- 15 -
C. Conclusion
Johnson and Fuller agree that the appropriate discount for
lack of marketability is 30 percent. Taking into account the
adjustment made to the growth rate of American Vanguard, we
conclude that the fair market value of decedent’s 184 shares of
Green Light stock was $2,150,000 on February 1, 1993.
Decision will be entered
under Rule 155.
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
Last modified: May 25, 2011