Deals Transacted Direct or Via a Broker Prior to 5:00am

question 102

Multiple Choice

Deals transacted direct or via a broker prior to 5:00am Sydney time on Monday morning:

• A) Are invalid.
• B) Must be approved by senior management before confi
• C) Cannot be entered into without the approval of the
• D) Are not considered to have been done in normal con

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Definitions:

Fair Value

An estimate of the market value of an asset or liability, based on current prices in active markets for identical or similar items.