Trugman Valuation Associates (TVA) Restricted Stock Study—An Update

William Harris

doi:10.5791/BVR-D-11-00015.1

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Article Contents

Abstract
Introduction
Correlation Analysis
Quartile Analysis
Conclusion

Editorial Type:

Article Category: Research Article

Online Publication Date: 01 Dec 2011

Trugman Valuation Associates (TVA) Restricted Stock Study—An Update

Page Range: 132 – 139

DOI: 10.5791/BVR-D-11-00015.1

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Abstract

This article is an update to the first Trugman Valuation Associates (TVA) restricted stock study published in the fall 2009 issue of Business Valuation Review. The impact of the changes to the Rule 144 holding period on implied restricted stock discounts is also examined.

Figure 1

VIX Historical

Contributor Notes

William Harris, AM, is a financial analyst with Trugman Valuation Associates, Inc. He has a B.S. in Business Administration from Belk College of Business at the University of North Carolina at Charlotte (2006) and an M.S. in Finance from the Chapman Graduate School of Business at Florida International University (2007). He is a CFA Candidate.