Derivation from prices in observed transactions

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The fair value of which of the following was determined using a Level 3 input? A building whose price per square foot is derived from prices in observed transactions involving similar buildings in similar locations. Common stock traded and quoted on the New York Stock Exchange. Shares of a privately held company whose value is based on projected cash flows. A privately placed bond whose value is derived from a similar bond that is publically traded.

Reference no: EM13121119

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