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London Stock Exchange. The stock price information is noted below: Exchange Quoted Stock Price Transaction Cost Net New York $105 $1 $104 London $107 $5

London Stock Exchange. The stock price information is noted below:

Exchange

Quoted Stock Price

Transaction Cost

Net

New York

$105

$1

$104

London

$107

$5

$102

What is the fair value of Subsidiary Company if there is NO principal market for the stock?

Question 1 options:

105

102

104

107

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