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| Blockage and DLOM Discounts: Options Models to the Rescue(2062Q) |
Course CPE: 2 hours
Field(s) of Study: Finance–1 hr; Statistics–1 hr
Program Level: Intermediate
Prerequisites: Previous training or research on subject matter being taught. Such persons are often at a mid-level within the organization, with operational and/or supervisory responsibilities.
Advanced Preparation: None
Delivery Method: QAS Self-Study |
Item
Number: 24BV0715MEE
Shipping Weight: 0lbs. 0oz. |
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$147.00 |
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Recording Date: July 15, 2024
Presenter: Dr. Ashok Abbott
Program Description:
Valuation professionals often grapple with questions around Discounts for Lack of Marketability (DLOM) and blockage discounts—especially when dealing with restricted securities or large equity holdings. Traditional models often fall short of accurately capturing these discounts, but there’s a better way.
Join Dr. Ashok Abbott, a seasoned academic and valuation expert, for an in-depth, two-part webinar that explores how options-based models can transform your approach to quantifying illiquidity-related discounts. Combining theory with hands-on application, Dr. Abbott introduces a free, practical calculator that lets you apply these models to real-world scenarios in real time.
Whether you work in litigation support, estate and gift valuation, or corporate finance, this course will equip you with rigorous, defensible, and data-driven techniques to enhance your valuation practice.
After completing this course, you will be able to:
- Differentiate between temporary, structural, and size-based illiquidity and explain their impact on valuation discounts.
- Identify appropriate situations where option pricing models are preferable to traditional DLOM methodologies.
- Recognize the limitations of restricted stock studies and pre-IPO analyses in modern valuation practice.
- Determine the appropriate inputs—such as volatility, holding period, and risk-free rate—for applying options-based discount models.
- Identify visual and statistical tools, including regression analysis, that validate the reliability of calculated discounts.
- Differentiate between subjective estimation methods and data-driven, repeatable techniques suitable for litigation or audit defense.
For more information regarding refund or concerns, please contact our offices at (800) 677-2009.
The Consultants’ Training Institute (CTI) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
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