Do Maximum Strike Price Lookback (Longstaff) and Other Put Option Models Produce a Marketability Premium or a Discount?

Business Valuation UpdateVol. 16 No. 10
October 2010
Martin Greene, CPA/ABV, ASA


Maximum strike price lookback (Longstaff ) and other put options models are achieving greater acceptance as liquidity components in estimating discounts for lack of marketability. As users of valuation reports demand greater precision and replicability ...