Mercer responds to Columbia Financial's restricted stock study

Business Valuation UpdateVol. 6 No. 9
Data and Publications Update
September 2000
discount rate, capitalization rate

Summary

"Restricted Stock Studies' Typical Results Do Not Provide 'Benchmark' for Determining Marketability Discounts—But They Do Help," Z. Christopher Mercer and Timothy R. Lee , E-Law Business Valuation ...