May T. Rakow - Page 25

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          Applying the 31-percent minority discount rate to this share                
          value results in a value of $413.59 per share.  Accordingly, we             
          hold that petitioner’s shares were worth $413.59 each on the                
          valuation date.                                                             
               In keeping with our holding,                                           
                                                  Decision will be entered            
                                             under Rule 155.                          

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