- CFA Exams
- CFA Level I Exam
- Study Session 11. Equity Valuation (3)
- Reading 31. Private Company Valuation
- Subject 3. Definitions (standards) of value
CFA Practice Question
Which definition of value is often used in real estate and tangible asset appraisals?
A. Fair value.
B. Market value.
C. Investment value.
Explanation: It usually means the market value of a property.
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