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Basic Question 1 of 2
The asset-based approach can be used to value:
II. Very small companies.
III. Companies that were recently formed and have limited operating histories.
I. Closed end investment companies.
II. Very small companies.
III. Companies that were recently formed and have limited operating histories.
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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
Learning Outcome Statements
describe the asset-based approach to private company valuation;
CFA® 2024 Level II Curriculum, Volume 4, Module 27.