1 4133 117.1 ilisi.Tain Mix 011 00 0.0 00 1.9410(14 011 00 00 «0 T•A4 (WI 103.0 247.1 270.7 279.2 1,i( Nei 19AL »3 160 173 II. 1 74n Is lisfinniin if .49414
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