What Is Fair Market Value (FMV) and How Is It Calculated?
https://smartasset.com/financial-advisor/fair-market-value
WEBApr 19, 2023 · Fair market value is the price a business, property or other asset would sell for in an open and competitive market where the buyer and seller have adequate information of relevant facts, a reasonable time to complete a deal, are under no compulsion, are acting in their own interests and mutually agree on the price.
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