Value Sample Discount Fair Market Value Cash & Cash Equivalents $950,000 0.0% $950,000 Common Stock Porfolio $3,225,000 5.0% $3,063,750 Hedge Fund Investments $1,850,000 15.0% $1,572,500 Private Equity Investments $1,300,000 20.0% $1,040,000 Privately-held Stock $2,675,000 30.0% $1,872,500 Total