| QUESTION 4 Do Fair Value and Market value mean the same thing? a. No, Fair Value may include some other value to a buyer that the open market does not recognise thereby making Fair Value greater than Market Value in some cases b. No, Fair Value comes into play before an active market is identified and as such will almost always be less than what can be achieved at market c. Yes, Fair Value is ultimately the same as Market Value as it is used up until the selling party decides its asking price after which point it is referred to as the asset's asking Market Value d. Yes, Fair Value is the same as Market Value which is ultimately the same as the asset's current replacement value |