The Effect of Trading Activity on Beta

Mr. Larson received his BS and MS degrees in Aeronautical Engineering from the University of Washington and his MBA from Stanford University. He is a member of the Valuation Advisory Committee of the ESOP Association and is a candidate member of the American Society of Appraisers. He is now a Vice President with Dain Bosworth in Minneapolis, with prior experience with Kelso & Co., R&D Funding Corp., and Prudential Bache.