CFA Practice Question

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CFA Practice Question

______ is the amount at which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm's length transaction, which may involve either market measures or present-value measures.

A. Current cost
B. Settlement value
C. Fair value

User Contributed Comments 2

User Comment
NOBAN DEFINITION OF WHAT FAIR VALUE IS
hon132 See question above. Fair value = fair market value, what two unrelated parties considers fair for an asset.
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