NO.PZ2023123001000017
问题如下:
The management of Starbeam LLC,
a private company owned solely by its managers, is seeking to raise funds
by selling an equity stake in the company while maintaining control. A private
valuation expert recently estimated Starbeam’s
company value based on its current status as a 100%
management-owned company. Which type(s) of premiums
and/or discounts would most likely be applied to the recent
valuation in valuing the proposed equity stake?
选项:
A.Control premium and DLOM
B.DLOC
C.DLOC and DLOM
解释:
B is Correct. The recent valuation would have reflected a control premium because of management’s controlling position and a DLOM because Starbeam is a private company, thus A would only be correct for the recent valuation, rather than the valuation of the proposed stake. C would not be correct because the DLOM would already have been applied in estimating the recent valuation. Thus, the proposed, non-controlling stake would only need a DLOC.
如何判断已经考虑了DLOM,感觉题目中条件给的不清晰呢,考试一般会怎么问呀,是不是只要提到是private valuation专家,估值默认就已经考虑了DLOM?