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Valuation Of Closely Held And Untraded Stocks Held As Collateral By Banks In Support Of Loans, Richard Mortensen Linder

Master's Theses

It is recognized that one of the primary functions of modern day banking is the extension of credit. Properly administered, the fulfillment of this function is, either directly or indirectly, of importance to the general welfare. Properly loaned money is a source of income to the bank, and hence to the stockholders and employees; it enables the retailer to carry his inventory; the wholesaler to purchase and distribute a variety of products; and the manufacturer to produce a needed finished product. Direct loans to individuals are likewise of vital importance for many reasons. Borrowed funds may enable an individual to …