In calculating the lost wages, including a pension, health 

benefits plan, and UPS restricted stock unit grants, for the employee's remaining 27-year work life, the restricted stock units were valued by the parties' appraisers from $75,000 to $253,000. 

Based on market derived data, the employee's valuation expert
estimated an 8% to 9% cost of capital and an 8% long-term growth rate, to conclude a 0% discount rate. Without market support in calculating an alternative discount rate, the company's valuation expert's opinion that a 0% discount rate was unsound did not provide the jury sufficient evidence to support a higher discount rate. Hardenbrook v. United Parcel Service, Inc. (U.S. Dist. February 7, 2014) 

In the valuation of the husband's dental practice, the husband's

expert included a 15% lack of marketability discount (LOMD)

under the standard of fair market value. The appeals court ruled that, under applicable case law, an LOMD was improper where the owner had no need or desire to sell his interest. As a result, the appeals court considered a "no-sale assumption", which is similar to some state's "value to holder" assumption. Barnes v. Barnes (Tenn. App. April 10, 2014)

In the small business arena, transaction activity trended down 17% across all industries, from 1,315 deals in 2012 to 1,087 deals in 2013. The median EBITDA multiple increased from 2.89 in 2012 to 3.03 in 2013, reflecting a 5% increase. The median transaction price decreased from $270,000 in 2012 to $240,000 in 2013. 

In 2013, the retail sector showed the most activity with