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Fair value

The amount at which an item could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale. If a quoted market price is available for an item, the fair value is the product of the number of trading units of the item times the quoted market price.

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Steven Huddart
Smeal College of Business, Penn State University, University Park, PA 16802-3603 USA
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was last updated on Wed, Oct 7, 2009.
Today is Fri, Nov 27, 2009.

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