If you use a binomial option-pricing model, this post is for you!
Companies often issue employee stock options at different dates during the year, and with different strike prices. After awhile, the number of classes of “unique” options (differentiated by issue date and strike price, for example) can get quite large.
The binomial model I use, supplied [...]
This is an update of a favorite subject: discount rate development.
When I teach introductory BV, things go smoothly as we cover standards and premises of value, economic, industry, company, and financial analysis and forecasting, and the Market and Asset Approaches. When we get to the Income Approach, however, the level of anxiety always rises and [...]
This post concerns appraisals in contemplation of sales of businesses – 100%, control, or minority – to third parties; i.e. M&A or buy-in/buy-out transactions that are going to be real deals, not sales, gifts or transfers to family members for estate or gift tax purposes.
“Real deals” are very different from family member transactions. In real [...]
