Discount Statistics of Closed-End Funds Update For The 2nd Quarter 2016

This article will update the Highland Global study, “Discount Statistics of Closed-end Funds,” (originally published in November 2005 and updated quarterly) for data relating to the second quarter of 2016.  The original article with more details regarding discount statistics of closed-end funds is available at www.HighlandGlobal.com.  Historic releases of our research can be accessed from our website. Continue reading

Closed End Fund Statistics Update For The 1st Quarter 2016

This article will update the Highland Global study, “Discount Statistics of Closed-end Funds,” (originally published in November 2005 and updated quarterly) for data relating to the first quarter of 2016. The original article with more details regarding discount statistics of closed-end funds is available at http://www.HighlandGlobal.com. Historic releases of our research can be accessed from our website.

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Discount Statistics Of Closed End Funds Update For The-4th Quarter 2015

This article will update the Highland Global study, “Discount Statistics of Closed-end Funds,” (originally published in November 2005 and updated quarterly) for data relating to the fourth quarter of 2015.  The original article with more details regarding discount statistics of closed-end funds is available at www.HighlandGlobal.com.  Historic releases of our research can be accessed from our website. Continue reading

Discount Statistics Of Closed-End Funds Update for the 3rd Quarter 2015

This article will update the Highland Global study, “Discount Statistics of Closed-end Funds,” (originally published in November 2005 and updated quarterly) for data relating to the third quarter of 2015.  The original article with more details regarding discount statistics of closed-end funds is available at www.HighlandGlobal.com.  Historic releases of our research can be accessed from our website. Continue reading

Discount Statistics Of Closed-End Funds Update For the 2nd Quarter 2015

This article will update the Highland Global study, “Discount Statistics of Closed-end Funds,” (originally published in November 2005 and updated quarterly) for data relating to the second quarter of 2015. The original article with more details regarding discount statistics of closed-end funds is available at http://www.HighlandGlobal.com. Historic releases of our research can be accessed from our website. Continue reading

Discount statistics Of Closed-End Statistics Update For the 1st Quarter 2015

This article will update the Highland Global study, “Discount Statistics of Closed-end Funds,” (originally published in November 2005 and updated quarterly) for data relating to the first quarter of 2015. The original article with more details regarding discount statistics of closed-end funds is available at http://www.HighlandGlobal.com. Historic releases of our research can be accessed from our website. Continue reading

Specific Company Risk Premium: A New Approach

THIS IS AN ABRIDGED VERSION OF OUR ARTICLE.  THE COMPLETE ARTICLE CAN BE ACCESSED IN OUR ARCHIVES.

The business appraisal process involves a great deal of science in arriving at an indication of value, but also requires some art on the part of the appraiser. The science of business appraisals involves the approaches and methodologies used in arriving at a value conclusion. The market approach using the direct market data method requires statistics from actual transactions in the market in order to apply an appropriate multiple to the subject company’s selected earnings, revenues, or other income stream. The single period capitalization method and the multi-period discounted earnings method under the income approach require calculated inputs for the appropriate earnings. In addition, data directly observed in the market place such as the risk free rate and the equity risk premium (obtained from Ibbotson Associates) are required to build up the company’s appropriate cost of equity and discount rate. Continue reading