Track One (Friday)

Inflation and Russia-Ukraine Conflict: Impact on Cost of Capital Assumptions

Friday, August 19, 2022 9:20 a.m. - 11:00 a.m. MT

Using Liquidity for Determining Illiquidity: Another Way to Justify Your DLOM

Friday, August 19, 2022 11:20 a.m. - 12:10 p.m. MT

In this session you will be provided a study of special dividends by public companies, to show that unforeseen liquidity increases value in both the short and long term. We will then review the impact that such information provides in showing the opposite - that a lack of liquidity causes a decrease in company value. It's a different and defensible means to arrive at a Discount for Lack of Marketability (DLOM).

  • Explain illiquidity from recent examples of known public company liquidity
  • Revise your explanation for a Lack of Marketability in valuation reports
  • Use the provided discount reference tables for report writing purposes

Total CPE: 1
Fields of Study: Finance: 1
Program Level: Basic - Learning activity level most beneficial to individuals new to a skill or an attribute.

Who Should Attend:

Anyone providing business valuation reports with a Lack of Marketability section.


Previous training or experience with the fundamentals of accounting, finance, economics, and business writing. These individuals are often at the staff or entry level in organizations, although such programs may also benefit a seasoned professional with limited exposure to the area.

Advanced Preparation:


Valuation and Growth Drivers

Friday, August 19, 2022 1:00 p.m. - 2:40 p.m. MT

How to Correct Your (and Opposition’s) Economic Benefit Stream

Friday, August 19, 2022 3:00 p.m. - 4:40 p.m. MT