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Question
Fair market value is
a. The cash or cash equivalent value that a willing buyer would pay or seller would accept for a business
b. The cash or cash equivalent value that a willing buyer would pay or seller would accept for a business, assuming each had access to all necessary information
c. The cash or cash equivalent value that a willing buyer would pay or seller would accept for a business, assuming each had access to all necessary information and that neither party is under duress.
d. The discounted value of free cash flow to the firm
e. The discounted value of free cash flow to equity investors.
Answer
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