Estate of Etta H. Weinberg - Page 29

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             discount by 5 percent to reflect the perpetual restrictions              
             on this interest and the slim prospect of the interest ever              
             being publicly traded.  We believe that Mr. Siwicki failed               
             adequately to take into account certain characteristics of               
             the subject limited partnership interest that suggest a                  
             decrease in the marketability discount.  These factors                   
             include consistent dividends, the nature of the underlying               
             assets, and a low degree of financial leverage.                          
                  Based on all the evidence of record, we find that a                 
             marketability discount of 20 percent should be applied to                
             the subject limited partnership interest.                                

                  Based upon the entire record of this case, we find the              
             date-of-death fair market value of the subject limited                   
             partnership interest is $1,309,650.64.  Our analysis is                  
             summarized in the following schedule:                                    

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Last modified: May 25, 2011