The most objective measure of an asset's value is its market price in an arm's length sale between well-informed buyers and sellers.

Question

Quizplus · Accepted Answer

The market price in an arm's length transaction between well-informed and willing buyers and sellers is considered the most objective measure of an asset's value because it reflects what the market is willing to pay, free from any undue pressures or insider advantages.

The Most Objective Measure of an Asset's Value Is Its