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Civil Engineering · Q45

Engineering Economics

Engineering and GATE · Civil Engineering · question 45

Q45

What refers to the value of an asset which a disinterested third party, different from the buyer and seller, will determine in order to establish a price acceptable to both parties?

A.
Book value
B.
Market value
C.
Fair value
Answer
D.
Franchise value

Answer: Option C

Solution

Answer: Option C
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