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table below for the descriptions and formulas related to these components by class. value Description Formula Upside to all shareholder, beyond Seri s Sb indif. threshold Between Series sb indif. threshold and Series a's indif threshold Between Series 4's indif. threshold and Series 3's indif thresho
tions 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 1993, PP- 459-485. 27 From Bruce Johnson, "Res
table below for the descriptions and formulas related to these components by class. value Description Formula Upside to all shareholder, beyond Seri s Sb indif. threshold Between Series sb indif. threshold and Series a's indif threshold Between Series 4's indif. threshold and Series 3's indif thresho
tions 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 1993, PP- 459-485. 27 From Bruce Johnson, "Res
table below for the descriptions and formulas related to these components by class. value Description Formula Upside to all shareholder, beyond Seri s Sb indif. threshold Between Series sb indif. threshold and Series a's indif threshold Between Series 4's indif. threshold and Series 3's indif thresho
tions 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 1993, PP- 459-485. 27 From Bruce Johnson, "Res
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