Chris Mercer

MARCH 8, 2023

This post provides a discussion of several implications of the definition of the standard of value known as fair market value. We focus first on the definition of fair market value. We then look at the implications for the so-called “marketability discount for controlling interests.”

Fair Market Value 52

Fair Market Value Marketability Appraisal Business Valuation 52

Chris Mercer

MARCH 7, 2024

Expected economic benefits associated with the subject interest, which come from interim benefits (dividends or distributions) and a terminal cash flow when the investment is sold or liquidated. 3) Preferential dividend claims. (4) 5) The outlook for one-time and/or irregular dividends or distributions. (6)

Dividends 52

Dividends Appraisal Terminal Value Business Valuation 52

Chris Mercer

FEBRUARY 23, 2024

The Value of an Interest in a Business The value of an interest in a business is similarly defined by the expected cash flow to the interest , the expected growth in value of the interest over the expected holding period, and the expected terminal value of the interest at the end of the expected holding period.

Marketability 52

Marketability Terminal Value Dividends Discounted Cash Flow 52