Volatility and the DLOM

Business Valuation UpdateVol. 19 No. 2
February 2013
Ronald M. Seaman, FASA

Summary

Volatility is an issue in most calculations of an appropriate discount for lack of marketability (DLOM) for a minority interest. Frequently, appraisers value the interest at some date in the past. Thus, they often use market data from before the valuation ...