LEAPS on ETFs: Your Absolutely Lowest Reasonable DLOM

Business Valuation UpdateVol. 19 No. 10
October 2013
Ronald M. Seaman, FASA


Some appraisers have argued that a holding of U.S. government bonds in a family limited partnership requires a very small discount for lack of marketability (DLOM) or perhaps no discount at all. If the valuation date were Dec. 12, 2012, I suggest the disc ...