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Moore Business Sales, LLC recently hired a new appraiser, Will Price-Randomly. Will has been asked to determine the combined level of valuation discounts for a

Moore Business Sales, LLC recently hired a new appraiser, Will Price-Randomly. Will has been asked to determine the combined level of valuation discounts for a small equity interest in a private anger management firm, Kirsten Hollered, Inc. Will concludes that an appropriate control premium is 10 percent. A discount for lack of marketability is estimated at 15 percent.

Given these factors, calculate the combined discount.

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