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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
1253%1 1403% Mn 211% ILL% EDIT 062%1 1293%1 124.7% »I% 310% 10.1% Taal Aa(0 64% 23.2% 204% NA IISTORICAL SEG MaSallataltuns %WS Niandrighiabaz %Taal 194.1~ Nos 9404( Flail Arm Ealing. Doe.31.2.003 Dec 414019 17•031.20117 9% 0% 0% WS% 10)% 103% NA NA NA NA NA NA 0% " 0%
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
1253%1 1403% Mn 211% ILL% EDIT 062%1 1293%1 124.7% »I% 310% 10.1% Taal Aa(0 64% 23.2% 204% NA IISTORICAL SEG MaSallataltuns %WS Niandrighiabaz %Taal 194.1~ Nos 9404( Flail Arm Ealing. Doe.31.2.003 Dec 414019 17•031.20117 9% 0% 0% WS% 10)% 103% NA NA NA NA NA NA 0% " 0%
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
1253%1 1403% Mn 211% ILL% EDIT 062%1 1293%1 124.7% »I% 310% 10.1% Taal Aa(0 64% 23.2% 204% NA IISTORICAL SEG MaSallataltuns %WS Niandrighiabaz %Taal 194.1~ Nos 9404( Flail Arm Ealing. Doe.31.2.003 Dec 414019 17•031.20117 9% 0% 0% WS% 10)% 103% NA NA NA NA NA NA 0% " 0%
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