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The market value of a known contaminated property, developed under the hypothetical condition that the property is not contaminated, is known as:______.

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The market value of a known contaminated property, developed under the hypothetical condition that the property is not contaminated, is known as Unimpaired Value.

The price at which an asset might trade in a competitive auction situation is referred to as market value or OMV (Open Market Valuation). Despite the fact that these phrases have different meanings under various standards and can have variations in some situations, market value is frequently used interchangeably with open market value, fair value, and fair market value. According to theoretical criteria, market value is "the genuine underlying value," as opposed to market price, which is "the price at which one can interact." Inefficient markets or circumstances of disequilibrium where current market prices are not indicative of genuine underlying market worth are where the concept is most frequently used. The market must be informationally efficient and rational expectations must prevail for market price and market value to be equal.

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