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If a portfolio manager had to estimate the fair value of real estate,which of the following would he/she most likely identify as the level of inputs to determine this?
Auction Markets
Markets where buyers bid for products or services, with the highest bidder winning the item, such as stock exchanges.
TSX
The Toronto Stock Exchange, which is the largest stock exchange in Canada and the ninth largest in the world by market capitalization.
NASDAQ
A global electronic marketplace for buying and selling securities, as well as the benchmark index for U.S. technology stocks.
Over-The-Counter Market
A decentralized market where securities not listed on major stock exchanges are traded directly between parties.
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