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Assume that a wealthy investor owns 15% of a single, publicly traded company. In what level of the fair value hierarchy should this measurement be
Assume that a wealthy investor owns 15% of a single, publicly traded company. In what level of the fair value hierarchy should this measurement be classified, and should the investor adjust the fair value to reflect the fact that its position would be too large to sell in a single day (without negatively impacting the share price)? Such adjustments may be described as blockage factors.
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