Examination of Mercers QMDM reveals inadvertent error
In this exchange between Eric Engstrom and Chris Mercer, Eric pinpoints an inadvertent error in Mercers "Base Case" for his Quantitative Marketability Discount Model. Erics interpretation wo ...
Mercer responds to Engstrom analysis
The QMDM is offered in the context of what, I believe, is sound financial theory. And that theory is evolving. As indicated in Quantifying Marketability Discounts , the QMDM begins with an ...
Tax Court Considers QMDM and Restricted Stock Studies in Determining Discount for Lack of Marketability
In November 1992, the Petitioners gifted shares of St. Edward Management Co. (the "Company") common stock to their children.
Janda v. Commissioner
In November 1992, the Petitioners gifted shares of St. Edward Management Company (the "Company") common stock to their children. Each gift represented approximately 5.3% of the outstanding shares of common stock. St. Edward Management Co. owned 94.6% of the common stock of the Bank of St. Edward (the Bank), a bank located in a small agricultural community in Nebraska.
Weinberg et al. v. Commissioner - It's not about the Marketability Discount
n Weinberg et al. v. Commissioner – It's Not About the Marketability Discount , Mercer, Z. Christopher E-Law Business Valuation Perspective , 2000-03 and 2000-04, March 13, 2000 In this doub ...
Quantifying marketability discounts
I am in the process of completing my demonstration reports for my CBA. I used a 30% LOM discount after deriving a value for a closely held, small business using the Ibbotson build up method.