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Your school is negotiating with another school to run a joint program. The other school is not sure that your college can handle the increase in students and tells your administration that it will join the joint-program initiative if your college increases its faculty. Based on this offer, two full-time tenure track faculty members are hired. Soon afterward the other college decides that it will not participate in the program and ends negotiations. What rights does your school have?
Fair Value
An estimate of the market value of an asset or liability based on current conditions and transactions.
Fair Value
An estimate of the price at which an asset or liability would be traded in a fair transaction between willing and knowledgeable participants.
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