单选题 An analyst doesresearch about closely-held companies. With respect to valuation of closely-held companies, the most appropriate base for estimating a discount for lack of liquidity is the:
A. market price of a similar but actively publicly traded company.
B. Estimate of the value of equitywith all control rights.
C. mean value of the company's transaction prices recently.

【正确答案】 A
【答案解析】[解析] 私人持股公司是非上市公司,对其估值应考虑到因流动性缺失而引发的价值下调,其基准可以选择类似的但积极公开交易的公司股票的市场价格,并考虑其缺少流动性而适当向下调整。