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1. What must be true when we can observe a transaction price? A Seller and buyer estimate the same investment value for the property. B

1. What must be true when we can observe a transaction price?

A Seller and buyer estimate the same investment value for the property.

B The buyer estimates an investment value that is as high as or higher than the investment value the seller had estimated.

C The seller estimates an investment value that is as high as or higher than the investment value the buyer had estimated.

D Seller and buyer estimate the same market value for the property.

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