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Basic Question 1 of 2
The asset-based approach can be used to value:
II. Very small companies.
III. Companies that were recently formed and have limited operating histories.
I. Closed end investment companies.
II. Very small companies.
III. Companies that were recently formed and have limited operating histories.
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I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
describe the asset-based approach to private company valuation;
CFA® 2025 Level II Curriculum, Volume 4, Module 25.