Chapter Ten - The Highlights
  • looks at the sorts of premia and discounts that are typically applied by valuation practitioners;
  • we look at control premia, discounts for minority interests, discounts for illiquidity, rate of return premia for size and other miscellaneous factors;
  • considers whether these adjustments should be made to the discount rate, cash flows or resulting value;
  • sets out the empirical evidence underpinning the sorts of adjustments typically made; and
  • addresses the issue of size and the cost of capital.
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