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Find what is the fair value of the asset

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Reference no: EM132756926

There are multiple active markets for a financial asset with different observable market prices:

Market Quoted         Price           Transaction Costs

A                        P 76.00              P 5.00

B                       P 74.00                  P 2.00

Problem 1: There is no principal market for the financial asset. What is the fair value of the asset?

a) P 71.00 c) P 74.00

b) P 72.00 d) P 76.00

Reference no: EM132756926

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