The fair value of securities that are listed and traded through stock exchanges is determined based on:
Question:
The fair value of securities that are listed and traded through stock exchanges is determined based on:
a. The highest bid price quoted on the exchange for each day
b. Market quotes at the end of each day
c. Market quotes at the opening of each day
d. The forecasted price received from stock broker
e. The average price of the high and low recorded in the exchange
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Related Book For 
Accounting For Investments Equities Futures And Options Volume 1
ISBN: 9780470824313
1st Edition
Authors: R. Venkata Subramani
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