CBV MQE
CBV Institute Membership Qualification Examination (MQE)
Valuation Principles StandardsEnglish
Exam overviewPractice session
Under CBV Institute Practice Standards, 'fair market value' is most precisely defined as the highest price, expressed in terms of money, available in an open and unrestricted market between informed and prudent parties acting at arm's length, where neither party is under any compulsion to act. Which characteristic is therefore NOT part of the fair market value premise?
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