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Empirical evidence shows holding period of major determinant of marketability discount
Business Valuation Update
Vol. 9 No. 4
April 2003
Shannon P. Pratt, CFA, ARM, ABAR, FASA, MCBA, CM&AA
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Summary
An incorrect and misleading assertion was contained in the article "Predicting Lack of Marketability Discounts by Use of an Econometric (Statistical Regression) Model" by Dr. John Kania , a ...