No Marketability Discounts or Discounts for Illiquidity for Controlling Interests of Companies
Chris Mercer
APRIL 7, 2023
The definition of fair market value, the standard of value employed in most appraisals, calls for a hypothetical transaction to occur on the valuation date. All marketing, due diligence and documentation has occurred before or on the valuation date and a hypothetical transaction occurs on the valuation date. ” (p.
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